MANILA – The Philippine Deposit Insurance Corporation (PDIC) has released proposed revisions to its rules on denied deposit insurance claims to make the process of reconsideration fairer, clearer, and more efficient.

In a statement, the state deposit insurer said the draft revisions to Regulatory Issuance (RI) No. 2011-03—Rules Governing Requests for Reconsideration of Denied Deposit Insurance Claims—aim to establish more consistent and transparent guidelines for affected depositors.

Among the proposed changes are the expanded coverage of the issuance to include a broader range of cases, refined procedures for filing requests for reconsideration (RFR), defined timelines for resolving such requests, and a standardized RFR form that complies with data privacy laws to protect depositor information.

The PDIC said stakeholders, including banks and depositors, are encouraged to submit comments and suggestions through email at rfr@pdic.gov.ph on or before October 15, 2025.

The revisions are part of PDIC’s ongoing efforts to promote transparency and inclusivity through public consultations that ensure the rules remain responsive to stakeholder needs. Once finalized, the revised guidelines will be published and disseminated to inform depositors of their rights and options in cases of denied insurance claims.

Established in 1963 under Republic Act 3591, the PDIC safeguards depositors and helps maintain stability in the country’s financial system. It is an attached agency of the Bangko Sentral ng Pilipinas and a member of the Financial Sector Forum, the Financial Stability Coordination Council, and the Financial Inclusion Steering Committee.