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Deposits are insured by PDIC up to ₱1 Million per depositor
FREQUENTLY ASKED QUESTIONS   

19. What happens when the depositor of a closed bank fails to file his claim within the 24-month period?

All rights of the depositor with respect to the insured deposit shall no longer be honored. However, depositors who failed to file within the prescribed 24-month period may file claims against the assets of the closed bank thru its designated Deputy Liquidator.

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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