SAN FERNANDO CITY, La Union (PIA) – The Philippine Deposit Insurance Corporation (PDIC) urged depositors of the closed Rural Bank of San Nicolas (Pangasinan), Inc. to file their deposit insurance claims on or before January 22.
Based on the latest PDIC data, deposit insurance claims for 44 deposit accounts with aggregate insured deposits amounting to P468,129.54 have yet to be filed by depositors.
Data also showed that as of November 30, 2023, PDIC had paid depositors of the closed Rural Bank of San Nicolas (Pangasinan), Inc. the total amount of P7.0 million, corresponding to 89% of the bank’s total insured deposits amounting to P7.9 million.
In a statement, the PDIC said that depositors can file their claims either online via e-mail at pad@pdic.gov.ph or through mail addressed to the PDIC Public Assistance Department, Ground Floor, PDIC Chino Bldg., 2228 Chino Roces Avenue, Makati City 1231.
Claims may also be filed personally at the PDIC Public Assistance Center located on the 3rd Floor, SSS Bldg., 6782 Ayala Avenue corner V.A. Rufino St., Makati City, from Monday to Friday, 8:00 AM to 5:00 PM.
The PDIC Charter provides that depositors have until two years from bank closure to file their deposit insurance claims.
The Rural Bank of San Nicolas (Pangasinan), Inc. was taken over by the PDIC on January 21, 2022, after it was ordered closed by the Monetary Board of the Bangko Sentral ng Pilipinas on January 20, 2022.
In filing their claims personally or via postal mail or courier service, depositors are required to submit their accomplished, signed and notarized Claim Form, original Savings Passbook and/or Certificate of Time Deposit and photocopy of one valid photo-bearing ID with depositor’s signature.
Depositors may also file their claims through e-mail, just scan copies or photo images of the signed and accomplished Claim Form, evidence of deposit (i.e., first page of the savings passbook with account name/number and last page with account balance, or the front and back portion of the certificate of time deposit, etc.), and one valid photo-bearing ID with the depositor’s signature should be attached to the e-mail.
The depositors are further advised that additional documents and/or original copies of documents submitted via e-mail may be required by PDIC, as necessary, in the course of the evaluation and processing of claims.
PDIC said that depositors who are below 18 years old should submit either a photocopy of their birth certificate issued by the Philippine Statistics Authority or a duly certified copy issued by the Local Civil Registrar.
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 format of the Special Power of Attorney may also be downloaded from the PDIC website.
The procedures and requirements for the filing of deposit insurance claims are posted on the PDIC website.
PDIC, as a deposit insurer, requires personal data from depositors to be able to process their claims and protects these data in compliance with the Data Privacy Act of 2012.
Depositors who have outstanding loans or payables to the bank will be referred to the duly designated loans officer before the settlement of their deposit insurance claims.
For more information, depositors may call the PDIC Public Assistance Hotline at (02) 8841- 4141, or the Toll-free hotline at 1-800-1-888-PDIC or 1-800-1-888-7342 during office hours.
Depositors may also send an e-mail to the PDIC Public Assistance Department at pad@pdic.gov.ph or private message at the official PDIC Facebook page, www.facebook.com/OfficialPDIC. (JCR/AMB/PIA Region 1)
