PIDM

What does PIDM protect financial consumers in Malaysia via?

• Mortgage and Loan Protection System (MLPS)

• Credit Card Protection System (CCPS)

• Investment and Retirement Protection System (IRPS)

• Deposit Insurance System (DIS)

• Takaful and Insurance Benefits Protection System (TIPS)

How much does PIDM protect per depositor per member bank?

• Up to RM500,000

• Up to RM250,000

• Up to RM100,000

• Up to RM1,000,000

What is the primary objective of PIDM?

• To promote financial literacy

• To protect depositors and policy owners

• To maximize profits for member banks

• To regulate the insurance industry

Does a depositor need to apply for deposit insurance protection?

• Yes, by registering with PIDM

• Yes, through their bank

• No, it is automatic for eligible deposits

• Only for deposits above RM250,000

Which types of deposits are protected by PIDM?

• Savings, current, fixed deposits, and certain payment instruments

• Unit trusts and investment products

• Money market deposits

• Bitcoin accounts

Which of the following products is NOT protected by PIDM?

• Gold-related and silver-related investment products

• Fixed deposits

• Unit trusts

• Savings & Current deposits

• Negotiable instruments of deposits (NIDs)

Are Islamic and conventional deposits in the same bank protected separately?

• No, they share the same RM250,000 limit

• Yes, but only for savings accounts

• Yes, each has RM250,000 protection

• No, only Islamic deposits are protected

If a depositor has RM300,000 in savings and RM200,000 in current account in the same bank, how much is protected?

• RM500,000

• RM250,000

• RM300,000

• RM450,000

Are deposits in foreign currency accounts protected by PIDM?

• No, only Ringgit deposits are protected

• Yes, up to RM250,000 combined with Ringgit deposits

• Yes, up to RM500,000

• Only if converted to Ringgit before deposit

Which statement about joint accounts is TRUE?

• Each joint account holder gets RM250,000 protection

• Joint accounts are protected up to RM250,000 collectively

• Joint accounts are not protected

• Joint accounts are protected only if held by family members