State Bank of Pakistan has recently launched “Deposit Protection Mechanism for Banking Companies*” vide DPC Circular No.4 of 2018 dated June 22, 2018, which is effective from July 01, 2018.
Kindly 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 refer below State Bank of Pakistan circulars:
1. Notification of Board of Directors Click Here
2. Declaration of Commencement of Business of Deposit Protection Corporation Click Here
3. Member Institutions of Deposit protection Corporation Click Here
4. Deposit Protection Mechanism for Banking Companies Click Here
*Terms and conditions apply