- Deposit Insurance Coverage
- Payment of Insured Deposits
- Insured Deposits
- Joint Accounts
- Loan Customers
- Making Claims
- Recovery of Uninsured Balances
- Trust Accounts
Frequently Asked Questions
- In the event of a deposit transfer, how will a depositor know when and where he can withdraw his funds?
- Is the depositor required to produce proof of ownership to the DIC or to the transferee institution?
- Can a depositor leave his/her deposit with the transferee institution?
- When is deposit insurance payable?
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.