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PHILIPPINE DEPOSIT INSURANCE CORPORATION
Deposits are insured by PDIC up to P1 million per depositor
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MEMORANDUM   
MEMORANDUM NO. 2025–01
TO :ALL BANKS
SUBJECT :

Increase in PDIC Maximum Deposit Insurance Coverage

Effective 15 March 2025, the Maximum Deposit Insurance Coverage provided by the Philippine Deposit Insurance Corporation (PDIC) is increased to One Million Pesos (P1,000,000.00) per depositor, per bank.

Banks are enjoined to download the new Official PDIC Digital Decal from the link below starting 28 February 2025. Upon effectivity of the new MDIC, banks shall prominently display the new Official PDIC Digital Decal in its official website, official social media pages, digital channels, mobile applications, ATMs and other similar machines, and include in its general advertisements and advertisement of deposit products the new Insurance Statement: “Deposits are insured by PDIC up to P1 Million per depositor.”

Banks are likewise enjoined to display the attached Notice to Depositors on the new MDIC in place of the old decals and standees.

For guidance and strict compliance.


(SGD.) ROBERTO B. TAN
President and CEO


27 February 2025


Download the New Official PDIC Digital Decal

Download the Notice to Depositors on the new MDIC

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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