Deposit Protection Mechanism | Summit Bank

Deposit Protection Mechanism

State Bank of Pakistan has recently launched “Deposit Protection Mechanism for Banking Companies*” vide DPC Circular No.4 of 2018 dated June 22, 2018, which is effective from July 01, 2018. Kindly note that as per Section 7(1) of the Deposit Protection Corporation Act, 2016, an amount up to Rs. 250,000/- (Rupees Two Hundred and Fifty Thousand) per depositor has been determined by DPC as the guarantee amount, which is subject to change from time to time.
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 2021-06-11

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