What is this fixed deposit about?
The BSN AHSAN General Investment Account-i is GIA that is based on the Shariah principle of Mudharabah. You can choose to invest your money for 1 month to 5 years, with your principal and profit given to you at maturity. After making your placement, BSN will issue a GIA certificate form to you. You will need to present your certificate to BSN if you wish to withdraw or receive your profit.
How much I need to start investing?
The minimum deposit amount is RM1,000 for 1-month placement while you only need to deposit only RM500 for placement of 3 months to 60 months. You can choose to deposit your money either in cash or cheque.
Who are eligible to register this FD account?
BSN AHSAN General Investment Account-i is an investment account designed for all the individuals aged 15 years and above. This investment is also applicable for organizations, clubs, associations, government departments, statutory bodies, private sectors and the like.
When can I receive my profit?
You will receive the profit at maturity. If your GIA replacement is 15 months and above, you shall receive the profit every 6 months.
Can I make cash withdrawal?
Yes, you are allowed to make cash withdrawals. Before that, here's something you need to know. If you decide you withdraw within 1 month of replacement, think twice, you will not earn any profit from the investment. For the placement more than 1 month, you may able to access to only profit of your investment, however the final decision is made by BSN. Partial withdrawal before maturity is not allowed.
Is it safe to invest in this Syariah complaint investment?
Yes, this account is protected under the Malaysian government and Perbadanan Insurans Deposit Malaysian ( PIDM) for deposits of up to RM250,000.