Interest will be paid on an account up to the date of closure of an institution, even if the maturity date of the account is beyond the date of closure.
Frequently Asked Questions
- Who should file a claim if more than one person is authorised to draw on an account?
- Which institutions depositors are insured by the DIC?
- In the event of a deposit transfer, how will a depositor know when and where he can withdraw his funds?
- What methods of payment may the DIC use in meeting its obligations to the depositors of a failed institution?
Did You Know?
- Misconception: Mutual Funds are covered by Deposit Insurance. - Fact: Mutual funds, be they general or issued as a member’s proprietary funds, are NOT covered by deposit insurance.
