Perbadanan Insurans Deposits Malaysia (PIDM) fully protects depositors, whether individuals or businesses, holding conventional or islamic deposits, no matter the amount involved. You don’t have to pay for this protection and you don’t even have to apply for it.

Who is PIDM?

PIDM is a goverment agency established under the Akta Perbadanan Insurans Deposit Malaysia 2005 (Akta PIDM) to administer the national deposit insurance system in Malaysia.

What is Deposit Insurance?

Deposit insurance is a system established by the Malaysian Government to protect depositors against the loss of their funds placed with banks in the unlikely event of a bank failure. It is not a commercial of life insurance company.

How does it benefit you?

*PIDM protects your bank deposits
*Deposit insurance is provided automatically to all depositors.
*There is no charge to depositors for this protection.
*PIDM will promptly reimburse depositors should a bank fail.

What is the deposit insurance limit?

The Government of Malaysia announced a temporary deposit guarantee on 16 Octorber 2008 to cover all deposits held in member banks and certain finacial institutions. This guarantee protects deposits fully, no matter the amount involved, until 31 December 2010.

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Understand your need apply for a credit card. One of the disadvantages of modern times is that people cherish to acquire then multiplied things they don’t truly need. Zillion gadgets and services occurred targeting a far-flung bazaar of consumers and this emergence of many inventions somehow blinded tribe.

Since finances—especially money—is one of the uppermost concerns of divers nation, a wide array of cash management services and cash options emerged. One of the most visible among the unending line of fiscal management services expert are is the credit card.

Although numberless nation testify for the budgetary convenience you inspire when you apply for a credit card, sincere doesn’t mean that every financing convenience applies for you or for everybody power that matter.
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Recently sure everyone received email, sms or call for somewhere and request our personal details such as credit card detail,  bank account detail.  Alert from Police Malaysia, try to protect yourself from indentity theft today and don’t be a victim of phishing scams!

What is phishing?

Phishing is a process where scamsters trick you into giving them your user IDs, passwords or credit card details, so that they can gain access to your online banking accounts.

Police alert!
*NEVER respond to any phone call / SMS / email requesting your bank account details
*NEVER reveal your bank account details / ATM PIN / Internet banking password to anyone
*NEVER follow instructions from unknown parties to do banking transactions or make changes to your bank account details
*NEVER be a victim of schemes that sound too good to be true

Victims are known to receive phone calls, SMS or most frequently emails claiming to be from a bank or trading partner, asking them for personal information to re-register or update their accounts. Soon after they’ve provided this information, they usually find that their banking accounts have been cleared out. Read more »

Due to current economic downturn,your personal financial plans should be the first priority in your life.Also start to set your personal financial plans and goals for year 2009.

Personal financial plans is important ,no matter how much or how little we earn.The secret lies on knowing where you are now,where you want to go in the future and figuring out how to get there.

You can make your money stretch futher if you learn how to manage it carefully,such as

*Know what you want to do with your money

*Know where your money goes

*Know your spending habits

*Develop a prudent spending plan

*Spend wisely and within your means

*Save some money for your future

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