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Maximum Deposit Insurance for Each Depositor Php500,000
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Frequently Asked Questions
Frequently Asked Questions
FREQUENTLY ASKED QUESTIONS   
What is the Philippine Deposit Insurance Corporation (PDIC)?
What is PDIC’s overall mandate?
What are the functions of PDIC?
What is PDIC’s maximum deposit insurance coverage?
What is an insured deposit?
Are all banks members of PDIC?
What types of deposits are insured by PDIC?
Are deposits maintained in branches and subsidiaries of foreign banks operating in the Philippines insured by the PDIC?
Are deposits maintained in Philippine banks with branches outside the Philippines insured by the PDIC?
What specific risks to a bank does PDIC cover?
Shall the depositor pay any insurance premium to PDIC?
How is insurance coverage determined?
Can PDIC insurance coverage be increased by having several accounts in the same name in an insured bank?
If I have deposits in several different insured banks, will my deposits be added together for insurance purposes?
Is there a need for a depositor to file his claim for insured deposit with PDIC?
When should the depositor of a closed insured bank file his claim with PDIC?
What happens when the depositor of a closed bank fails to file his claim within the 24-month period?
How long does it take PDIC to settle a claim for insured deposit?
What processes are involved before PDIC starts servicing claims?
How long does the pre-settlement examination take?
If the deposit account in a closed bank is more than P500,000.00, what happens to the excess of the maximum amount of insured deposit?
PDIC is a government instrumentality created in
1963 by virtue of Republic Act 3591, as amended,
to insure the deposits of all banks. PDIC exists to
protect depositors by providing deposit insurance coverage for the depositing public and help promote financial stability This website is best viewed using Internet Explorer 11
Questions? Need Help? Click Frequently Asked Questions Or contact: Tel. No.: (632) 841-4630/(632) 841-4631
(for Metro Manila depositors)
Fax No.: (632) 817-3566
Email: info@pdic.gov.ph
Depositors outside Metro Manila may call
Toll Free: 1-800-1-888-7342 or
1-800-1-888-PDIC