June 28, 2018: The DIC recognises that the well-being of the nation’s environment depends on the responsible management of the country’s natural resources; and so we took positive action and joined Members of the Fondes Amandes Community Reforestation Project in their continued effort to protect the natural surroundings.
Frequently Asked Questions
- When is the Liquidator appointed?
- What happens if a depositor expects to be paid an amount that is different from what the DIC pays?
- Are any other cash liabilities of financial institutions covered?
- 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.
