UNVEILING OF PDIC eCALCULATOR. The Deposit Insurance eCalculator was recently launched in commemoration of the 12th Depositor Protection and Awareness Week (June 16-22) during the KABISIG Government Expo and Trade Fair held in SM City Fairview, Quezon City. PDIC President Valentin A. Araneta (standing, 5th from left) led the ceremonial launch of the eCalculator attended by students and faculty members of business schools and representatives from bank branches. The eCalculator is a web-based facility in the PDIC website, www.pdic.gov.ph, that helps depositors compute their insured deposits in banks. Also present during the launch are KABISIG People's Movement Chair Daniel C. Guillen (standing, 4th from left), SM Fairview Mall Manager Mark Sta. Ana (standing, 2nd from right) and PDIC Vice President for Corporate Affairs Jose G. Villaret, Jr. (standing, extreme right).

The Philippine Deposit Insurance Corporation (PDIC) launched the Deposit Insurance eCalculator during the KABISIG Philippine Government Expo and Trade Fair held at the Events Center of SM City Fairview in Quezon City. The launch was undertaken in celebration of the 12th Depositor Protection and Awareness Week (DPAW) commemorated on June 16 - 22 every year.

PDIC President Valentin A. Araneta led the launch ceremonies attended by representatives from colleges, universities and government institutions, as well as representatives from nearby bank branches.

The Deposit Insurance eCalculator is a web-based facility that helps depositors compute their estimated insured deposits given the maximum deposit insurance coverage of P500,000. This is particularly important for depositors with several single and joint accounts in the same bank. It may be accessed through the PDIC website, www.pdic.gov.ph.

In his remarks, President Araneta noted that efforts for the active pursuit for financial literacy and increased awareness on saving are gaining grounds and that the PDIC ably contributes to the national drive of making financial services accessible and affordable to all members of society.

The PDIC was recently named the Deposit Insurance Organization of the Year for 2013 by the International Association of Deposit Insurers in recognition of its significant achievements in three categories, namely: bank resolutions and payouts; compliance to the IADI Core Principles and international participation; and the deposit insurance system improvements.

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