Frequently Asked Questions
- Must a claim be filed in person?
- What procedure does the DIC follow after an institution has been closed?
- Is the insurance protection increased by placing funds in two or more types of deposit accounts in the same institution?
- How does the closing of an institution affect interest accruing on a deposit?
Did You Know?
- Misconception: Placing funds in any instrument offered by a member institution would be covered by the DIC - Fact: ONLY Savings Accounts (including interest), Current Accounts (including interest) and Fixed Deposit Accounts (including interest), inclusive of any outstanding balances due (uncleared deposits) to these accounts, are considered for deposit insurance coverage.
