Compensation of Depositors

Upon publication of the PMA decision to liquidate a member bank, the PDIC becomes legally responsible for reimbursing insured depositors with that bank.  The PDIC is obliged to compensate depositors in accordance with the specified coverage ceiling.  The coverage ceiling for each depositor is  calculated on all of his/her deposits combined, including interest accrued and benefits earned, on the date of publication of the liquidation decision of the member bank in the Palestinian Gazette.

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