Deposit Insurance Corporation
Welcome
The Deposit Insurance Corporation (DIC) was established by the Central Bank and Financial Institutions (Non-Banking) (Amendment) Act, 1986. The DIC plays a critical role in contributing to the continued stability of Trinidad and Tobago's financial system as a whole. Its main function is to manage a Fund to provide insurance protection for depositors against the potential loss of their deposits should a member financial institution fail.
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Frequently Asked Questions
- Does deposit insurance protect the interests of creditors other than depositors of a failed institution?
- Is the insurance protection increased by placing funds in two or more types of deposit accounts in the same institution?
- What is the insurance coverage on a trust account held under the provisions of an irrevocable express trust?
- Who should file a claim if more than one person is authorised to draw on an account?