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 PIDM, Perbadanan Insurans Deposit Malaysia

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enriquelee
post Jan 27 2014, 10:28 AM

Don't ask for more, ask for COKE
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"The maximum limit of coverage is RM250,000 per depositor per member institution"
Is this mean if we deposit 250k in different bank, it is still cover under PIDM?
enriquelee
post Jan 27 2014, 10:51 AM

Don't ask for more, ask for COKE
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QUOTE(cfa28 @ Jan 27 2014, 10:32 AM)
Yes, the key is to spread your deposits to different Banks if u have so much Money to deposit.
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Understand now.
Haha, no so much money la biggrin.gif

QUOTE(HuiChyr @ Jan 27 2014, 10:38 AM)
This is the weird part.... what if u hv 30million (i don hv la) jst as an example....
Companies/individuals gonna go bankrupt?....
If got RM crisis... in the end ... every Msians gonna be equally rich/poor?
Or.... rich folks and companies gonna dump the RM even more?

what's yr opinions?
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If have 30 million cash sure have various heavy investment la.
Tak kan keep the cash
enriquelee
post Jan 29 2014, 10:31 PM

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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.
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Pre payment for property no need PIDM, right? Since you already own the property.
You mean all the money that people keep in Bank Rakyat is not covered by PIDM?
enriquelee
post Feb 1 2014, 01:40 AM

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QUOTE(HuiChyr @ Jan 29 2014, 11:16 PM)
Bank Rakyat didn't pay premium for the insurance.
If you are a depositor there, go ask them or better yet check PIDM website for members' list.

Yeah, I know what u mean abt the pre-payment thingy. I'm just overly cautious.
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I thought all bankis covered under PIDM.
enriquelee
post Feb 1 2014, 05:03 PM

Don't ask for more, ask for COKE
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From: Atlanta
QUOTE(danmooncake @ Feb 1 2014, 02:53 AM)
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 can't find the fine print in where they say if there is any guarantee or anything like that either.
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