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Home FAQ How is a depositor notified that an institution in which he or she has a deposit, has been ordered to be closed?
How is a depositor notified that an institution in which he or she has a deposit, has been ordered to be closed? Print E-mail

When an institution has been closed by the Central Bank and a winding-up order is issued by the High Court, notice will be made through the newspapers, the Official Grazette and any other form deemed necessary to reach affected depositors.

 
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Disclaimer

Please Note: This website is designed to give general information about deposit insurance and should not be relied upon as definitive. The actual deposit insurance coverage provided by BDIC following the failure of a member institution is based on the deposit account records at the failed member institution and is governed by the Deposit Insurance Act.