News & Events

The JDIC thanks all the participants in our recently concluded Online Android Financial Education Competition/Game and congratulates all the winners! Your hard work and dedication surely paid off! The JDIC will contact all the winners at their respective schools regarding collection of prizes. The winning students from each...

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....

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.