The Deposit Insurance Corporation invites offers to purchase the following property situated at: L.P. No. 40 Upper Hololo Mountain Road, Cascade Description: Two-storey residential property. Tenure: Freehold land. Site Description: The land has an area of 21,511 sq. ft. with frontage of 138 feet. The building has a total floor …

Deposit Insurance Corporation •March 12, 2020Asset Sales, News

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Frequently Asked Questions

Will the Corporation offset a deposit balance held by a customer against the balance due on the loan?
Who should file a claim if more than one person is authorised to draw on an account?
How is a depositor notified that an institution in which he or she has a deposit, has been ordered to be closed?
If a depositor has more than $200,000 (the current insured limit) in a closed institution and is paid $200,000 by the DIC, what happens to the amount in excess of $200,000?

Did You Know?

Misconception: Certificates, deposit books and other documentary evidence of deposits held in a member institution are not relevant to making claims in the event of a failure. - Fact: A claim, supported by appropriate proof, must be made to the Deposit Insurance Corporation before payment of deposit insurance can be made. As such, all information including certificates, deposit books bank statements etc. would be required to facilitate a smooth payout process. See Tips for Depositors.

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