KARACHI: The Deposit Protection Corporation, a subsidiary of the State Bank of Pakistan, has announced a major enhancement in financial security for bank account holders by raising the deposit protection limit from Rs500,000 to Rs1 million.
The announcement was made through the corporation’s annual report, confirming that the revised coverage applies to all eligible depositors across scheduled banks in the country.
According to the report, the increase marks the second revision in the protection limit over the past six years, reflecting efforts to strengthen depositor confidence and financial stability in the banking sector.
The data shows that as of 30 June 2025, there were approximately 91.78 million account holders in scheduled banks across Pakistan. Under the updated policy, eligible deposits are now insured up to Rs1 million.
The State Bank of Pakistan noted that the Deposit Protection Fund has grown significantly, surpassing Rs200 billion in size. The corporation provides compensation to depositors in the event of a member bank’s failure, ensuring a safety net for savers.
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