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
- What is the current insured limit?
- What methods of payment may the DIC use in meeting its obligations to the depositors of a failed institution?
- If a depositor has an account in the main office of an institution and also at a branch office, are these accounts separately insured?
- Are any other cash liabilities of financial institutions covered?
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.