PDIC Marks 23rd Depositor Protection Week

The Philippine Deposit Insurance Corporation (PDIC) is leading the 23rd Depositor Protection and Awareness Week (DPAW) from June 16 to 22, 2025, with the theme, “Bank Deposit Mo, MAS Protektado.”

DPAW was declared a yearly national observance through Presidential Proclamation No. 358 issued in 2003 to reaffirm the government’s commitment to depositor protection and economic growth.

Central to this year’s observance is the recent increase in the maximum deposit insurance coverage (MDIC) from PHP 500,000 to PHP 1 million per depositor, per bank, which took effect on March 15, 2025.

The PDIC said the adjustment demonstrates its commitment to strengthen depositor protection and reinforce public confidence in the Philippine banking system to support financial stability.

The increase is the first implemented under the amended PDIC Charter, which was approved in 2022 and allows the PDIC Board to adjust the MDIC based on inflation or other economic indicators without requiring Congressional approval.

“This is the first time for the PDIC Board to exercise said authority,” the agency stated.

To broaden public awareness of DPAW, PDIC has engaged banks, bank groups, and government agencies to disseminate campaign materials through their premises, ATMs, social media accounts, and digital platforms.

All DPAW-related materials are accessible via the PDIC website at www.pdic.gov.ph/dpaw.