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What’s covered?

KDIC is mandated to provide insurance cover for deposit accounts up to a maximum of Kshs. 100,000.00 per depositor of a member institution. Where a depositor has more than one account in an institution, all the accounts are consolidated and paid up to a maximum insured sum of Kshs. 100,000.00.


Accounts covered include:

  • Current Accounts
  • Savings Accounts
  • Fixed Deposit Accounts
  • Foreign Currency Deposits
  • How to claim for your deposits

Depositors are required to fill a proof of debt claim form which can be accessed from the KDIC website.

  • Duration of payment is two years from date of commencement of the payment.
  • Liabilities owed to the institution shall be offset up to the extent of the insured deposit.

How a depositor recovers deposits in excess of the insured amount of KShs.100, 000

A deposit in excess of Kshs. 100,000.00 is paid as liquidation dividend after the liquidator has recovered sufficient funds from the sale of the institution’s assets and recovery of debts.

In the unlikely event of a failure, KDIC guarantees payment of up to a maximum of Kshs.100, 000.000 (USD 1000) per depositor irrespective of the number of deposit accounts held in the institution. Depositors should obtain, fill and lodge claim forms issued at the KDIC offices at CBK Pension House, Harambee Avenue, 2nd Floor, and Monday to Friday between 9.00 a.m. and 3.00 p.m. The claim form may also be downloaded from the download section

The claim form should specify the combined value of all accounts held by the depositor in the institution under liquidation and claim forms for account balances exceeding Kshs 100,000.00 should be attested by a Commissioner for Oaths.

The depositor should attach the following documents to the claim form:

Individual depositors

  • Copy of ID or Passport
  • Account statement, if any
  • Original Fixed Deposit Receipt in case of a time/fixed deposit
  • Passbook or cheque book or ATM card
  • Any other proof of claim


Companies, Registered Business Firms and other corporations

  • Copy of certificate of incorporation.
  • Letter of Authority to make the claim signed by the authorized signatories as per the mandates held by the institution.
  • Original Fixed Deposit Receipt in case of a time/fixed deposit
  • Passbook or cheque book or ATM card
  • Any other proof of claim

As the “Liquidator” of the failed bank, KDIC pays insured deposits up to the insured limit. After paying the insured deposits, KDIC assumes the task of recoveries, realizing viable assets of the failed bank and settling its debts, including claims for excess of the insured limit. As at 30th June 2016, Kshs. 9,027.38m had been declared to Depositors and Creditors of institutions in liquidation.

Currently Trust Bank Ltd. (I.L.) is paying out a 6th liquidation dividend to its Depositors and Creditors. The one year payment period commenced on 2nd December 2016.