The Philippine Deposit Insurance Corporation (PDIC) announced that it will continue to receive and process deposit insurance claims from depositors of the closed Rural Bank of Tagaytay (Cavite), Inc. at the PDIC office located at SSS Bldg., 6782 Ayala Avenue corner V.A. Rufino Street, Makati City.

The state deposit insurer has already concluded the claims settlement operations (CSO) for RB Tagaytay held at the bank’s head office located at 322 Gen. Emilio Aguinaldo Highway, Brgy. Maitim 2nd, Tagaytay City, Cavite from November 14 to 28, 2012.

As of November 30, 2012, PDIC has yet to receive deposit insurance claims for 1,294 accounts, or 44% of the total number of accounts of 2,943. Earlier, PDIC had sent notices of payment amounting to P1.16 million involving 952 accounts with balances of P10,000 and below and covered by the waiver of the requisite filing of claims. Meanwhile, during the onsite claims settlement operations at the bank’s premises, PDIC has paid a total of P98.63 million for 671 accounts.

In filing their deposit insurance claims, RB Tagaytay depositors are advised to proceed to the PDIC Claims Counter located at 4th Floor of the PDIC office.

When filing deposit insurance claims, depositors are advised to personally present their duly accomplished Claim Forms and Claim Status Sheets, original and photocopy of the evidence of deposit, and original and photocopy of two (2) valid photo-bearing IDs with signature of the depositor. Depositors may also file their claims through mail and enclose the same set of document requirements.

Depositors who are below 18 years old should submit either a photocopy of their Birth Certificate issued by the National Statistics Office (NSO) or a duly certified copy issued by the Local Civil Registrar as an additional requirement. Claimants who are not the signatories in the bank records are required to submit an original copy of a notarized Special Power of Attorney of the depositor or parent of a minor depositor.

The procedures and requirements for filing deposit insurance claims are posted in the PDIC website, www.pdic.gov.ph. The Claim Form, Claim Status Sheet, and format of the Special Power of Attorney may also be downloaded from the PDIC website.

In accordance with the provisions of the PDIC Charter, the last day for filing deposit insurance claims in the closed RB Tagaytay is on September 22, 2014. After said date, PDIC, as Deposit Insurer, shall no longer accept any deposit insurance claim.

For more information, depositors may contact the Public Assistance Department at telephone numbers (02) 841-4630 to 31, or e-mail [email protected].

The Philippine Deposit Insurance Corporation (PDIC) was established on June 22, 1963 by Republic Act 3591 to provide depositor protection and help maintain stability in the financial system by providing permanent and continuing deposit insurance. Effective June 1, 2009, the maximum deposit insurance coverage is P500,000 per depositor. All deposit accounts by a depositor in a closed bank maintained in the same right and capacity shall be added together. A joint account shall be insured separately from any individually-owned deposit account.

PDIC news/press releases and other information are available at the website, www.pdic.gov.ph.

Corporate Communications Dept.

Tel: (O2) 8414637 / Fax (02) 8414833

Trunkline: (02) 8414000

Email: [email protected]