Most of us keep our money in the bank. It's safe, secure and helps our money grow.

But who protects our money in the bank?

PIDM lah!

Your money is protected by PIDM's Deposit Insurance System (DIS) when you open an account with our member bank so you can have continued access to your money!

How much do i need to pay to get this protection?

It's FREE, automatic and you don't have to apply for it!

Who AreOur Members?

Do you know if your bank is a PIDM Member?

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
But not all financial institutions are our members. Click here to find out

What'sProtected and Not Protected

If you have money in any of these accounts at a PIDM member bank, you're already covered!

Savings accounts
Fixed deposits
Current accounts
Islamic deposit accountss
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 My Money is Protected?

Your deposits are insured up to

RM250,000 per depositor, per member bank.

If you have less than RM250,000, you will be fully protected .
If you have multiple accounts in one member bank solely under your name, the total amount overed is capped at RM250,000.
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RM250,000

Joint and trust accounts, and
accounts held under sole proprietorships, klll partnerships, professional practices and companies.
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RM250,000

Not sure how the protection works? Let us show you!

Same member bank, multiple accounts
Different member banks
Individual + joint account
Conventional + Islamic
Individual + companies + partnership
Trust account

Still not sure how DIS work?

Here's a video to help you understand better

What Should You DoIf Your Bank Fails?

Do Nothing

PIDM will take action to ensure that you can still have access to your money.

However, IF the bank has to closed down, you don't have to worry either - there is no need to apply or submit a claim or make any payment in advance.

PIDM will notify you immediately based on the records kept with the affected member bank and make sure you get your money back up to the protected limit. Make sure you update your personal details in the bank!

But not all financial institutions are our members. Click here to find out

So, right now

what can i do as a financial member

As a smart financial consumer, what you can do is make sure to update your personal details with the insurance company or takaful operator regularly to ensure smooth communication later when needed.

Why PIDM Protection

Matters?

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 uninterrupted access to your money. So go ahead and bank with confidence because PIDM has got you covered!

Read more in our FAQ: About PIDM Deposit Insurance System (DIS)