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The document provides information about the Philippine Deposit Insurance Corporation (PDIC) and bank deposit insurance in the Philippines. It discusses what PDIC is and its overall mandate to provide deposit insurance coverage and promote stability. All operating banks are required to be PDIC members. Insured deposits are covered up to 500,000 pesos per depositor. There are exceptions like investment products that are not covered. Claims must be filed within 24 months of bank closure and aims to be settled

Author

KIM RODA

Language

EN