saw this post but macam sudah old. hope can bump up to get some advice/answer.

so one day my mum ask me, if i put fd in a same bank, say 250k herself, 250k with combine name of herself and me, 250k with combine name with herself and other children.

will she get covered for all the amount? or only 250k regardless who she combine with?

if lets say combine name with me put 500k, will we combine protection each 250k to make up total 500k protection, or only 250k out of the 500k is protected by pidm?

of coz she dun have that much money but this is a very good question. hahahaha!!! Thanks all.

Q9: How will I know if my deposits are eligible for deposit insurance protection?
A: PIDM member banks must inform you whether a deposit product is eligible or not eligible for deposit insurance protection before you place your funds with it. All eligible deposit products are listed in a register available at your bank.

These requirements are in line with the Malaysia Deposit Insurance Corporation (Provision of Information on Deposit Insurance) Regulations 2011 to ensure member banks provide accurate, relevant and timely information on deposit insurance protection and coverage.

https://www.pidm.gov.my/en/for-public/soala...ce-system-faqs/