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