PDIC starts payout of deposit insurance claims

Wednesday, February 22, 2012

THE Philippine Deposit Insurance Corporation (PDIC) announced that it started paying deposit insurance claims of depositors of the closed Rural Bank of Calubian (Leyte) Inc. Wednesday.

The claims settlement operations (CSO) are being held at the bank’s premises located in Sta. Filomena St., Barangay Espinosa, Calubian, Leyte and will continue until February 28.

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PDIC advised depositors to proceed to the bank premises on their appointment dates. The appointment date refers to the priority number given to the depositor and the schedule when the PDIC representatives will service the depositor’s claim.

The schedule of appointment dates has been posted in the bank’s premises and at the PDIC website at www.pdic.gov.ph.

Earlier, PDIC started mailing the Notice of Payments to depositors with valid accounts with balances of P10,000 and below.

The filing of claims for accounts with balances of P10,000 and below is waived, when the depositor has no outstanding obligation with the bank, has no other deposits with the bank with balance of above P10,000 and has complete mailing address found in the bank records.

Depositors with account balances of P10,000 and below who have not received their Notices of Payment may proceed to RB Calubian during the CSO.

PDIC advised depositors to bring on their appointment dates their accomplished Claim Form, Claim Status Sheet (CSS), original evidence of deposit, and original and photocopy of two valid IDs bearing the signature of the depositors.

Depositors below 18 years old are required to submit a photocopy of their Birth Certificates issued by the National Statistics Office (NSO) or duly certified copies from the Local Civil Registrar.

Claim Forms and Claim Status Sheets may also be downloaded from the PDIC website.

In case the claimant is not the signatory in the bank records, an original copy of a notarized/authenticated Special Power Attorney (SPA) issued by the depositor or parent of minor depositor is required.

Claims with complete documentation will be processed and paid onsite. Depositors who lack supporting documents will be requested to submit the necessary documents before they are paid.

Depositors who may be issued Priority Numbers beyond the duration of the CSO may still file their claims with the PDIC representatives during the onsite CSO. However, their claims will be processed at the PDIC-Home Office in Makati City and notices of payment will be sent through mail.

Depositors who fail to file their claims within the duration of the CSO may submit their claims starting March 9 either through mail or personally during office hours at the PDIC, 4/F SSS Building, 6782 Ayala Avenue, Makati City.

Depositors of RB Calubian have until December 16, 2013 to file their claims. Beyond the deadline, PDIC, as deposit insurer, will no longer accept any claim for insured deposits.

PDIC assured depositors that it will pay all valid deposit insurance claims as soon as possible. (PR)