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| The tables below provide examples on how deposit insurance coverage is calculated. |
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| En Ahmad has individual accounts in ABC Bank. |
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| En Ahmad (account) |
Conventional (RM) |
Islamic (RM) |
Total |
| Savings |
50,000 |
25,000 |
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| Current |
15,000 |
10,000 |
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| Fixed Deposit |
20,000 |
20,000 |
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| Total Deposits |
85,000 |
55,000 |
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| Total Coverage |
60,000 |
55,000 |
115,000 |
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| En Ahmad's deposit accounts are insured separately for conventional and Islamic deposits. |
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| En Ahmad holds 8 joint accounts together with other persons in ABC Bank, of which 4 are conventional accounts and 4 are Islamic accounts. |
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| Joint Account |
Owners |
Maximum Coverage |
Maximum Coverage |
Total |
| 1 |
Ahmad & Wife |
60,000 |
60,000 |
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| 2 |
Ahmad, Wife & Son |
60,000 |
60,000 |
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| 3 |
Ahmad & Daughter |
60,000 |
60,000 |
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| 4 |
Ahmad, Wife & Daughter |
60,000 |
60,000 |
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| Total Coverage |
240,000 |
240,000 |
480,000 |
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Each joint account is separately insured to the maximum coverage limit of RM 60, 000. |
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| En Ahmad, as trustee, holds trust accounts for his children in ABC Bank. |
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| Beneficiary |
Maximum Coverage |
Maximum Coverage |
Total |
| Son |
60,000 |
60,000 |
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| Daughter |
60,000 |
60,000 |
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| Total Coverage |
120,000 |
120,000 |
240,000 |
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| En Ahmad, acting as trustee for the two beneficiaries, enjoys separate coverage for his son and daughter. |
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| Ahmad Enterprise in ABC Bank. |
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| Ahmad Enterprise (account) |
Conventional (RM) |
Islamic (RM) |
Total |
| Current |
10,000 |
80,000 |
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| Fixed Deposit |
5,000 |
5,000 |
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| Total Deposits |
15,000 |
85,000 |
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| Maximum coverage |
15,000 |
60,000 |
75,000 |
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| Ahmad Enterprise enjoys separate deposit insurance coverage. |
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| © 2008 Perbadanan Insurans Deposit Malaysia. All rights reserved. | |
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