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Those who receive deposit protection

Those who receive deposit protection

Individual depositors are protected. When opening a deposit account with a financial institution under the law on the Deposit Protection Agency It will protect in the form of 1 list of depositors per 1 financial institution by depositing money (principal and interest) of each depositor. in every branch and every account of that financial institution to be calculated together

For depositors who are juristic persons such as companies, funds, foundations, temples, associations, co-operatives, insurance companies. life insurance company It is protected by the same law as an individual depositor. The types of deposits and financial institutions depositing them are subject to the deposit protection law.

For foreigners who open deposit accounts with financial institutions under the Deposit Protection Agency law in Thailand. It will be protected only if it is a local savings account in Thai baht. in the type of protection unless it is a deposit in a “Non-Resident Baht Account” under the Exchange Control Law

Note

“NON-RESIDENT BAHT ACCOUNT” is a special deposit account opened with a financial institution in Thailand in Thai baht. to conduct specific transactions in accordance with the law on exchange control which is not under the protection of the Deposit Protection Agency