Reduce deposit protection limit “Does not affect the people” 98.03% savings are still protected : PPTVHD36

In the case of depositors in financial institutions under the Deposit Protection Law will receive deposit protection under the Deposit Protection Law inLimit of not more than 1 million baht per 1 depositor per financial institution From 11 Aug. This is the limit set by law. From the current deposit protection limit is 5 million baht.

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Mr. Songpol Chevapanyarot, Director of the Deposit Protection Agency Revealed to reporters at PPTV Channel 36 that

At present, the coverage limit is 1 million baht, with 82.07 million depositors receiving full deposit protection, representing 98.03% of depositors in the entire system. which is considered the majority of the people of the country

And most importantly, the impact is very difficult. Because the bank that accepts the deposit must have a license revoked status. which has a very low chance of happening With financial institutions in Thailand already having a strong financial position. It is also under the supervision of the Bank of Thailand. In the case of a serious crisis, real money For the money that exceeds 1 million baht, the Deposit Protection Agency also has a duty to sell the bank’s assets to bring the money back to the depositors. Therefore, people are asked to be confident and not have to worry.

For those who will receive protection for that deposit It covers both natural persons, juristic persons, Thais and foreigners. Depositing Baht with Thai Financial Institutions under the Deposit Protection Law This includes 18 Thai commercial banks, 12 foreign bank branches, 2 finance companies, and 3 credit foncier companies, especially banks that people use such as Bangkok Bank / Krung Thai Bank / Kasikorn Bank / Siam Commercial Bank, etc. under the Deposit Protection Law So don’t worry at all.

Protected deposits It is divided into 5 types: Savings Deposit / Current Deposit / Fixed Deposit / Certificate of Deposit and Deposit Receipts. unprotected part is a financial product in foreign currency / bonds, debentures / deposits in cooperatives Cashier’s Check, Bill of Exchange / Electronic Money and savings insurance products issued by the insurance company