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.
Frequently Asked Questions
- Are foreign deposits insured?
- What happens to those depositors whose accounts are subject to further examination?
- If a depositor has an account in the main office of an institution and also at a branch office, are these accounts separately insured?
- Can a depositor leave his/her deposit with the transferee institution?
Did You Know?
- Misconception: Deposit insurance can be claimed while the member institution is still continuing in operation. - Fact: Deposit insurance is ONLY activated upon closure of a member institution.