Introduction
SBP has launched “Deposit Protection Mechanism for Banking Companies*” vide DPC Circular no.4 of 2018 dated June 22, 2018 which has become effective from July 01, 2018.
Kindly note that as per section 7(1) of the Deposit Protection Corporation Act, 2016, an amount upto Rs.500,000/- (Rupees Five hundred thousand only) per depositor has been determined by DPC as the threshold, which is subject to change from time to time.
*Terms & conditions apply
For further details, please read below DPC circulars or visit:
2021 DPC Circulars
| Circular No. | Date | Subject |
|---|---|---|
| DPC Circular Letter No. 01 of 2021 | September 20, 2021 | Notification for Enhancement of Guarantee Amount (Protected Deposit) |
2020 DPC Circulars
| Circular No. | Date | Subject |
|---|---|---|
| DPC Circular Letter No. 2, 2020 | Tuesday,August 4, 2020 | Notification |
| DPC Circular Letter No. 1, 2020 | Thursday,January 30, 2020 | Member Institutions of Deposit Protection Corporation (DPC) |
2019 DPC Circulars
| Circular No. | Date | Subject |
|---|---|---|
| DPC Circular Letter No. 1, 2019 | Thursday,December 5, 2019 | Information System for Protected Depositors of Member Banks |
| DPC Circular No. 1, 2019 | Friday,March 15, 2019 | Information System for Protected Depositors of Member Banks |
2018 DPC Circulars
| Circular No. | Date | Subject |
|---|---|---|
| DPC Circular No.5, 2018 | Monday,November 5, 2018 | Shariah Compliant Deposit Protection Mechanism for Islamic Banking Institutions |
| DPC Circular Letter No.1, 2018 | Monday,October 15, 2018 | Exclusion of Deposits of Various Institutions from Protected Deposits |
| DPC Circular No. 4, 2018 | Friday,June 22, 2018 | Deposit Protection Mechanism for Banking Companies |
| DPC Circular No. 3, 2018 | Friday, June 22, 2018 | Members Institutions of Deposit Protection Corporation (DPC) |
| DPC Circular No. 2, 2018 | Thursday, May 31, 2018 | Declaration of Commencement of Business of Deposit Protection Corporation |
| DPC Circular No. 1, 2018 | Friday,April 6, 2018 | Notification of Board of Directors |