All commercial banks licensed under the Financial Services Act 2013 and all Islamic banks licensed under the Islamic Financial Services Act 2013, including locally incorporated subsidiaries of foreign banks operating in Malaysia, are member banks of PIDM. Membership in PIDM is compulsory as provided under the Akta Perbadanan Insurans Deposit Malaysia.
Member banks are required to prominently display this membership sign at the entrance of their branches.
PIDM member banks:
PIDM protects your deposits in the bank as well as your takaful and insurance benefits in the unlikely event of a failure of a member bank or a takaful operator / insurance company.