Issued by the bank to interbank counterparty to certify that a certain sum in MYR or Foreign Currency has been deposited with the issuing bank. Has a fixed tenor at a specified rate of interest (coupon rate may be fixed, floating or zero). Can be bought or sold to interbank counterparty, but cannot be redeemed before its maturity.
Money withdrawn from your insured deposit(s) is no longer protected by PIDM if transferred to a non-deposit account, e.g. Unit Trust, Bond, Dual Currency Investment (DCI), Floating Rate Negotiable Instrument of Deposit (FRNID), Structured Investment, ASNB, Investment Account-i etc.