MOUs & Memberships

MOUs:

MOU with Jordan Deposit Insurance Corporation, Feb. 2015.
MOU with The Savings Deposit Insurance Fund of Turkey, Oct. 2015.
MOU with Palestine Monetary Authority, Sep. 2016.
MOU with The Moroccan Deposit Insurance Corporation, March 2017.
MOU with the Korea Deposit Insurance Corporation, October 2017.
MOU with Tunisien Caisse des Dépôts et Consignations, November 2017.
MOU with Indonesia Deposit Insurance Corporation, June 2021.
MOU with (Yemen) Bank Deposit Insurance Corporation, September 2021
PDIC is a Member of the Union of Arabic Banks.

Memberships:

PDIC is a member of the International Association of Deposit Insurers (IADI); which is a non-profit organization, incorporating a separate legal entity, domiciled at the Bank for International Settlements in Basel, Switzerland. The Association’s objectives are to contribute to the stability of financial systems by promoting international cooperation and to exchange expertise in the field of deposit insurance. IADI currently represents (85) deposit insurers, (8) associates, and (16) partners.

Currency Exchange Rates 19/04/2024

Currency	Purchase	Sell
USD / NIS
JOD / NIS
Euro / NIS

Q & A

Which banks are member institutions of PDIC?

All commercial and Islamic banks operating in Palestine and licensed by Palestine Monetary Authority (PMA) Membership is compulsory for all banks licensed by the PMA

Does PDIC insure deposits in all currencies?

.PDIC insures deposits in all currencies with coverage limit up to $20,000 or equivalent in other currencies per depositor per member bank

What types of deposits are insured by PDIC?

PDIC insures all types of deposits for individuals, institutions, residents and non-residents, including:

-Current and demand deposits

-Saving deposits.

-Term and subject to notice deposits.

-Joint deposits accounts that belong to more than one person.

Excluding the following deposits:

-Deposits of the government and its agencies.

-Deposits of the PMA

-Deposits between members and other financial institutions

-Cash guarantees within the limits of the amount of guaranteed facilities

-Deposits of related person, in accordance with the provisions of the banking law currently in force.

-Deposits of the auditor of member and/or members of its Sharia supervisory board

-Restricted investment deposits, as determined by the board

Other financial institutions :

-Deposits of insurance companies and reinsurance companies licensed by Palestine Capital Market Authority.

-Deposits of brokerage firms licensed by the Palestine Capital Market Authority.

-Deposits of Specialized lending institution licensed by the PMA.

What is coverage limit of PDIC?

The coverage limit is up to $20,000 (Twenty thousand US dollar) or equivalent in other currencies per depositor per member bank.