The Deposit Insurance Corporation (DIC) is urging Malawians to store their savings in regulated, licensed financial institutions. In Lilongwe, the DIC made the call during an engagement with the Association of Business Journalists (ABJ), where it sought to address ongoing public hesitation about using formal banking services. The DIC’s message is that keeping money in banks helps protect customers’ funds and strengthens confidence in Malawi’s financial system. The outlets report that the push comes in the context of cash still being widely used outside the banking sector. By encouraging deposits through institutions that fall under regulatory oversight, the DIC says consumers can benefit from deposit insurance arrangements provided within the financial system. The DIC also frames the campaign as part of broader efforts to promote safer savings practices and improve public trust in financial services.