Rules on Computerized Records of Bank Deposits

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PDIC Regulatory Issuance No. 2015-01: Rules on Computerized Records of Bank Deposits

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Title Supreme Court: Rules on Computerized Records of Bank Deposits

Law: Pdic Regulatory Issuance No. 2015-01

Decision Date: Jan 22, 2015

The PDIC Regulatory Issuance No. 01-15 requires member banks in the Philippines to maintain accurate and updated computerized records of depositor and deposit information to facilitate the efficient determination of the PDIC's exposure in insured deposits and enable prompt reimbursement of deposit insurance claims. Violation of this policy may result in administrative fines, civil or criminal liability.

computerized records

bank deposits

member banks

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