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Notice on the Establishment of Deposit Protection Corporation by State Bank of Pakistan

2020-12-31

Dear Customers,

In order to enhance the depositors’ understanding of the deposit protection mechanism and in accordance with the requirements of State Bank Pakistan (SBP). Our bank hereby inform that:

SBP has set up Deposit Protection Corporation (DPC) in 2016 to provide protection for small depositors of commercial banks operating in Pakistan. An amount of Rs. 250,000/- (Rupees two hundred fifty thousand only) per depositor per bank has been determined by DPC as the guarantee amount. The subject protection mechanism for compliance by banking companies is effective from July 01, 2018.For knowing more information about DPC, please visit official link https://www.sbp.org.pk/dpc

Bank of China Pakistan Operations
31th December 2020

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