Financial Blog

Effective 15 March 2025, the maximum deposit insurance coverage (MDIC) provided by the PDIC will be increased from P500,000 to P1 million per depositor, per bank. The increase in the MDIC was approved by the PDIC Board of Directors to provide enhanced protection and more confidence for the depositing public.

Deposit insurance is a government policy and financial safety net to protect depositors and help promote financial stability. Depositors do not pay for deposit insurance.

Republic act No. 3591, as amended (PDIC Charter) authorizes the PDIC Board of Directors to adjust the MDIC to an amount indexed to inflation or in consideration of other economic indicators as it deems appropriate. The PDIC Charter also provides that the MDIC is up for review every three years.

This page is your one-stop shop for all information materials related to the new MDIC. Feel free to browse through, download, and/or share these materials so that more people will know about the benefits of deposit insurance under the new MDIC of P1 milllion per depositor per bank https://www.pdic.gov.ph/MDIC