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
- Does the borrower’s obligations to the institution continue after the institution is closed?
- In the event of a deposit transfer, how will a depositor know when and where he can withdraw his funds?
- How does a depositor establish an insurance claim?
- 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?
Did You Know?
- Misconception: All financial institutions that take deposits are covered under the Deposit Insurance Fund - Fact: ONLY member institutions that are licensed under the Financial Institutions Act, 2008 are covered under the Deposit Insurance Fund. This legislation provides for the regulation of commercial banks and other institutions engaged in the business of banking and business of a financial nature.
