PDIC promotes bank savings during DPAW

The Philippine Deposit Insurance Corp. will lead the nationwide observance of the 24th Depositor Protection and Awareness Week from June 16–22, 2026, reaffirming its commitment to depositor protection, financial literacy, and public trust in the Philippine banking system.

With the theme “Kapag sa bangko may ipon, handa anumang panahon,” this year’s observance highlights the value of saving in banks to help Filipinos prepare for emergencies and other life uncertainties.

The campaign also reminds depositors that their hard-earned money in banks is protected by deposit insurance of up to PHP 1 million per depositor, per bank.

The maximum deposit insurance coverage took effect March 15, 2025, replacing the previous PHP 500,000 limit.

The annual DPAW observance is held under Presidential Proclamation No. 358, series of 2003, which declared June 16–22 of every year as Depositor Protection and Awareness Week.

PDIC said the observance supports the government’s broader goal of promoting financial inclusion, strengthening depositor confidence, and sustaining economic growth.

To reach more Filipinos, PDIC has encouraged banks, bank associations, and partners in the government and private sectors to share DPAW campaign materials in bank branches, offices, and digital platforms.

PDIC will also roll out digital information materials through online magazine features, social media posts, and media engagements.

Through this year’s observance, PDIC aims to help Filipinos better understand the benefits of keeping their savings in banks and the importance of making informed financial decisions.

More information about DPAW is available on PDIC’s official website.

The Philippine Deposit Insurance Corp. was established on June 22, 1963, under Republic Act No. 3591 to protect depositors and help maintain stability in the financial system.

PDIC is an attached agency of the Bangko Sentral ng Pilipinas and is a member of the Financial Sector Forum, the Financial Stability Coordination Council, and the Financial Inclusion Steering Committee.