The Deposit Insurance Corporation’s Public Policy Objectives highlight the DIC’s role in the protection of depositors and its contribution to the stability of the financial system in Trinidad and Tobago.
Frequently Asked Questions
- Are Mutual Funds insured?
- 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?
- What types of deposits are insured?
- Is the insurance protection increased by placing funds in two or more types of deposit accounts in the same institution?
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.
