HOW SAFE IS YOUR MONEY IN THE BANK? 18 things that you need to know about the Deposit Protection Fund of Uganda (DPF)
The DPF is a legal entity created by the Government of Uganda to ensure that depositors are paid their protected deposits in the event of failure of a bank
A bank or deposit-taking institution should be the most secure place to keep your money away from any risk. But from time to time, even these institutions fail, and the Central Bank must close them down to protect depositors money.
Past experiences with closed banks, especially those closed in the 1990s left a bitter taste in many depositors’ mouths. Over time, the government has made efforts
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