Deposit protection
A clear safety net for eligible depositors.
Deposit protection safeguards qualifying deposits when a member institution fails.
What it means
Protection for public confidence and financial stability.
DPC administers Zimbabwe's Deposit Protection Scheme and compensates eligible depositors up to the maximum cover limit prevailing at the time of a member institution closure.
Generally protected
- Eligible deposit accounts held with member institutions.
- Individuals, businesses, and qualifying organisations with protected deposits.
- Deposits held in banks and other deposit-taking institutions covered by law.
Generally not protected
- Interbank deposits and government deposits.
- Securities, unit trusts, debentures, and other investment products.
- Contents of safety deposit boxes and instruments excluded by law or notice.