Feb 1 2014, 02:53 AM
QUOTE(HuiChyr @ Jan 28 2014, 11:48 AM)
Thanks for all the feedback.
I just came back from Citibank.
They told me my pre-payment for my property loan is NOT covered by PIDM.
So ppl ... better make sure if your liquidity is covered by PIDM if deposit in banks. Bank Rakyat does not have PIDM coverage.
Bank Rakyat syariah concept is different.. maybe that's why the regulators can't consider them as really Fixed Deposits and they're actually calling it something else.I just came back from Citibank.
They told me my pre-payment for my property loan is NOT covered by PIDM.
So ppl ... better make sure if your liquidity is covered by PIDM if deposit in banks. Bank Rakyat does not have PIDM coverage.
I can't find the fine print in where they say if there is any guarantee or anything like that either.
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