PIDM Member Banks - Deposit Insurance System (DIS)

Generally, PIDM's membership comprises member banks and insurer members. The Deposit Insurance System (DIS) is a system established by the Government to protect depositors against the loss of their insured deposits placed with member institutions in the event of a member institution failure. Commercial and Islamic banks that are member institutions of PIDM are also referred to as 'member banks'. Be sure that you are aware of the eligibility protection of deposits under DIS category.

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 banks of PIDM. Membership in PIDM is compulsory as provided under the Akta PIDM.

Member banks are required to prominently display the membership sign at the entrance of their branches.

The following is the list of PIDM member banks:

1. Commercial Banks

• Affin Bank Berhad
• Alliance Bank Malaysia Berhad
• AmBank (M) Berhad
• Bangkok Bank Berhad
• Bank of America Malaysia Berhad
• Bank of China (Malaysia) Berhad
• Bank of Tokyo-Mitsubishi UFJ (Malaysia) Berhad*
• BNP Paribas Malaysia Berhad*
• CIMB Bank Berhad
• Citibank Berhad*
• Deutsche Bank (Malaysia) Berhad*
• Hong Leong Bank Berhad
• HSBC Bank Malaysia Berhad
• Industrial and Commercial Bank of China (Malaysia) Berhad
• India International Bank (Malaysia) Berhad
• J.P. Morgan Chase Bank Berhad
• Malayan Banking Berhad
• Mizuho Bank (Malaysia) Berhad (formerly known as Mizuho Corporate Bank (Malaysia) Berhad)
• National Bank of Abu Dhabi Malaysia Berhad
• OCBC Bank (Malaysia) Berhad
• Public Bank Berhad
• RHB Bank Berhad
• Standard Chartered Bank Malaysia Berhad
• Sumitomo Mitsui Banking Corporation Malaysia Berhad
• The Bank of Nova Scotia Berhad
• The Royal Bank of Scotland Berhad
• United Overseas Bank (Malaysia) Berhad

*denotes this bank provides Islamic banking services under the Skim Perbankan Islam (SPI). SPI is defined by Bank Negara Malaysia as the Islamic banking scheme provided by licensed institutions to conduct banking business based on Islamic principles.

2. Islamic Banks

• Affin Islamic Bank Berhad
• Alliance Islamic Bank Berhad
• Al Rajhi Banking & Investment Corporation (Malaysia) Berhad
• AmIslamic Bank Berhad
• Asian Finance Bank Berhad
• Bank Islam Malaysia Berhad
• Bank Muamalat Malaysia Berhad
• CIMB Islamic Bank Berhad
• Hong Leong Islamic Bank Berhad
• HSBC Amanah Malaysia Berhad
• Maybank Islamic Berhad
• Kuwait Finance House (Malaysia) Berhad
• OCBC Al-Amin Bank Berhad
• Public Islamic Bank Berhad
• RHB Islamic Bank Berhad
• Standard Chartered Saadiq Berhad

Source: http://www.pidm.gov.my/

If you are still unclear with PIDM, do check out 'PIDM? What is PIDM?'!