|FREQUENTLY ASKED QUESTIONS|
|How is insurance coverage determined?|
In determining the insured amount, the outstanding balance of each account is adjusted, such that interests are updated, withholding taxes are deducted, accounts maintained by a depositor in the same right and capacity are added together; and whenever applicable, unpaid loans and other obligations of the depositor are deducted; and in no case shall insured deposit exceed P500,000.
R.A. No. 9576 stipulates that PDIC will not pay deposit insurance for the following accounts or transactions: