Estimate the insured deposits

The PDIC was established by the provisions of presidential decree No. 7 of 2013, which was approved by the President on 29/5/2013. The PDIC is a public benefit corporation located in Jerusalem; it may be temporarily located elsewhere and the Board of Directors may open branches, as it deems necessary. The PDIC has a legal and civil personality and administrative and financial independence, including contracts, borrowing and obtaining movable and immovable funds to realize its goals. All banks licensed in Palestine by the PMA that accept deposits, including Islamic banks, are subject to the provisions of the law relating to the PDIC.

PDIC presents the method of compensation calculation of the insured depositors, and determined what is insured or uninsured deposits or accounts, with an estimated insured value of the deposit after deducting the value of the obligations on each applicant in order to obtain the net value of which will be compensated. PDIC also, calculate the insurance coverage for personal accounts for deposits held by people in individual accounts or joint accounts, as well as include the accounts of companies and associations.

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