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Home » ‘Use banks to avert armed robberies’
National Report

‘Use banks to avert armed robberies’

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The DPC is a free deposit insurer, designed to repay depositors in the event of a bank failure. Money to cover these deposits comes from premiums paid by all deposit-taking institutions, interest earned on its investments, borrowings, government grants and funds advanced by the central bank.
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THE Deposit Protection Corporation (DPC) has urged individuals and businesses to use formal banking channels rather than stashing large sums of money at home or business premises to avert armed robberies. DPC, an independent statutory body established under the DPC Act to administer Zimbabwe’s Deposit Protection Scheme, said police reports show a worrying trend of…

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