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May 27, 2024

20th Depositor Protection and Awareness Week kicks off on June 16

State-run Philippine Deposit Insurance Corp. (PDIC) will lead the nationwide observance of the 20th Depositor Protection and Awareness Week (DPAW) from June 16 to 22, 2022 with the theme, “Deposito sa Bangko, Katuwang sa Pag-asenso.”

This year’s celebration aims to promote the value of financial security through wise saving and responsible banking habits, especially during uncertain times.

These can be developed by consistently setting aside money in banks as savings, regardless of the amount.

To this end, the PDIC plays a very important role as state deposit insurer.

Because of the PDIC’s deposit insurance coverage, Filipinos can be confident to save money in banks, knowing that their money is protected by the PDIC up to P500,000 per depositor per bank.

During the weeklong observance, the PDIC will release information materials highlighting the value of saving money in banks and making wise financial decisions, as well as the corporation’s financial literacy advocacy, through print advertisements, social media graphics and videos, and physical DPAW banners.

Presidential Proclamation No. 358 issued in April 2003 mandates the celebration of DPAW, which supports the strengthening of the country’s banking system through enhanced depositor confidence.

The observance is also a way of supporting the government’s pursuit of sustained economic growth, especially during economic downturns such as at the height of the current pandemic.

The 20th DPAW will culminate on the PDIC’s 59th anniversary on June 22.

To maximize audience reach of all DPAW information materials, PDIC enjoins its member banks and partner-institutions to support the weeklong observance by displaying the physical banner on their premises and by posting the electronic version on their websites, Facebook pages, ATM screens, and LED monitors throughout the week.