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
- Who should file a claim if more than one person is authorised to draw on an account?
- Will shareholders of an institution receive any part of their investment before depositors’ claims are satisfied?
- What methods of payment may the DIC use in meeting its obligations to the depositors of a failed institution?
- If two or more persons, for example a husband and wife, have, in addition to the individually owned accounts of each, a valid joint account in the same insured institution, is each account separately insured?
Did You Know?
- Misconception: The Deposit Insurance Corporation (DIC) is empowered to close a member institution. - Fact: A member institution licensed under the Financial Institutions Act, 2008 can only be “closed by or with the approval of The Central Bank of Trinidad and Tobago as a result of financial difficulties.”
