A: All commercial banks licensed under the Financial Services Act (FSA) 2013 and all Islamic banks licensed under the Islamic Financial Services Act (IFSA) 2013, including locally incorporated subsidiaries of foreign banks operating in Malaysia, are member institutions of PIDM. Membership is compulsory as provided under Akta Perbadanan Insurans Deposit Malaysia.
Commercial and Islamic banks which are member institutions of PIDM are referred to as ‘member banks’. Look out for this membership sign at the entrance of your bank branches.
For branch offices of member banks in Peninsular Malaysia
For branch offices of member banks in Sabah
For branch offices of member banks in Sarawak