Frequently Asked Questions
- Which institutions depositors are insured by the DIC?
- How is a depositor notified that an institution in which he or she has a deposit, has been ordered to be closed?
- How quickly will the Liquidator make payments on certificates?
- Is the depositor required to produce proof of ownership to the DIC or to the transferee institution?
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.
