Uganda: Deposit Protection Fund Develops Online System

9 December 2019

The Deposit Protection Fund's call to the public to update their bank accounts details will enable it store their information in a computerised system. This online system is expected to ease payments to depositors in case a bank is closed.

On December 4, the Deposit Protection Fund (DPF) explained that whoever has more than one account in different banks should update all their account details because when one bank they are in gets closed, DPF will use their other accounts to pay back their money.

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