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PHILIPPINE DEPOSIT INSURANCE CORPORATION
Deposits are insured by PDIC up to ₱1 Million per depositor
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Frequently Asked Questions
Frequently Asked Questions
FREQUENTLY ASKED QUESTIONS   
14. 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, and, whenever applicable, unpaid loans and other obligations of the depositor are deducted; and accounts maintained by the depositor in the same right and capacity are added together and in no case shall the insured deposit exceed ₱1 million.

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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