Deposit Protection Corporation - Harare

  • Verified
    Listing
Company name
Deposit Protection Corporation
Location
Evelyn House, 26 Fife Avenue/Cnr Blakiston Street, P.O.Box 7390, Harare, Harare, Zimbabwe
View Map
Contact number
+263 4 250900/1
+263 4 252336/460
+263 4 255661/674
Mobile phone
+263 716 801 310
Fax
+263 4 252337
Working hours
  • Monday: 08:00am - 4:30pm
  • Tuesday: 08:00am - 4:30pm
  • Wednesday: 08:00am - 4:30pm
  • Thursday: 08:00am - 4:30pm
  • Friday: 08:00am - 4:30pm
  • Saturday: Closed
  • Sunday: Closed
Company manager John M. Chikura (CEO)
Establishment year 2003
Employees 26-50
E-mail address
Listed in categories
General BusinessInsurance CompaniesBanking EquipmentBanks, Credit UnionsFinancial Activity
Show moreAssociationsGovernment
Banking
deposit insurance
deposit protection
deposit protection corporation
Location map
Company description
The Deposit Protection Fund is established under Section 13 of the Deposit Protection Corporation Act [Chapter 24:29]. The primary objective of the Fund is to compensate depositors in full or in part, for losses incurred in the event of insolvency of a contributory institution. The Fund is vested in and administered by the Deposit Protection Corporation (DPC).
The Corporation commenced operations on the 1st of July 2003, and its primary objective is to provide deposit protection to depositors in institutions licensed to operate banking or finance business in Zimbabwe such as commercial banks, merchant banks, building societies, finance, houses, discount houses, Infrastructural Development Bank and Savings Banks (POSB)..
DPC plays a key role in contributing to the stability of the  
Show more financial system and enhancing depositor confidence in the financial system by establishing a framework for the resolution of failing or failed banks.

Deposit protection is a free service for all bank depositors and no application forms are required as coverage is automatic on account opening.

In the event of a bank failure, DPC will compensate part or all of client’s deposits up to the current limit of $1,000 per depositor per bank. Deposit balances above the insurable amount of $1,000 will be paid through the liquidation process on a pro-rata basis.

Reviews

0 Reviews
0.0
 
Write a Review
This company has no reviews. Be the first to share your experiences!

Questions & Answers

Good day, may i have the email address i can send CVz to for graduate learner-ship program

Verified Business

The accuracy of the company profile for Deposit Protection Corporation is validated by the company owner, representative, or directory administrator.
Registered with us in February 2012
Last update on February 2018

Similiar Page for Your Business?
Make sure everyone can find your business online. Create your dedicated company page on ZimbabweYP - it's simply and easy!

List Your Business

C2024-03-26
BACK TO TOP