State Bank of Pakistan has launched “Deposit Protection Mechanism for Banking Companies*” vide DPC Circular No.4 of 2018 dated June 22, 2018. Deposit Protection Mechanism is effective from July 01, 2018.
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 Deposit Protection Corporation (DPC) as the guarantee amount, which is subject to change from time to time.
For further details please visit nearest AKBL branch or call at 111-000-787.
*Terms and conditions apply
Instructions and regulations issued by Deposit Protection Corporation can be accessed through the following links: