The Bahamas' Deposit Insurance Corporation (DIC) is a public corporation, established under the Protection of Depositors Act, 1999. The DIC is managed by The Central Bank of The Bahamas. Pursuant to section 4 of the Act, all licensed banking institutions, with Bahamian Dollar deposits, including RBC Royal Bank (Bahamas) Limited, must have membership with the DIC. The DIC insures Bahamian dollar deposits placed with a member institution in any of its branches in The Bahamas. Its primary objective is the protection and support for Bahamian Dollar depositors. The DIC seeks to minimize or eliminate the risk of loss of savings of Bahamian dollar denominated deposits. Each eligible deposit in a member institution is insured up to a maximum of B$50,000 per depositor. The DIC insures both principal and interest for eligible deposits up to a maximum of B$50,000. For more information please visit The Bahamas' Deposit Insurance Corporation's link: http://www.dic.bs/