What Everybody Ought To Know About PIDM [Infographic]

Written by iMoney Editorial

Due to a series of very aggressive ads, most Malaysians now know that our bank deposits are insured by the Government in a free insurance scheme administered by PIDM (Perbadanan Insurans Deposit Malaysia) – which protects depositors like you and me against the loss of our deposits (of up to RM250,000) in the event that the bank fails.

In this infographic, we debunk some pretty common myths and unveil other surprising facts about PIDM. And in case you haven’t been watching TV or surfing the Net for the whole of last year, it also serves as a refresher course on what PIDM is all about.

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