Deposit Protection Corporation (DPC), a subsidiary of the State Bank of Pakistan and established under the DPC Act 2016, has announced the formal launch of its website. Through this website, DPC has embarked upon a more depositor-centric and responsive public awareness programme. The objective of DPC is to provide protection to depositors, especially small depositors in case of a bank failure. At present, DPC provides protection of up to Rs250,000 per depositor per bank to all eligible depositors. Like Business on Facebook, follow @TribuneBiz on Twitter to stay informed and join in the conversation.

Source: The Express Tribune October 21, 2020 03:11 UTC