Depositors
Deposit Coverage
Understand how KDIC protects your money, what is covered, the KES 500,000 limit, and what happens when a bank fails.
The Basics
How Deposit Insurance Works
KDIC deposit insurance is simple, automatic, and free. Here is exactly how it works for every depositor at a member institution.
Automatic Enrolment
When you open an account at any KDIC member institution, your eligible deposits are automatically insured. No forms, no fees, no registration required.
The Coverage Limit
KDIC insures up to KES 500,000 of your deposits per institution. This limit applies per depositor per institution, not per account.
Funded by Member Institutions
Member institutions pay risk-based premiums into the Deposit Insurance Fund (DIF) on behalf of their depositors. You benefit at absolutely no cost.
Activated at Failure
If a member institution is placed under resolution or liquidation by the Central Bank of Kenya, KDIC is immediately activated to protect and reimburse eligible depositors.
The KES 500,000 Limit Applies Per Depositor Per Institution
If you hold accounts at multiple KDIC member institutions, each institution's deposits are insured separately, up to KES 500,000 at each. Spreading deposits across institutions is one way to maximise your insured coverage.
Eligibility
What KDIC Covers and What It Does Not
Not all deposits and financial products are eligible for KDIC insurance. Check the lists below to understand your coverage.
What KDIC Covers
- Current (demand) accounts
- Savings accounts
- Fixed deposit and call accounts
- Foreign currency accounts (converted at prevailing CBK rate)
- Joint accounts (treated per depositor's share)
- Minor accounts held in trust
- Accounts held by individuals, companies, associations, and cooperatives
What Is Not Covered
- Deposits above the KES 500,000 limit
- Bearer certificates of deposit
- Deposits of other deposit-taking institutions
- Deposits obtained through fraudulent misrepresentation
- Deposits at non-member institutions
- Investments in unit trusts, bonds, or equities
- Insurance policies and pension schemes
What Happens Next
The Claims Process
If a KDIC member institution fails, here is the step-by-step process from regulatory action to depositor payment.
Regulator Acts
The Central Bank of Kenya (CBK) places the institution under resolution, receivership, or liquidation and formally notifies KDIC.
KDIC Takes Over
KDIC is appointed to manage the resolution process and protect eligible depositors under the Kenya Deposit Insurance Act, 2012.
Public Notice
KDIC issues a public announcement through national media with instructions for affected depositors, including the claims portal and deadline.
Submit Your Claim
Eligible depositors submit claims online via the KDIC e-Services portal or in person at designated offices, with valid ID and account details.
Verification
KDIC verifies submitted claims against the failed institution's deposit records to confirm eligibility and the insured amount.
Payment
Verified eligible depositors receive compensation of up to KES 500,000 paid as promptly as possible once verification is complete.
Interactive Tool
Coverage Calculator
Enter your total deposit balance at a single institution to instantly see how much is protected by KDIC and how much, if any, exceeds the KES 500,000 limit.
Interactive Tool
Coverage Calculator
Enter your total deposit balance at a single member institution.
KES 0
Enter an amount to see your coverage
KES 0
No amount exceeds the coverage limit
This calculator is for illustrative purposes only. Coverage is subject to eligibility criteria under the Kenya Deposit Insurance Act, 2012. The KES 500,000 limit applies per depositor per member institution.
Your deposits are protected
Up to KES 500,000, automatically, at no cost to you.
Contact KDIC
Questions about your coverage?
Our customer care team is available to help you understand your deposit insurance coverage and the claims process.