Book traversal links for 7. Protection of Deposits
7. Protection of Deposits
Versions (8 versions) |
Effective from Apr 15 2014 - Apr 14 2014
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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. |