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
- What types of deposits are insured?
- Does deposit insurance protect the interests of creditors other than depositors of a failed institution?
- In the event of a deposit transfer, how will a depositor know when and where he can withdraw his funds?
- How is a depositor notified of the date and place of payment of his or her claim after an institution is closed?
Did You Know?
- Misconception: Placing funds in different types of deposits such as CDs, Chequing, Savings with the same member institution would increase insurance coverage. - Fact: Deposits held by the same person in the same member institution in the form of CD’s, Chequing and Savings accounts are added together and insured up to a maximum of TT$200,000.
