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About Deposit Protection Corporation Zimbabwe
The Deposit Protection Corporation (DPC) of Zimbabwe is an independent statutory body established to administer the Deposit Protection Scheme. It protects depositors against loss in case of bank failure, ensuring financial stability and confidence in the banking system. The DPC covers individual depositors up to US$500 per account and is compulsory for all banking institutions in Zimbabwe[1][3]. Its target audience includes all depositors in Zimbabwe. The unique selling proposition is providing a safety net for depositors, preventing panic withdrawals and maintaining public trust in the banking system[1][3].
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