September 15, 2017: Through collaboration between the DIC and the local chapter of Habitat for Humanity, the walkway around this two-bedroom house was completed. This collaborative effort is in keeping with the DIC’s corporate aspiration of positively impacting the lives of citizens across the country.
Frequently Asked Questions
- Will shareholders of an institution receive any part of their investment before depositors’ claims are satisfied?
- How is a depositor notified that an institution in which he or she has a deposit, has been ordered to be closed?
- What happens to cheques which are not cleared on a depositor’s account before the business of the institution is closed?
- What happens if a depositor expects to be paid an amount that is different from what the DIC pays?
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.