Such persons will be requested to meet with the relevant DIC officials.
Frequently Asked Questions
- What procedure does the DIC follow after an institution has been closed?
- When must a depositor file a claim?
- In the event of a deposit transfer, how will a depositor know when and where he can withdraw his funds?
- Does deposit insurance protect the interests of creditors other than depositors of a failed institution?
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.
