The Philippine Deposit Insurance Corp. announced that deposit insurance claims from clients of the closed Rural Bank of Amadeo (Cavite), Inc. may be filed at the PDIC Public Assistance Center, 3rd Floor, SSS Bldg., 6782 Ayala Avenue corner V.A. Rufino Street, Makati City until May 14, 2018. Claims may also be filed by mail.
The Rural Bank of Amadeo, Inc., which was ordered closed on May 13, 2016, has P46.6 million in total estimated insured deposits involving 1,579 accounts. A total of P28 million in insured deposits covering 158 accounts was paid during the onsite claims settlement operations (CSO).
Another P11.3 million was settled through postal money orders sent via registered mail to 1,263 accounts of depositors with balances of P100,000 and below where filing of claims was waived by the PDIC.
As of June 1, 2016, the PDIC has yet to receive deposit insurance claims for P7 million covering 143 accounts. In accordance with the provisions of the PDIC Charter, the last day for filing deposit insurance claims in the said bank is on May 14, 2018. After that date, PDIC shall no longer accept any deposit insurance claim.
When filing deposit insurance claims at the PDIC Public Assistance Center, depositors are advised to present an original evidence of deposit and two valid photo-bearing IDs with signature. When filing claims through mail, the same set of documents, including a duly accomplished Claim Form, must be enclosed. The Claim Form may be downloaded for free from the PDIC website, www.pdic.gov.ph.
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 as an additional requirement, with the claim form signed by the parent.
Claimants who are not the signatories in the bank records are required to submit an original copy of a notarized special power of attorney. In the case of a minor depositor, the SPA must be executed by the parent. The format of the Special Power of Attorney may be downloaded from the PDIC website.
In addition, all depositors who have outstanding loans or payables to the bank have to coordinate with the duly authorized PDIC loans officer prior to the settlement of their deposit insurance claim.
The procedures and requirements for filing deposit insurance claims are likewise posted on the PDIC website.
For more information, depositors may contact the Public Assistance Department at telephone numbers (02) 841-4630 to 31, or e-mail at [email protected]. Depositors outside Metro Manila may call the PDIC Toll Free Hotline at 1-800-1-888-PDIC (7342).