Bank Islam Basic Savings Account

Save with a minimal deposit of RM20 without paying any service or maintenance charges. Additionally, enjoy the convenience of printing mini statements.

Bank Islam Basic Savings Account
Profit Rate
Account Type
Min. Deposit
Reward Points
Phone Banking
Account Statement
eStatement (via email)


What would make it different?

Online Banking
Bank Islam Internet Banking
Mobile App
Reward Points
PIDM Protected
Up to RM250,000
SMS Transaction Alert
SMS reply and alerts notification cost RM0.30
ATM Card

Fees & Charges

ATM Card Issuance Fee
MEPS Withdrawal Fee
Early Closure Fee
Inactive Account Fee


Minimum Initial Deposit
Minimum Balance
Who can apply
  • Malaysians
  • Foreigners

More Information

What is Bank Islam Basic Savings Account?

Generally, this is an Islamic basic savings account with no profit earning - it's a great account if you wish to just park your money in a safe Shariah compliant account, at zero service or maintenance fees. 

With the Bank Islam Basic Savings Account, internet banking services and ATM facilities will always be at your disposal nationwide - making all easier to keep tabs of your transactions.

What are the fees and charges?

Here's where you get to choose how you use your savings account.There will be two options, you either:

  1. Pay RM8 a year, and get unlimited Over-The-Counter (OTC) transactions and ATM withdrawals; or
  2. Get 8 free ATM withdrawals a month, and pay RM0.50 for every subsequent withdrawals

If you think you will be making ATM withdrawals on a regular basis, it may be a better choice to pay the annual fee.

What is PIDM, and is my account covered by it?

The PIDM is an automatic guarantee that your money is safe in the hands of the bank. Should the bank ever goes bankrupt, which is unlikely, all your deposits will be reimbursed. And yes, this Bank Islam Basic Savings Account is covered by PIDM.

Am I eligible to open this account?

In order to open this savings account, an initial minimum deposit of RM20 is required for account opening. Please note that you must maintain at least RM20 to avoid account closure. Adding to that, you have to be at least aged 18 and above to open this savings account.

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