DEPOSIT PROTECTION

DPC is an independent statutory body established by the government of Zimbabwe in terms of the DPC Act (Chapter 24:29) to administer the Deposit Protection Scheme in Zimbabwe. DPC commenced operations on 1 July 2003. Deposit protection is a system that protects all depositors (whether individuals or businesses) against the loss of part or all of their eligible deposits in the event of failure of a contributory institution. The deposit protection system in Zimbabwe is administered by the Deposit Protection Corporation (DPC)... The Deposit Protection Corporation (DPC) is a statutory body previously known as the Deposit Protection Board established on 1 July 2003 in terms of the Banking Act [Chapter 24:20] as read with Banking (Deposit Protection) Regulations, Statutory Instrument 29 of 2003.

Also known as: Deposit Protection Corporation, DPC