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KARACHI: The Deposit Protection Corporation (DPC), a subsidiary of the State Bank of Pakistan (SBP), has doubled the coverage for all eligible depositors of its member banks to Rs1 million per depositor per bank.
This was the second upward revision in coverage by DPC within six years of its establishment, the DPC disclosed in its annual report for 2024-25, issued on Wednesday.
According to the report, in terms of statistics, as of June 30, 2025, there exist 91.78 million depositors of all scheduled banks, out of which 90.83m are eligible depositors, and their deposits are protected up to the extent of the current protected deposit amount of Rs1m per depositor per bank, as specified by the corporation.
It also highlights that the deposit protection fund has surpassed Rs200 billion, reflecting DPC’s strong financial footing to fulfil its mandate.
