The Philippine Deposit Insurance Corporation (PDIC) announced that it will continue to receive and process deposit insurance claims from depositors of the closed Rural Bank of Majayjay (Laguna), Inc. at the PDIC Claims Counter, 4th Floor, SSS Bldg., 6782 Ayala Avenue corner V.A. Rufino Street, Makati City. Claims may also be filed through mail.

The state deposit insurer has already concluded the onsite claims settlement operations for RB Majayjay at its Head Office, Extension Office and Nagcarlan Branch last March 6, 2013.

PDIC sent notices of payment amounting to P8.77 million involving 4,670 accounts with balances of P15,000 and below where the filing of claims is waived by PDIC. Meanwhile, during the onsite claims settlement operations, PDIC paid 1,506 claims involving 1,196 accounts for a total amount of P116.66 million worth of deposits.

As of March 6, 2013, PDIC has yet to receive deposit insurance claims for 1,080 accounts, or 45% of the total number of accounts of 2,400 that require filing of claims. The total amount of deposits covered by these claims is P16.29 million.

Depositors who are below 18 years old should submit either a photocopy of their Birth Certificate issued by the National Statistics Office (NSO) or a duly certified copy issued by the Local Civil Registrar as an additional requirement. Claimants who are not the signatories in the bank records are required to submit an original copy of a notarized Special Power of Attorney of the depositor or parent of a minor depositor.

The procedures and requirements for filing deposit insurance claims are posted in the PDIC website, www.pdic.gov.ph. The Claim Form, Claim Status Sheet, and format of the Special Power of Attorney may also be downloaded from the PDIC website.

In accordance with the provisions of the PDIC Charter, the last day for filing deposit insurance claims in the closed RB Majayjay is on February 9, 2015. After the said date, PDIC, as Deposit Insurer, shall no longer accept any deposit insurance claim.

For more information, depositors may contact the Public Assistance Department at telephone numbers (02) 841-4630 to 31, or e-mail at pad@pdic.gov.ph.

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