JDIC's Deposit Insurance Scheme (DIS) ONLY insures deposits held in 11 member institutions.
See the list below.
For more information on how JDIC protects your deposits, visit our website at https://t.co/TKe40XnQqO.
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It is important that depositors conduct adequate research about each financial institutions and the products they offer in order to make informed decisions.
To learn more about your role as a depositor, visit our website at https://t.co/TKe40Xoogm.
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To learn more about the responsibilities of your financial institutions in ensuring your deposits are insured and protected, visit our website at https://t.co/TKe40Xoogm.
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Here are the Government's roles in protecting depositors' funds and maintaining financial stability in Jamaica.
To learn more, feel free to visit our website at https://t.co/TKe40XnQqO
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Can you identify which scenario JDIC protects against?
A. Scamming
B. Bank Theft
C. Bank Failure
Comment below the image that depicts a situation that JDIC protects against.
JDIC Insured Funds - Chequing Accounts
Chequing accounts are your go-to for everyday financial transactions - from receiving salaries to paying bills, and making purchases. They're essential for managing your day-to-day money matters.
JDIC Insures Your Time Deposit!
Time Deposits are savings accounts or certificates of deposit held in a bank or building society for a fixed term.
These accounts are perfect for saving for your financial goals and major life events.
#jdicjam#jdic#timedeposits https://t.co/Z0nyj9gAjI
JDIC Insures Your Savings Accounts
Savings accounts are accounts designed primarily for storing money not needed for daily expenses, offering a safe place to accumulate funds while earning interest overtime.
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JDIC Insures Your Certificates of Deposit!
Certificates of Deposit are savings accounts that hold a fixed amount of money for a fixed period of time at a set interest rate.
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Foreign Currency Accounts are savings accounts that hold currency other than the domestic currency (Jamaican currency).
These accounts provide flexibility to online shoppers, travellers, or for diversifying one's savings.
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๐Steps to download your copy:
1. Visit our website at https://t.co/TKe40XnQqO.
2. Click on the tab, 'Your Knowledge Centre'.
3. Find "JDIC's Financial Education Book-Justin, Justina and the Money Master" and click to view book.
4. Click download to save to your device.
Recap video of JDIC's 25th Anniversary High School Essay Competition Awards Ceremony held at the UWI Regional Headquarters on March 1, 2024.
Special thanks to our guest speaker, Joel Nomdarkham, for his enlightening presentation on shaping 'Future Makers'.
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Check out Governor Michelle W. Bowman speech on โDefining a Bankโ, delivered at the ABAโs 2024 Conference for Community Bankers with discussions focused on sharing perspective on banking and other related financial topics.
https://t.co/1p1RnAy4ka
JDIC's Financial Education Book Launch -"Justin, Justina, and the Money Master".
Through its captivating narrative, the book aims to empower children with the financial knowledge they need to make informed financial decisions from an early age.
#JDIC#jdicjam#JDICFinBookLaunch
Watch the latest episode of Finance Matters on the ministry's YouTube channel. In this episode we are showcasing services offered by our departments and agencies.
https://t.co/38GzItHD5O
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Episode 3: "Financial Influencers"
Join Penny and Johnny in their exciting new journey as financial influencers in the latest episode of JDIC's Financial Literacy Video Series.
#jdic#TheAdventuresofPennyandJDIC#Savings#Budgeting
Episode 2: "The Juice Stand Plan"
In this thrilling episode, Penny shares her understanding of budgeting and saving, and JDIC's role in protecting deposits.
Watch this and other episodes on JDIC's YouTube channel:
๐ https://t.co/WvxObwuEza
The first episode of JDIC's Financial Literacy Video Series: "The Adventure of Penny and JDIC - The Juice Stand Business" ๐น
Watch, like, comment and share on all social media platforms.
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