Skip to main content

7. Protection of Deposits

Effective from Apr 15 2014 - Apr 14 2014
To view other versions open the versions tab on the right

 i.The DPF shall insure the payment of Deposits held on an Eligible Depositor’s account(s) with a Bank up to the applicable protection limit as determined by SAMA from time to time. However, no financial liability shall be assumed by SAMA as a result of making any such determination;
 ii.The applicable protection limit shall be inclusive of any special commission/ return due or accrued on Deposits up to the cut-off date determined by SAMA.