Jamaica Deposit Insurance Corporation

News & Events

Access to Information National High School Essay Competition

The Access to Information Unit and the Access to Information Advisory Stakeholder Committee invite all High School students in Jamaica in third to sixth forms to write a 2500 word essay on the topic:
" The Access to...

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.