SBP has introduced a “Deposit Protection Mechanism for Banking Companies” vide DPC Circular No.4 of 2018 dated June 22, 2018, effective immediately from July 01, 2018. Please be informed that pursuant to 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.
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