Do you knowif your bank is a Member Bank?
All commercial and Islamic banks in Malaysia are automatically members of PIDM.
Just look out for the PIDM membership sign
List of PIDM Member Banks
List of PIDM Member Banks
But not all financial institutions are our members.
Click here to find out
What is Protected Under The Deposit Insurance System
If you hold any of these products at a PIDM member bank, you are already protected.
Savings accounts
Fixed deposits
Current accounts
Islamic deposit accounts
Foreign currency deposits
Bank drafts, cheques, other payment instructions or instruments made
against a deposit account
But not all financial products are protected by PIDM.
Find out more
How Much of Your Deposit is Protected?
Your deposits are protected up to
RM250,000 per depositor, per member bank.
If you have RM250,000 or less, you will be fully
protected.
If you have multiple accounts in one member bank solely under your
name, the total amount protected iscapped at RM250,000.
You will enjoy separate protection if you have both aconventional deposit account and an Islamic account.
Business accounts under sole proprietorships, partnerships, professional practices, and companies are also provided withseparate protection.
Click the examples below for more information
Still not sure how the Deposit Insurance System works?
Here's a video to help you understand better
What Should You Do If Your Bank Can No Longer Operate?
DO NOTHING
PIDM will ensure continuous access to your money
If your bank can no longer operate, you don't have to worry. PIDM will take action to ensure that you can still have access to your money.
What if the bank has to be closed down?
You still don’t have to worry. PIDM will reimburse you up to the protected limit based on your records with the bank. You don’t have to apply or submit any claim.
Discover PIDM's Resolution Authority Role.
Learn More
So, What Can I Do
Right Now?
Speak to your bank to understand which products are protected by PIDM. Keep your personal details updated with your bank to ensure a smooth reimbursement process, if the need arises.
Why Does PIDM Protection
Matter?
Your peace of mind is our priority.PIDM ensures that your hard-earned money is protected, even when your bank can no longer operate. You can always count on us for continued access to your money. So go ahead and bank with confidence because PIDM has got you covered!
