Benefits of Deposit Protection
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- Benefits of Deposit Protection

Benefits to Depositors:
- Deposit protection ensures that depositors do not lose all of their hard earned savings in the event of failure of a member institution.
- Depositors will know how and when reimbursement of their deposits will be made in the event of failure of a member institution.
- Deposit protection is automatic once a depositor opens an account with an insured institution. No application is required.
- There is no charge to depositors for deposit protection, member institutions bear the cost of deposit protection.
Benefits to the Financial System
- DPC promotes public confidence in the Zimbabwean financial system by protecting depositors against the loss of their deposits.
- Deposit insurance complements the supervisory and regulatory framework by providing incentives for sound risk management in the financial system.
- Deposit protection reduces the likelihood of panic withdrawals and bank runs thereby enhancing stability and confidence in the financial sector.
- Deposit protection contributes to the the stability of the financial system by dealing with bank failures expeditiously and reimbursing depositors promptly
