RBI Deputy Governor M Rajeshwar Rao indicated the need for periodic increases in the deposit insurance coverage limit due to factors such as inflation and income growth. He noted that 97.8% of ...

An account-sharing service designed to extend the limits of government deposit insurance has doubled its coverage to $10 million for a single customer by expanding the number of participating banks.

As of April 1, 2024, the Federal Deposit Insurance Corporation (FDIC) has implemented significant changes to its insurance coverage limits, particularly affecting trust accounts.

Key increases in Deposit Insurance Coverage: Deposit Money Banks (DMBs) coverage has jumped from N500,000 to N5,000,000, providing full coverage for 98.98 percent of depositors compared to the ...

CEBU CITY — Boosting public trust in the banking system, the Philippine Deposit Insurance Corp. (PDIC) has confirmed it is raising its maximum deposit insurance coverage (MDIC) from P500,000 to ...

Customers of Microfinance Banks (MfBs) will receive deposit coverage from N200,000 to N2,000,000, offering full protection for 99.27 per cent of depositors.