26th November 2024 - 2 min read
Versa is continuing its 3K PRS Quest Campaign, an ongoing initiative aimed at encouraging Malaysians to grow their Private Retirement Scheme (PRS) savings and earn a RM100 Versa Save bonus.
The campaign, which kicked off on 1 July, remains in full swing and runs until 30 December 2024, offering participants the opportunity to earn the bonus by investing a total of RM3,000 into any Versa PRS fund during the campaign period.
To qualify for the RM100 Versa Save bonus, participants must meet a few requirements. They must be Malaysian aged 18 and above, have a verified and approved Versa account, and maintain a minimum balance of RM1,000 in their Versa Cash or Versa Cash-i account throughout the campaign. Contributions to PRS portfolios must come from Fresh Funds, which means new deposits that are above the user’s balance as of 1 July 2024 and are not transferred from any Versa account. Users who already reached a total of RM3,000 in cash-ins before 1 July 2024 are not eligible for the reward.
To participate, users can navigate to the Versa Retirement section of the app, select their preferred PRS fund, and make cash-ins or set up auto-debit transactions. Smaller contributions are also eligible, as long as the total cash-ins between 1 July 2024 and 30 December 2024 reach RM3,000. Users must also ensure that the funds remain in their PRS portfolio and that the RM1,000 minimum balance in Versa Cash or Versa Cash-i is maintained throughout the campaign.
The RM100 bonus will be credited to the user’s Versa Cash or Versa Cash-i account in January 2025. Note that the reward is limited to the first 10,000 eligible participants, and each participant can only receive the reward once.
(Source: Versa)
Samuel writes about personal finance and financial news, focusing on how banking updates, policies, and promotions affect everyday money decisions. He enjoys making complicated financial topics easier to follow. Outside of writing, he spends his time watching TV shows and occasionally convincing himself he will only watch one episode.
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