If it is officially declared and stated in their public domain or in the receipt that your money is fully guaranteed by the government, then you have a recourse.
If nothing black and white or just by hearsay and It goes under, the FD receipt is all your have. No recourse whatsoever. Unless  gomen under no obligation decide to bail your banker out.

Fair enough.
Do update this forum if you found the BR's B/W. Will ask TS to list it in the first page as the 4th deposit taking financial institutions with sovereign guarantee after BSN, SSPN and KWSP.

kwsp is the parent of mbsb.

you got the point.what use list bsn,kwsp,sspn dalam page 1.come put semua dalam bsn,ada gomen jamin.

I bot bankers cheq b4 by using physical cash ony

KWSP won't guarantee MBSB as the later is a 64% subsidiary of the former ony

Contributor KWSP money is guaranteed by gov.
But oov never said they guaranteed those company which is majority owned by KWSP.
This is the difference.

MBSB is a company/finance company that owned majority by KWSP or in other word KWSP is a majority shareholder of the company.

A limited company (sdn bhd/bhd) liability doesn't go beyond to the shareholder one. So KWSP has no obligation to guarantee it under ordinary company act.

KWSP owned plenty of company or listed company out there, and is a major shareholder of many company, so you can't say those company are guaranteed by gov, right?

Cash cant buy banker cheque. Cash has to be deposited into saving or current account first then withdraw from either account. Basically BNM want to have a paper trail on sources of money. This was my exerience at Citi bank and Ocbc bank.
If some banks allowed, it is the bank teller own decision.

Just like depositing cash RM20k or bigger amount into UOB bank need to fill in the form to declare sources of fund. Even within the same bank, some tellers follow the rule and some dont. The ruling is there.

BSN falls under DFIA as per BNM

Development Financial Institution Act 2002

yygo, I never thought by merely ignoring a troll question from you could have inflict such emotional distress to you.
Your question in post#854 to me was absurd and foolish thus I chose to ignore you in order to avoid unnecessary exchanges in this thread but unfortunately it made you even more agitated.   
If you care to read all the past FD threads, we discussed about deposit placements in KWSP, BSN, SSPN at length.

Please behave maturely and stop making an up·roar out of small petty thing like what is to be listed in page 1.
Frankly, it doesn't really matter whether it get listed or not. It's entirely up to TS and I doubt TS has time for it.

BTW, I hardly see any valuable post from you pertaining to FD discussion since you active in this thread.
Looking forward to see more meaningful and constructive post from you.

Good...may I know which UOB branch?

Such trivial and petty, is that what you want to argue about ?
You are spamming this thread unnecessarily with foolish reply. I didn't see any post here claiming KWSP n SSPN are banks.
This thread existed long before you joined LYN. We discussed all things about savings and deposit placement and the interest rates. Savings n Deposit placements do not confine only to commercial banks only, non bank DFIs such as BR and BSN are deposit taking FI as well. KWSP n SSPN also taking contribution and deposit that yields returns, thus it is relevant to discuss and compare. Occasionally, we also discussed FD related matters such as priority banking, CASA, fund transfer, etc as and when we touched on these issues. This thread even discussed about bank's red packets designs during CNY season.

So what is your problem actually ?

Please help keep this thread clean from unconstructive spam postings.

So other than OCBC, which banks are giving freebies for 50k FD placement?

interesting, what do they give?

I read post 1 adi, and I am still clueless to be honest. Do u mind shed me some light ? From post 1 the highest rate is HLB but then limited to 30k only and I saw Bank rakyat also gives good rate but unsure how safe it is since it's not PIDM member and the monthly payment thing how it goes. Since my amount is around 400k+ so I am here seeking more advice which 2 bank should I split and put my FD in since one of the forumer quoted only 250k cover for PIDM .

TQ and ur advice is much appreciated. I did search thru the first page for info at first and I am not waiting for spoon feed.

on top of yygo's suggestion...

i'd go for 50:50 split between affin and ocbc (4.2% p.a. for 1 year)

you've been having 400k floating in savings account? no use for it at all? since you're cnsidering FD, i guess you dont need that 400k fund in 1 year time, right?

No worry, cash is clean and genuine. I am a good tax compliance payer
TQ, will go and get more info regarding this 3 bank.
Yes, been floating quite awhile already since I have been busy this few month. Yup, calculated my cash flow needs already. OCBC sounds good, is this rate can get by anyone walk in to the bank , or need nego with officer ?
This is what I wanna ask   , so only  OCBC got free gift ?

Thanks again for all the advice and suggestion, 

Unknown to many, Bank rakyat board rates can be negotiated.

1 year can be had for 4.285% just by asking OTC and there is no minimum amount to get that %.  You just have to wait 3 working days, usually lah, for HQ approval.

BR Jalan Pinang Branch gave me 4.285% for 1 year.

I am too lazy to watch newspapers and see all this 6%, 4.8% and what not promo rates and effective rate is so so only!

and time spend to run to this and to that bank, petrol and time wasted...

BR give less admin headache.

you can get it with the minimum amount required for 1 year FD

does bank's safe really safe?

http://www.thestar.com.my/story/?file=%2f2...9496&sec=nation

Just saw BCC post. Thanks for the update. Anyway, I called up Am Bank, promo rate  available for 9 months FD only. IBG is only 50sen plus GST