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RNG Bank Salary Loan Table for DepEd Teachers

Salary Loan Table - RNG Coastal Bank RNG Bank offers salary loan for permanent DepEd teaching and non-teaching staff thru Automatic Payroll Deduction System (APDS). Features: 📍LOW INTEREST RATE 📍LOAN AMOUNT UP TO 500,000 📍5 YEARS MAXIMUM LOAN TERM 📍NO HIDDEN CHARGES 📍NO NEED TO GO TO THE OFFICE A Bank that is built with trust and integrity and committed to provide quality and safe banking services to its existing and future clients, RNG Coastal Bank, Inc . is a banking institution established in the year 1974. The Bank has 15 operating branches in the Visayas, 11 in Cebu and 4 in Bohol. Providing various financial products and services to its clients for almost 50 years, RNG Coastal Bank remains strong and continuously grows its number of branches to reach more Filipinos. Here are the branches of RNG Coastal Bank: RNG Coastal Bank Head Office Cor. Cabancalan Road, Talamban, Cebu City 6000 Labangon Branch Punta Princesa, (Labangon) Cebu City Asturias Branch Poblacion, Asturias, Ce...
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Protect Your Finances: Why DepEd's Fidelity Bond Matters

As a teacher or employee of the Department of Education (DepEd), you may have heard of the term "fidelity bond." But what exactly is a fidelity bond, and why is it important?

Simply put, a fidelity bond is a type of insurance policy that provides protection against financial losses resulting from employee dishonesty, theft, or fraud. In the case of DepEd, the fidelity bond is meant to protect the agency and its stakeholders from any financial harm caused by the dishonest acts of its employees.
Protect Your Finances: Why DepEd's Fidelity Bond Matters
The DepEd fidelity bond is required by law for all of its employees who handle government funds, securities, and property. This means that as a teacher, school principal, or any other DepEd employee who handles financial matters, you are required to be covered by the fidelity bond.

The amount of coverage under the fidelity bond varies depending on the position and level of responsibility of the employee. However, the policy generally covers losses resulting from theft, forgery, embezzlement, or other dishonest acts committed by the employee.

Now, you may be wondering why the fidelity bond is necessary in the first place. After all, most DepEd employees are honest and hardworking individuals who would never think of committing fraud or theft. However, it's important to remember that even the most trustworthy employees can make mistakes or be tempted by financial pressures.

In such cases, the fidelity bond provides a safety net for the agency and its stakeholders. It ensures that any losses resulting from the actions of dishonest employees are covered, thus protecting the financial integrity of DepEd and the public's trust in the agency.

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