Maximum deposit insurance coverage: PDIC doubles it to P1M

Maximum deposit insurance coverage: PDIC doubles it to P1M

[Cebu Daily Mail] - 02/28/2025

MANILA, Philippines – The Philippine Deposit Insurance Corp. (PDIC) will double the maximum deposit insurance coverage (MDIC) for bank deposits. In its Memorandum 2025-01 released on Friday, the PDIC said the MDIC would be increased to P1 million per depositor per bank from the current P500,000. (…)



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