PDIC seeks input on denied claims rule revamp

State deposit insurer Philippine Deposit Insurance Corporation (PDIC) released proposed revisions to Regulatory Issuance No. 2011-03 governing requests for reconsideration of denied deposit insurance claims to proactively gather feedback from banks, depositors, and other stakeholders.

The draft “Revised RI” aims to provide clearer, more consistent, and transparent guidelines so depositors with denied claims can pursue reconsideration through a fair and efficient process.

Key enhancements include expanded coverage to address a wider range of cases; refined, more accessible procedures for filing requests for reconsideration; defined timelines to ensure prompt resolution; and a standardized RFR form aligned with data privacy laws to protect sensitive depositor information.

The draft is available on the PDIC website, and stakeholders are encouraged to email comments and suggestions to rfr@pdic.gov.ph on or before October 15, 2025.

In line with its commitment to transparency and inclusivity, PDIC is conducting public consultations to ensure the revised guidelines reflect stakeholder needs and feedback.

Once finalized, the revised issuance will be officially published and disseminated to the depositing public for their information and guidance in cases of denied claims.

Established on June 22, 1963 by Republic Act 3591, PDIC is attached to 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.