A draft of the deposit Insurance Act was approved by the cabinet in November 2004. Principallly. The deposit guarantee will be reduced a maximum of 1 million baht per depositor per financial institutions (reduce gradually over a period of 4 years). This would not affect most depositors as deposits of less than 1 million baht constitute 98.6% of all deposits in the banking system (as of March 2005). This Act should go through parliament in the next year or so.