• PDIC to continue processing claims of Fil-Agro Rural Bank depositors

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    The Philippine Deposit Insurance Corp. (PDIC) announced that it will continue to receive and process deposit insurance claims from depositors of the closed Fil-Agro Rural Bank at the PDIC Claims Counter, 4 thFloor, SSS Bldg., 6782 Ayala Avenue corner V.A. Rufino Street, Makati City. Claims may also be filed through mail.

    PDIC has conducted the onsite claims settlement operations (CSO) for the closed Fil-Agro Rural Bank at the bank’s premises and completed the CSO on October 15, 2014.

    PDIC sent notices of payment to depositors with aggregate deposits amounting to P5.9 million involving 1,575 accounts. Filing of claims for these accounts with balances of P50,000 and below is waived by PDIC. Meanwhile, PDIC paid 270 claims during the onsite CSO involving 231 accounts for a total amount of P38.4 million deposits.

    As of October 15, 2014, PDIC has yet to receive deposit insurance claims for 821 accounts that require the filing of claims. The total amount of deposits covered by these outstanding accounts is P4.9 million.

    When filing deposit insurance claims, depositors are advised to personally present their duly accomplished Claim Form, original evidence of deposit, and 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, with the Claim Form signed by the parent. Claimants who are not the signatories in the bank records are required to submit an original copy of a notarized Special Power of Attorney. In the case of a minor depositor, the SPA must be executed by the parent.

    The procedures and requirements for filing deposit insurance claims are posted in the PDIC website, www.pdic.gov.ph. The Claim Form 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 Fil-Agro Rural Bank is on September 26, 2016. 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 at pad@pdic.gov.ph. Depositors outside Metro Manila may call the PDIC Toll Free Hotline at 1-800-1-888-PDIC (7342).

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