KUALA LUMPUR: The Malaysia Deposit Insurance Corporation Bill 2010 was tabled for first reading in Dewan Rakyat on Tuesday, paving the way to increase the deposit insurance limit from the current RM60,000 to RM250,000 for next year.
The bill states, under its scope of coverage for deposits, that the corporation would insure Islamic and conventional deposits up to the amount prescribed by the minister on the recommendation of the corporation.
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