What is OCBC Al-Amin Aqil Savings Account-i?
Receive earnings from attractive profit rates with this islamic basic savings account. OCBC will use your deposits to invest in shariah-compliant assets while also safeguarding your wealth. You will also have the convenience of unlimited withdrawals with no transaction fee charge to your account.
What are the highlights of this Islamic savings account?
The best part of this basic savings account is earning exciting return rates (Hiddayah). Not only will receive monthly profit returns, you could enjoy a yearly bonus of 5% provided that you make no withdrawals for the next 12 months starting from the 31st of December of each year. Do note that the rates differs for Malaysian residents and non- residents.
Besides that, your deposit is insured by the Malaysian Deposit Insurance Corporation ( PIDM) for up to RM250,000. The insured amount will include principal amount and your profit returns.
How much do I need to deposit to open this account?
To kick start the OCBC Al-Amin Aqil Savings Account-i, you will need a minimum of RM20 as an initial deposit.
Who is eligible to apply for OCBC Al Amin's Aqil Savings Account-i?
You may apply for this Islamic savings account if you 18 years old and above. For minors of 12 years old and below, it must be opened as a trust account opened under a legal guardian or parent's name.
What are the fees and charges I need to watch out for?
There will be a charge for early closure of RM20, if you choose to terminate your account within 3 months of activation. If your account remain inactive for a year, RM10 will be debited from your account.
Any transactions will be rejected if your account consist less than RM10. If you happen to lose or damage your passbook, RM10 will be charged for replacement.