Such persons will be requested to meet with the relevant DIC officials.
Frequently Asked Questions
- Are any other cash liabilities of financial institutions covered?
- Must a claim be filed in person?
- What happens to cheques which are not cleared on a depositor’s account before the business of the institution is closed?
- Will the Corporation offset a deposit balance held by a customer against the balance due on the loan?
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.
