PIDM wishes to inform the public that it only protects deposits kept in banks and with financial institutions that are member institutions of PIDM. Depositors may check the list of PIDM member institutions at:> https://www.pidm.gov.my/en/for-public/deposit-insurance-system-dis/member-banks/ (for the list of member banks); and> https://www.pidm.gov.my/en/for-public/takaful-and-insurance-benefits-protection-system/insurer-members/ (for the list of insurer members). To limit the risk of misuse, PIDM provides physical copies of its decals and logo only to its member institutions. They are required to be displayed at PIDM member institutions’ premises and offices. To reiterate, PIDM does not protect money that is lost to scams.

Source: The Star May 07, 2021 00:11 UTC