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Personal Finance 101: PIDM protecting our savings

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Personal Finance 101: PIDM protecting our savings

Many Malaysians may not know this. Your savings are protected. (Your task is to increase this savings!)

Source of info:

Perbadanan Insurans Deposit Malaysia (PIDM) is a Government agency established in 2005 under Akta Perbadanan Insurans Deposit Malaysia (Akta PIDM). How PIDM protects financial consumers? Briefly, do refer below. It protects financial consumers by protecting deposits and takaful and insurance benefits. Briefly, it meant that PIDM would honour the benefits entitled to us the financial consumers even if the provider of such a product happened to fall into some financial issue.

PIDM says 96% of all depositors are protected in full

Since PIDM protects up to RM250,000 per account, it meant that majority of everyone; 96% have less than RM250,000 in savings. Below shows what PIDM meant.

Good news, PIDM is becoming well-known

My two Malaysian friends working in Hong Kong did not know about PIDM. Well, they may not have been reached by the media employed by PIDM. Perhaps PIDM should also employ me as well because over 25% of traffic comes from overseas. I believe they are Malaysians.

Stats about all the member banks.

Yes, it’s all positive yeah. It meant that banks could continue their role of lending. It means all the banks are rated as healthy. The bad debts are very low as well. Impaired Loans Ratio is less than 1% which is very good by international standard.

Happy understanding about PIDM and also how Bank Negara Malaysia (BNM) remains a very good and well managed institution. Let’s hope this continues.

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Charles Tan The Founder The Writer Kopiandproperty
Charles Tan

Charles is Founder of He writes from his investment experience for the the past 20 years in investments including property, stock, unit trust and more as well as readings and conversations with many property gurus in the industry. is an independent property blog which is not affiliated to any media company, property developer or even real estate agencies.


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