Please be guided on the following:

The filing of Regular/First Certified Statement and remittance of corresponding assessment due PDIC, for the semester ending 30 June 2010 shall be on or before 30 July 2010. The semi-annual assessment due shall be computed as the average balance of deposits as of base days 31 March and 30 June 2010, multiplied by ½ of 1/5 of 1%, but in no case shall the semi-annual assessment be less than P5,000.00.

Member banks may opt to remit payment of assessments to PDIC through any of the following manner:

1. Over-the counter at PDIC

   The assessment can be paid either in cash, Metro Manila or any regional clearing check, manager’s/cashier’s check, demand draft, or Philippine Postal Money Order (PPMO). Out-of-town checks shall not be accepted as payment. Checks shall be made payable to the Philippine Deposit Insurance Corporation (PDIC).

   Metro Manila-based banks paying directly to PDIC are enjoined to remit payments to the Treasury Department of the PDIC on or before 11:00 A.M. of 30 July 2010.

   Over-the counter remittance shall be made at:

   The Treasury Department Philippine Deposit Insurance Corporation 8th Floor, SSS Makati Building Ayala Avenue corner V. A. Rufino Street Makati City 1226

2. Via Mail

   The assessment remittance may be mailed to the following address:

   The Treasury Department Philippine Deposit Insurance Corporation 8th Floor, SSS Makati Building Ayala Avenue corner V. A. Rufino Street Makati City 1226

3. Payments through Real Time Gross Settlement (RTGS)

   Banks availing of this facility are enjoined to remit their payments on or before 12:00 noon of 30 July 2010. Please refer to the attached procedures on remittances via RTGS (Annex A).

4. Payments through LBP

   The following LBP Branches shall accept assessment remittances either in the form of cash, manager’s/cashier’s checks, local checks, on-us checks or through fund transfer to PDIC Clearing Account No. 1782-2220-97 via the online collection system. Demand drafts and out-of-town checks shall not be accepted as payment under this facility.

   1. For banks with head offices located within Metro Manila:

      LBP- Pasong Tamo Branch G/F, King’s Court Building II #2129 Pasong Tamo cor. Dela Rosa Sts. Makati City

   2. For banks located outside of Metro Manila area:

      All LBP Servicing branches and offices

      Please refer to the attached procedures on the assessment remittance through LBP (Annex B).

   Interest and penalties shall be imposed on banks that fail to remit the assessment on the abovementioned deadline, in addition to the remedies and sanctions under RA 3591, as amended.

   For strict compliance.

23 July 2010

Downloadable Attachments:

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¹ Procedure for Filing of Regular Certified Statement and Payment of Assessment
² Amendments to Provisions in Part III (Assessments) of the PDIC Rules and Regulations, as amended
³ Further Amendments to Part III (Assessments) of the PDIC Rules and Regulations, as amended