Deposit Insurance Scheme of Botswana

Know your rights for deposit insurance

Absa Bank Botswana is a member of the Deposit Insurance Scheme of Botswana, which has been established under the Bank of Botswana (Amendment) Act 2022 and operationalised through the Bank of Botswana (Deposit Insurance Scheme) Regulation of 2023. 

The scheme has been set up for the purposes of compensating depositors when a bank or deposit-taking institution is unable to repay its depositors. Only eligible customers (natural persons or legal entities) of the failed member institution can benefit up to a maximum of BWP 250,000. The cover is extended to member banks' customers free of charge.

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