What is Agrobank Agro Perdana-i about?
Agro Perdana-i is a savings account based on Shariah law that can be opened easily with a minimum deposit of RM100 for individual and non-individual accounts, or RM1,000 for escrow account.
You can easily open this savings account because it does not need an introducer. What's more, employees of government or government-linked agencies does not require a deposit to open Agro Perdana-i savings account.
How do I earn profit on my savings?
Agro Perdana-i savings account offers a tiered profit rate based on how much do you save in the account. The more money you deposit into your savings account every day, the higher the profit rate you will earn, which is calculated daily and credited into your account every month.
The best way to earn higher profit on your savings is to make Agrobank Agro Perdana-i savings account as your payroll account.
Which type of savings account should I open?
There are 2 types of savings accounts you can open with Agro Perdana-i:
- Agro Perdana-i with Passbook - requires minimum initial deposit of RM20, with minimum balance should not be less than RM10 (Malaysians) or RM50 (non Malaysians)
- Agro Perdana-i with Statement - requires minimum initial deposit of RM100, with minimum balance should not be less than RM100.
Is it safe to put my money in this savings account?
Putting your money away in a bank is relatively safer than hiding them in your house. Also, you will earn profits on your savings. However, Agrobank is not a member of PIDM as it is a development financial institution that is meant develop and promote key sector of the economy.