Established in 1998, the Jamaica Deposit Insurance Corporation (JDIC / the Corporation) was created by the Government of Jamaica to protect depositors and promote stability and confidence in Jamaica's financial system. JDIC's primary objective is to…
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000 (principal and interest combined) per depositor
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Accounts covered under the Scheme include: savings accounts
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Deposit insurance coverage
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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
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The maximum deposit insurance coverage limit is J$600
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the ownership categories are:
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time deposits and certificates of deposit (CDs).
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to every depositor of a member institution in circumstances where the institution fails or is unable to make payment in respect of a deposit.
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For the purpose of deposit insurance coverage
Closed until Monday 8:30 AM
Grenada, Kingston 5, Saint Andrew