PDIC set to pay Rural Bank of Labrador depositors

By April 28, 2015Inside News, News

THE Philippine Deposit Insurance Corporation (PDIC) will service the deposit insurance claims of depositors of the closed Rural Bank of Labrador Inc. beginning April 28 and 29, 2015 from 8:00 a.m. to 5:00 p.m. at the bank’s premises located in Poblacion, Labrador.

Those who don’t need to file claims are depositors with valid deposit balances of P50,000 and below, with complete mailing address found in the bank records or updated through the Mailing Address Update Form, and without any outstanding obligation with the bank.

Those required to file their deposit insurance claims are depositors with account balances of more than P50,000, and those with outstanding obligations with the closed Rural Bank of Labrador or with incomplete mailing address, or those who maintain the account under the name of business entities, regardless of type of account and account balance.

The announcement on the claims settlement operations of Rural Bank of Labrador and the procedures and requirements for filing of deposit insurance claims is posted at its office and in the PDIC website,www.pdic.gov.ph.

For more information, depositors may contact the Public Assistance Department at telephone numbers (02) 841-4630 to 31, or e-mail at pad@pdic.gov.ph.  Depositors outside Metro Manila may call the PDIC Toll Free Hotline at 1-800-1-888-PDIC (7342).

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