The Deputy Governor of the State Bank of Pakistan has warned depositors that only amounts up to five lakh rupees are legally protected in banks in Pakistan. Here's what depositors can do to protect their savings.
The deputy governor of the State Bank of Pakistan has warned depositors that only amount up to Rs0.5 million are legally protected in banks in Pakistan.
In a briefing to the Senate Standing Committee on Finance on Wednesday, the deputy governor said that 94% of account holders in Pakistan have deposits of less than Rs0.5 million while only 6% have deposits of more than it.
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