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000
000 (principal and interest combined) per depositor
Accounts covered under the Scheme include: savings accounts
Deposit insurance coverage
The Deposit Insurance Act (DIA) provides that the JDIC must pay out of the Deposit Insurance Fund in respect of an insured deposit up to the prescribed coverage limit
The maximum deposit insurance coverage limit is J$600
chequing accounts
o Business Account
o Individual Accounts
o Joint Accounts
o Nominee Accounts
o Trust Accounts
per institution.
presently J$600
the ownership categories are:
time deposits and certificates of deposit (CDs).
to every depositor of a member institution in circumstances where the institution fails or is unable to make payment in respect of a deposit.
• For the purpose of deposit insurance coverage
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