News & Events

Secondary school students island-wide will now be exposed to the rudiments of the Jamaican financial system through an online android financial education competition/game launched by the Jamaica Deposit Insurance Corporation (JDIC/the Corporation) on Friday January 29, 2016 at the Montego Bay Cultural Centre in St James....

Jamaican depositors will get additional deposit insurance coverage from the new Joint, Trust and Nominee (Accounts) Regulations, gazetted on April 28, 2015. Under the Jamaica Deposit Insurance Corporation’s (JDIC) Deposit Insurance Scheme, the new Regulations provide for separate deposit insurance coverage for the...

Did You Know?

With the establishment of the JDIC and the passing of the Deposit Insurance Act 1998, all depositors of a bank or other insured deposit-taking financial institution that fails will get back up to a maximum of $600,000.

In the past when a bank failed there was no guarantee as to how much the depositors of the failed institution would be refunded.

In light of the number of bank failures of the mid-nineties, the Government recognized the need for a formal system of deposit insurance.

The Jamaica Deposit Insurance Corporation (JDIC) is an independent statutory organization set up by the Government to protect depositors.