Font Size: font plus font reset font minus

Home FAQ Are all financial institutions that take deposits are covered under the Deposit Insurance Fund?
Are all financial institutions that take deposits are covered under the Deposit Insurance Fund? Print E-mail

Only member institutions that are licensed under the Financial Institutions Act, 1996-16 are covered under the Deposit Insurance Fund. This legislation provides for the regulation of commercial banks and other institutions engaged in the business of banking and business of a financial nature.

 
bdic

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.