Such persons will be requested to meet with the relevant DIC officials.
Frequently Asked Questions
- How quickly will the Liquidator make payments on certificates?
- How is a depositor notified that an institution in which he or she has a deposit, has been ordered to be closed?
- Are Mutual Funds insured?
- Will shareholders of an institution receive any part of their investment before depositors’ claims are satisfied?
Did You Know?
- Misconception: Certificates, deposit books and other documentary evidence of deposits held in a member institution are not relevant to making claims in the event of a failure. - Fact: A claim, supported by appropriate proof, must be made to the Deposit Insurance Corporation before payment of deposit insurance can be made. As such, all information including certificates, deposit books bank statements etc. would be required to facilitate a smooth payout process. See Tips for Depositors.