Reduce deposit protection limit to 1 million baht

Deposit Protection Agency Start reducing the deposit protection limit to 1 million baht!!!
Watch a simple video explanation: youtube.com/watch?v=IlQIGIco2y8&t=27s

Deposit Protection Agency Starting to reduce the deposit protection limit to 1 million baht per person from 11 Aug. 21 onwards, covering 82.07 million depositors or 98.03%.
Mr. Songpol Cheevapanyarot Director of the Deposit Protection Agency revealed that from August 11, 2021, depositors in financial institutions under the Deposit Protection Law will receive deposit protection under the Deposit Protection Law In the amount not exceeding 1 million baht per 1 depositor per financial institution which is the limit set by law From the present, the deposit protection limit is 5 million baht until 10 Aug.
With a coverage limit of 1 million baht, there are 82.07 million depositors who receive full deposit protection, representing 98.03% of depositors in the entire system. which is considered the majority of the people of the country
As of May 31, 2021, there were 83.72 million depositors in the financial institutions under the protection of the institution as compared to the end of last year. It was found that the number of depositors increased by 1,337,334, or an increase of 1.62%. Most of the increase in depositors were retail depositors with deposits of no more than 1 million baht, representing 97% of the increased number of depositors. and protected deposits totaled 15.28 trillion baht, an increase of 347,940 million baht or 2.33% from the end of last year.
The Deposit Protection Agency (DPA), or DPA, plays an important role in protecting deposits for both natural and corporate depositors. Whether Thais or foreigners depositing money in Thai baht with Thai financial institutions under the Deposit Protection Law which consists of 18 Thai commercial banks, 12 foreign bank branches, 2 finance companies and 3 credit foncier companies, a total of 35 companies.
which will be protected immediately in the form of 1 list of depositors per 1 financial institution by protecting 5 types of deposit accounts, namely 1. Current deposits 2.Savings 3. Fixed deposit 4.Code of deposit and 5.Certificate of deposit The protected deposit account must be in Thai Baht only. The depositor will receive the deposit back within 30 days, according to the amount set by law.