Bank Rakyat

Bank Rakyat Nuri Savings Account-i

Kids can save money like adults too! Interest given helps kids earn more from savings. Your kids can become a Nuri Club member to enjoy added benefits.

    • Islamic account
    • Account Statement

Features

What would make it different?

Online Banking
iRakyat
ATM Card

Fees & Charges

There are always fees but how much are they?

ATM Card Issuance Fee
RM8.48
Early Closure Fee
RM10.60

*inclusive of 6% GST

Requirements

Are you eligible for this account?

Maximum Age
12 years old
Minimum Initial Deposit
RM10

Frequently Asked Questions about Bank Rakyat Nuri Savings Account-i

Things you might want to know

What is Bank Rakyat Nuri Savings Account-i?

This is an Islamic children savings account from Bank Rakyat - kids can enjoy earning interest on their savings, and the opportunity for account holders to join the Nuri Club. Of course, kids being kids, the adult with be the ones in charge of the account as trustees.

An account statement and passbook will be provided by the bank to help the kids keep track of their past banking transactions. However, on the downside, withdrawals are only allowed over-the-counter ( OTC) and limited only to one per month.

How old does my child need to be to open this account?

All children 12 years old and below will be eligible for the Bank Rakyat Nuri Savings Account-i - both Malaysian citizens and foreigners are welcome to apply!

What do you actually need? An initial deposit of RM10 is required to open this savings account.

What are the fees and charges I need to pay?

If you lose your passbook, it will costs you RM16, while it is RM5 for damaged passbook. Besides that, if you choose to close your savings account within 3 months after the activation date, you will be charged RM10.

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