Deposit insurance is payable only when an institution has been closed as a result of action taken by the Central Bank.
Frequently Asked Questions
- Who should file a claim if more than one person is authorised to draw on an account?
- How does the closing of an institution affect interest accruing on a deposit?
- How is a depositor notified that an institution in which he or she has a deposit, has been ordered to be closed?
- When is the Liquidator appointed?
Did You Know?
- Misconception: The uninsured balance, being that portion of deposit/(s) over TT$125,000 for which a certificate was issued, would never be honoured by the DIC. - Fact: A liquidator’s certificate is issued to the depositor by the Corporation for the unsecured balance being that portion of the deposit over TT$125,000. If, the realizations from the disposal of assets net of the subrogated claim of the deposit insurer results in a surplus, then unsecured balances would be …