Increase Deposit Insurance and Strengthen PDIC

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Republic Act No. 9576: Increase Deposit Insurance & Strengthen PDIC

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Title Source: Supreme Court: Increase Deposit Insurance and Strengthen PDIC

Law: Republic Act No. 9576

Decision Date: Apr 29, 2009

Republic Act No. 9576 aims to strengthen the mandatory deposit insurance coverage system in the Philippines by increasing the maximum deposit insurance coverage to P500,000 and providing guidelines for the definition of deposit, exclusions from coverage, and the powers and functions of the Philippine Deposit Insurance Corporation (PDIC).

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