Deposit Protection Corporation (DPC) is a wholly-owned subsidiary of the State Bank of Pakistan and established in wake of the DPC Act 2016. Deposit Protection Corporation plays a role in promoting financial stability by sustaining confidence in the banking system. The objective of DPC is to compensate the small and financially unsophisticated depositors to the extent of protected deposits in the unlikely event of a bank failure. DPC steps forwards in the unlikely event of bank failure as notified by the State Bank of Pakistan and compensate its depositors up to the amount as prescribed within 30 days after the notification after adopting the approved procedure of reimbursement.