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Calculation
 

An example of how separate deposit insurance protection would be applied for a depositor holding several accounts in a member bank is provided here:

Depositor

Type of deposit

Amount(RM)

Insured(RM)

Ahmad

Savings

300,000

250,000

Ahmad and wife

Current

300,000

250,000

Ahmad, wife and daughter

Savings

250,000

250,000

Ahmad, Leong & Co. (legal firm)

Current

200,000

200,000

Ahmad & Ali Sdn. Bhd.

Current

50,000

50,000

Total deposits

1,100,000

 

Total deposits protected in aggregate

1,000,000

 
     



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Also In This Section :

What Is Deposit Insurance?

Coverage

Member Institutions

Frequently Asked Questions (FAQs)

Calculation


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