September 21, 2018: As part of this initiative, our Staff transformed the Home’s library area into a multipurpose environment including a homework centre and helped with cleaning activities in and around the premises.
Frequently Asked Questions
- What is the current insured limit?
- If a depositor has more than $200,000 (the current insured limit) in a closed institution and is paid $200,000 by the DIC, what happens to the amount in excess of $200,000?
- What is a Liquidator’s certificate?
- Are any other cash liabilities of financial institutions covered?
Did You Know?
- Misconception: Certificates, deposit books and other documentary evidence of deposits held in a member institution are not relevant to making claims in the event of a failure. - Fact: A claim, supported by appropriate proof, must be made to the Deposit Insurance Corporation before payment of deposit insurance can be made. As such, all information including certificates, deposit books bank statements etc. would be required to facilitate a smooth payout process. See Tips for Depositors.
