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PHILIPPINE DEPOSIT INSURANCE CORPORATION
Deposits are insured by PDIC up to P500,000 per depositor
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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. PDIC is an attached agency of the Bangko Sentral ng Pilipinas.
Questions? Need Help? Click Frequently Asked Questions Trunkline.: (632) 8841-4000
Hotline: (632) 8841-4141
(for Metro Manila clients)
Fax No.: (632) 8841-4085
Email: pad@pdic.gov.ph
Client outside Metro Manila may call
Toll Free: 1-800-1-888-7342 or
1-800-1-888-PDIC