Dear Valued Customer,
The video aims to inform depositors what would happen in the event PIDM would need to carry out an orderly resolution of a troubled member bank. More importantly, we would like to assure depositors that they should not feel worried should they hear any rumour about their bank as:
- Their deposits are protected by PIDM up to RM250,000 per depositor per member bank
- There are several ways in which PIDM can resolve a troubled member bank to allow depositors to have continued access to their deposits
- Where the resolution option requires PIDM to close a troubled member bank, PIDM will reimburse depositors through several ways
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