|FREQUENTLY ASKED QUESTIONS|
|What is the Philippine Deposit Insurance Corporation (PDIC)?|
PDIC exists to protect depositors by providing deposit insurance coverage for the depositing public and help promote financial stability.
PDIC is a government instrumentality created in 1963 by virtue of Republic Act 3591 to provide depositor protection and promote financial stability. It is an attached agency of the Department of Finance.
The PDIC’s core mandates are deposit insurance and liquidation of closed banks.
The PDIC prides itself as a professional, committed and responsive public service institution and a champion in governance. It is a socially responsible corporation which advocates to empower every Filipino through financial literacy.