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Deposit insurance coverage
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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…
000
,
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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chequing accounts
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o Business Account
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o Individual Accounts
,
o Joint Accounts
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