✦ Protecting Kenyan Depositors Since 1985
Your Deposits.
Guaranteed.
Always.
The Kenya Deposit Insurance Corporation provides a safety net for depositors in member banks and financial institutions across Kenya so you can bank with confidence.
KES 500K
Maximum Protected
Per Depositor, Per Institution
200+ Billion
KES in Fund
100%
Claims Paid
Who We Are
Our Mandate
The Kenya Deposit Insurance Corporation (KDIC) is a state corporation established under the Act of Parliament, KDI Act Cap. 487C whose mandate is to provide; Deposit Insurance for member institutions (banks), Liquidate and Wind up troubled banks.
Further, KDIC protects depositors against the loss of all their deposits or bank balance in the unlikely event of a bank failure. To this end, the Corporation provides payments of insured deposits thereby enhancing the confidence of depositors, thus inspiring them to keep their savings within the insured banking and payments system. The Corporation was established in response to challenges presented by banking crises and bank failures in the country.
Since its inception, KDIC has lived up to its mandate in the over thirty years of existence.
The main functions of KDIC are to:
- Provide a deposit insurance scheme for customers of member institutions
- Provide incentives for sound risk management
- Promptly resolve problem banks in order to proactively mitigate any failure
Vision
A reliable, effective deposit insurer and resolution authority.
Mission
To protect depositors and enhance public confidence in the financial system by promoting sound risk management and timely resolution.
Deposit Protection
Reimburse insured depositors up to KES 500,000 promptly when a member institution fails.
Financial Stability
Contribute to the stability of Kenya's financial system by maintaining depositor confidence.
Resolution Authority
Act as liquidator and administrator for failed deposit-taking institutions under the KDI Act.
Financial Literacy
Promote public awareness and understanding of deposit insurance and consumer financial rights.
Portals & Resources
Quick Access
Everything you need to access depositor portals, reporting tools, and information resources all in one place.
Deposit Protection
How Your Deposits Are Protected
Understanding deposit insurance is simple. Here's how KDIC works for you.
Member Institutions Pay Premiums
Banks, microfinance banks, and microfinance institutions contribute regular premiums to the Deposit Insurance Fund (DIF) — building a reserve to protect depositors.
A Member Institution Fails
If a member institution becomes insolvent or is placed under resolution, KDIC is immediately activated as the insurer and resolution authority.
Depositors Are Compensated
Eligible depositors receive compensation of up to KES 500,000 per depositor per institution swiftly and without lengthy legal processes.
KES 500,000
Maximum coverage per depositor per institution
Automatic
Coverage with no registration needed
Free
Deposit insurance with no fee for depositors
52
Member institutions currently covered
KDIC Members
Member Institutions
KDIC insures deposits held at licensed banks, microfinance banks, and microfinance institutions across Kenya.
37
Commercial Banks
14
Microfinance Banks
1
Mortgage Finance
KCB Bank Kenya Limited
Nairobi
Commercial Bank
Equity Bank Kenya Limited
Nairobi
Commercial Bank
Co-operative Bank of Kenya Limited
Nairobi
Commercial Bank
Standard Chartered Bank Kenya Limited
Nairobi
Commercial Bank
NCBA Bank Kenya PLC
Nairobi
Commercial BankStay Informed
News Highlights
Latest news, CEO speeches, and press releases from KDIC.
We're Here to Help
Get in Touch
with KDIC
Have questions about your deposits, coverage, or KDIC's services? Our customer care team is ready to help. Reach us by phone, email, or visit our offices.
Direct Line
+254 709 043 000
Customer Care
customercare@kdic.go.ke
Head Office
17th Floor, UAP Old Mutual Tower, Upper Hill
P.O. Box
P.O. Box 45983 - 00100, Nairobi, Kenya
Office hours: Monday – Friday: 08:00 – 17:00 EAT