New deposit insurance limit of RM250,000

KUALA LUMPUR: The deposit insurance limit will be increased to RM250,000 per depositor per bank with effect from Friday, Dec 31, 2010 and this will protect 99% of retail depositors in full.

PIDM is the government agency mandated by Parliament to protect depositors against the loss of their funds in the event of a member bank failure.

**we are safe!!!
dont worry that the bank run will happen in Malaysia...

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