Who is a deposit protection agency?

Who is the Deposit Protection Agency?

Now, the Deposit Protection Bureau has adjusted the deposit protection limit to only 1 million baht, and many people may not be able to handle it in time. Not sure what to do What should I do if I don't want to leave my deposit with the bank? Today, we will solve these problems.

What is a deposit protection agency?

The deposit protection agency is a government agency established to protect the depositors of various financial institutions. The main function of the deposit protection agency is deposit protection. Liquidation protected deposits of financial institutions that receive money from financial institutions for deposit protection funds and closed financial institutions include current accounts, savings accounts, term deposits, certificates of deposit and certificates of deposit. The deposit protection agency will return the money to the depositor within a specified period. If the limit is exceeded, the excess will be refunded from the financial institution where the depositor made the deposit.

When news came out that the deposit protection agency adjusted the deposit protection limit to 1 million baht only in the event of a financial institution failure. The money that will definitely be refunded is 1 million baht, and the rest may or may not be available. As a result, many people worry that they may not get all the money. So having an idea, what can I do with the money if it's not deposited? This article has the answer

If you don't keep your money in a bank, put your money in a debt instrument

This is another way with less risk but satisfying rewards. Debt instruments are borrowings. That is, note holders will become creditors. As for the issuer of the instrument, it will be the debtor. Instrument holders will be rewarded in the form of interest. After maturity, the principal will also be returned. Debt instruments can be divided into two types: bonds and bonds. Bonds belong to the government. As for the bonds, they will be privately owned. But any investment is risky. Therefore, you should check carefully before investing.

Gold is another interesting option

There are many ways to invest in gold. Both parties buy gold to keep the price tight. Investment funds investing in gold, derivatives investing or saving gold through brokers. Gold has the advantage of high liquidity. Low volatility doesn't correlate well with other assets So this is another interesting investment.

If you want to get involved in business ownership, try investing in stocks.

Stock or equity. It will be an investment as a co-owner. The rights acquired depend on the percentage of shares. Which returns will come in the form of spreads and dividends. Returns depend on risk. Therefore, before investing, you should carefully study the confidence and risk before investing.

Mutual funds, a very attractive asset

Mutual funds cover almost any asset. The beauty of mutual funds is that each fund will have a fund manager. Which mutual funds will handle the funds raised are tax deductible Funds have been classified Types of mutual funds can be broken down into the following categories:

1) Risk 1 Domestic money market funds are bills and fixed-income securities with a maturity of less than 1 year

2) Risk 2 Foreign money market funds are bills, fixed income with a maturity of less than 1 year abroad

3) Risk 3 Government bond funds are government bonds. State-owned enterprise bonds with a maturity of more than 1 year

4) Risk 4 Fixed Income Fund

5) The risk of 5 Mixed Funds is to invest in multiple assets

6) Risk 6. Stock funds invest in domestic and foreign stocks at the same time

7) Risk 7 Funds by industry are investing in equities but focus on industry groups

8) Risk 8 Alternative mutual funds are gold, oil, other funds

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