Reconstitutes the Deposit Insurance Scheme for the purpose of providing limited compensation to insured depositors under certain circumstances.
Published Date: 25 July 2011
Deposit Insurance and Policy Owners' Protection Schemes (Effective Date) Notification 2011
Sets out the effective date of the Deposit Insurance and Policy Owners’ Protection Schemes Act 2011. The scheme protects depositors and policy owners in case of a bank or insurer failure.