Frequently Asked Questions
- Which institutions depositors are insured by the DIC?
- Does the borrower’s obligations to the institution continue after the institution is closed?
- Does deposit insurance protect the interests of creditors other than depositors of a failed institution?
- Who should file a claim if more than one person is authorised to draw on an account?
Did You Know?
- Misconception: Placing funds in any instrument offered by a member institution would be covered by the DIC - Fact: ONLY Savings Accounts (including interest), Current Accounts (including interest) and Fixed Deposit Accounts (including interest), inclusive of any outstanding balances due (uncleared deposits) to these accounts, are considered for deposit insurance coverage.
