we have been requested for cooperation from the deposit protection agency to inform you organization that according to the deposit agency act and the royal decree on the extension of deposit coverage, from 11 august this year the coverage of protected deposits per bank will be recuced to baht 25 million, for the overall schedule and scheme, please see below.
Deposits under protection are deposit and accrued interest in Thai Baht accounts opened with financial institutions in Thailand in saving account, current account, deposit confirmation, deposit receipt, certificate of deposit and alike. Non-resident baht Account, deposit with embedded derivatives and interbank deposit are not included.
Please be informed of the above schedule and scheme and take such information into your consideration in depositing your fund. However, the reduction of the protection should concern you only upon the liquidation proceeding in the event of a bank failure.
Additional information about the Deposit Protection Act can be accessed at www.dpa.or.th.