SBP has launched “Deposit Protection Mechanism for Banking Companies*” vide DPC Circular No.4 of 2018 dated June 22, 2018. This shall become 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 visit any Bank Alfalah branch or www.bankalfalah.com or call at 111-225-111.
*Terms and conditions apply
Please see the circular issued by State Bank of Pakistan below: