PIDM Infographic - imoney
Due to a series of very aggressive ads, most Malaysians now know that our bank deposits are insured by the Government in a free insurance scheme administered by PIDM (Perbadanan Insurans Deposit Malaysia) – which protects depositors like you and me against the loss of our deposits (of up to RM250,000) in the event that the bank fails. PIDM may sound unique to Malaysian banks. But the truth is its plans and policies are the same compared to other international banks in terms of deposit insurance and protection. Both commercial and Islamic banks are covered under PIDM. In this infographic, we debunk some pretty common myths and unveil other surprising facts about PIDM. We aim to provide information on its policies and coverage every depositor should know. And in case you haven’t been watching TV, surfed the Net, or read about PIDM lately, it also serves as a refresher course on what PIDM is all about.
