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[av_heading heading=’PDIC to pay depositors of Barotac Viejo rural bank starting March 15′ tag=’h3′ style=’blockquote modern-quote’ size=” subheading_active=’subheading_below’ subheading_size=’15’ padding=’10’ color=” custom_font=”][/av_heading]
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Friday, March 10, 2017
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THE Philippine Deposit Insurance Corp. (PDIC) will service the deposit insurance claims of depositors of the closed Rural Bank of Barotac Viejo (Iloilo), Inc. from March 15 at 16.
From 8 a.m. to 5 p.m., claims of depositors of the head office will be serviced at the bank’s office premises along Zulueta Drive, Barangay Poblacion, Barotac Viejo, Iloilo. Meanwhile, servicing of claims for the Concepcion branch will be conducted in Barangay Poblacion, Concepcion, Iloilo.
Filing of claims is waived for depositors with valid deposit balances of P100,000 and below; who have no obligations with the bank, have not acted as co-makers of these obligations, are not spouses of the borrowers, have updated and complete mailing address in the bank records or through the PDIC-provided Mailing Address Update Form (MAUF), and have not maintained the account under the name of business entities. Postal Money Orders (PMOs) will be sent to the depositors at their respective mailing addresses.
All other depositors, regardless of the type of their account or account balance, have to file deposit insurance claims. All valid claims will be paid.
When filing claims for deposit insurance, depositors have to personally present their Savings Passbook, Certificate of Time Deposit or other evidence of deposit, and two valid photo-bearing IDs with their signature.
Depositors who are below 18 years old should be represented by a parent. For these depositors, a photocopy of the child’s Birth Certificate issued by the Philippine Statistics Authority or a duly certified copy issued by the Local Civil Registrar is required. The parent should sign the Claim Form and other requirements. However, if the claimant is not the signatory in the bank records, the original copy of a notarized or authenticated Special Power of Attorney (SPA) of depositor or parent of a minor depositor is required.
PDIC will not accept claims which are incomplete or lack the requisite documents. The deposit insurer may also require other documents in the course of processing of claims. PDIC reminds depositors to deal only with PDIC authorized officers.
For more information on the payout process and requirements, 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). The procedures and requirements for filing of deposit insurance claims are also posted in the PDIC website, www.pdic.gov.ph. The Claim Form and format of the SPA may also be downloaded free of charge from the PDIC website./PN
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