2023, June 23. Philippine Deposit Insurance Corporation (PDIC) -
60th Anniversary
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Philippine Deposit Insurance Corporation
(PDIC) - 60th Anniversary
“60 Years of Championing Depositor
Protection and Fostering Financial Stability”
The Philippine Deposit Insurance Corporation
(PDIC) was established on June 22, 1963, by Republic Act 3591 to
provide depositor protection and help maintain stability in the
financial system by providing deposit insurance. Effective June 1,
2009, the maximum deposit insurance coverage is P500,000 per
depositor. All deposit accounts of a depositor in a closed bank
maintained in the same right and capacity shall be added together. A
joint account shall be insured separately from any individually
owned deposit account.
PDIC Charter and has been championing depositor
protection for the past six decades. The Corporation has remained
steadfast and committed to raise the bar of public service
excellence through the years, including being recognized by the
International Association of Deposit Insurers (IADI) as the Deposit
Insurance Organization of the Year in 2013.