Thai bank deposit protection cut to THB1 million from Aug 11


BANGKOK (The Nation/ANN): Thailand’s Deposit Protection Agency (DPA) said on Wednesday (Aug 4) that from Aug 11 onwards, it will only provide protection for 1 million baht per account holder instead of 5 million baht.

The new rate will cover 82.07 million account holders at 35 financial institutes, equivalent to 98.03 per cent of all account holders in the banking system,” DPA director Songphol Chevapanyaroj (pic) said.

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