Depositor Protection Corporation - Summit Bank

Depositor Protection Corporation

Deposit Protection Corporation (DPC) is a subsidiary of State Bank of Pakistan and commenced its
operations under the provision of DPC Act 2016. The objective of the Corporation is to compensate the
eligible depositors in case the bank declared as failed by the State Bank of Pakistan.

For the purpose, Corporation has determined, protected amount of upto PKR 500,000 for all eligible
depositors on per depositor-per bank basis. The amount is payable to eligible depositors only if a bank is
declared as a failed bank by State Bank of Pakistan and is not payable under any other circumstances.

For more information and clarity, detailed Frequently Asked Questions (FAQs) have been developed and
posted at DPC website (www.dpc.org.pk).

For more details, please visit us at any Summit Bank branch or call at 021-1111-24365

SBP Link containing Deposit Protection Mechanism Circulars.

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Last Updated 2022-01-12


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