The insured limit is a maximum of $200,000 for each depositor in respect of deposits held in each insured institution in each right and capacity.
Frequently Asked Questions
- Are Mutual Funds insured?
- What methods of payment may the DIC use in meeting its obligations to the depositors of a failed institution?
- Will the Corporation offset a deposit balance held by a customer against the balance due on the loan?
- What procedure does the DIC follow after an institution has been closed?
Did You Know?
- Misconception: Beneficiaries under all trust account arrangements are insured separately. - Fact: The interests held by beneficiaries established under an irrevocable express trust account are insured separately up to the maximum TT$200,000 prescribed limit. Additionally, interests in accounts held by the Settlor, Trustee or Administrator of an irrevocable trust account are insured separately from the interests of the beneficiaries named under …
