Deposit Protection Mechanism for Banking companies
Deposit Protection Mechanism for Banking companies
SBP has launched “Deposit Protection Mechanism for Banking companies” vide DPC circular no.4 of 2018 dated June 22, 2018, effective from July 01,2018. Please 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 any Bank of Khyber branch or call at 111 95 95 95
*Terms and Condition apply
Please see the circular issued by state Bank of Pakistan below: