Practice question
For an insured bank ordered closed on or after March 15 2025, what is the ordinary current MDIC as of June 30 2026?
- P 100,000.
- P 250,000.
- P 1 million per depositor, per bank.
- Unlimited for every account.
- P 500,000 permanently regardless of adjustment.
Legal references
- PDIC Charter as amended by RA11840, Sections5 and12–16: https://lawphil.net/statutes/repacts/ra2022/ra_11840_2022.html
- PDIC official Q&A on new MDIC, effective March15 2025: https://www.pdic.gov.ph/files/ccd/Q%26A%20on%20the%20New%20MDIC.pdf
- PDIC official insured-deposit guidance, June13 2025: https://chs.pdic.gov.ph/hc/en-us/articles/47915865936153-Estimated-Insured-Deposit
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