PDIC Inncreasing the maximum deposit insurance to 1M

The Philippine Deposit Insurance Corporation (PDIC) has announced an increase in the Maximum Deposit Insurance Coverage (MDIC).

Starting March 15, 2025, the MDIC will increase from Five Hundred Thousand Pesos (Php 500,000) to One Million Pesos (Php 1,000,000) per depositor, per bank. This adjustment is intended to enhance the protection for all banking depositors.

With higher deposit insurance, you can grow your savings with even greater peace of mind knowing your money is well protected.