The Deposit Protection Corporation (DPC) has been established under the Deposit Protection Corporation Act, 2016 as a subsidiary of the State Bank of Pakistan (SBP).
The primary objective of DPC is to protect small depositors for the losses incurred by them to the extent of protected amount, in the event of failure of a bank through establishment of Deposit Protection (DP) Waqf Fund.
The current limit of protected amount for all eligible depositors is up to PKR 1,000,000/- (Rupees one million) per depositor per bank.
All scheduled banks operating in Pakistan are mandatory member institutions of deposit protection scheme.
For more details, please visit www.dpc.org.pk
In terms of Section 7 (3) of the Act, a Shariah-compliant mechanism of deposit protection in respect of Islamic Banking Institutions (IBIs), has been duly approved by State Bank’s Shariah Advisory Committee.
The objective of the Deposit Protection Waqf (DP Waqf) is to provide a Shariah-compliant mechanism for protected depositors of IBIs up to an amount prescribed under Section 7 (1) of the Act.
A DP Waqf is established under this mechanism for protection of depositors of IBIs. The nature of DP Waqf is of an account established by Corporation (DPC) to receive premium contributions from participatory/ member IBIs for the purpose of reimbursement of protected deposits of a failed participatory / member IBI. The DP Waqf shall be represented by the Corporation (DPC) in all its affairs.
Deposit Protection Corporation Act, 2016 Click Here
DPC Circulars
DPC Circular Letter
DPC Circular
DPC Circular Letter
DPC Circular Letter
DPC Circular Letter
DPC Circular Letter
DPC Circular Letter