Maximum Deposit Insurance for Each Depositor Php500,000
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The PDIC is the statutory receiver and liquidator of closed banks. PDIC takes over banks ordered closed by the Monetary Board; administers closed banks’ assets, records and affairs; and preserves and disposes these assets for the benefit of the creditors and uninsured depositors.

When the Monetary Board orders the liquidation of a bank that has been placed under receivership, its assets are managed, liquidated, and distributed to creditors and uninsured depositors according to the preference and concurrence of credits as provided for by the Civil Code of the Philippines.





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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
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Questions? Need Help? Click Frequently Asked Questions Or contact: Tel. No.: (632) 841-4630/(632) 841-4631
(for Metro Manila depositors)
Fax No.: (632) 817-3566
Email: info@pdic.gov.ph
Depositors outside Metro Manila may call
Toll Free: 1-800-1-888-7342 or
1-800-1-888-PDIC