There is no such as as maturity period for ASB. You can sell it anytime you need the extra money.

By the way, if you do take Maybank, CIMB Bank or RHB Bank ASB financing loan, your ASB passbook or certificate will be retained by the bank as collateral. So, as long as you are still servicing the loan, you won't be able to withdraw any of the money out from your ASB. Good luck !

This post has been edited by MilesAndMore: May 9 2010, 10:40 PM

And there are also ASW2020 and ASD which also traditionally yield better return around 6%-8%.

Maybank, CIMB Bank, RHB Bank, Pos Office or ASNB office.


Chinese quota is full.


This post has been edited by MilesAndMore: May 17 2010, 04:51 PM

I am not sure if this has been mentioned before. Anyway, it is now possible to buy all ASNB funds online via cimbclicks.com.my. However, withdrawal must still be done over the branch.

The maximum is actually RM200,000 for adult. There is ASD and it is only for Bumiputra too.

ASNB is set to announce the return for ASW2020 in less than 3-month. Hope it won't disappoint

AS1M is a relatively new fund. How is it possible that you made the investment 2 years ago ?



No. Maybank is just an agent. You should head directly to ASNB office. I am however not too sure if they can provide you with the latest statement. Besides, usually for bank statement for VISA application use, you will need to submit your bank account statement stating your savings/current/time deposit (which applicable) and ASM and AS1M are both not savings or time deposit account.


This can be done at any ASNB office or any of its agents such as Pos Office, Maybank, CIMB Bank and RHB Bank. There is a cap of RM10,000 maximum cash withdrawal per day at ASNB and Pos Office. If the amount of money you intend to withdraw is more than RM10,000, you should go to either Maybank, CIMB Bank or RHB Bank.

This post has been edited by MilesAndMore: Jun 3 2010, 01:38 AM

If you're a Bumiputra, put all of it into ASB. Once you have maxed out on ASB, you can consider ASW2020 and ASD.


Chinese portion was fully subscribed like one or two months ago. CIMB Bank did make the announcement in their website.

No worries. I haven't received mine either.

Your passbook or certificate, MyKad and your thumb.



ASNB Office, Post Office, Maybank, CIMB Bank and RHB Bank.


**cash only

PNB Office/Post Office
- **RM10,000/day

Maybank
- **RM25,000/day

CIMB Bank
- **RM50,000/day

RHB Bank
- **no limit

There is no limit imposed at Maybank and CIMB Bank if you choose to withdraw the money using Banker's Cheque, deposit into your bank account held with them or transfer to another bank's account through IBG.


They will do it as per your instruction. You can :
- withdraw all in cash
- deposit into your account held with the bank
- transfer the money into other bank account through IBG (RM2)
- ask the bank to issue you a banker's cheque

Why do you want to write ASNB ?

Your name.

Anyway, do you have an account either at Maybank, CIMB Bank or RHB Bank ? If you do, just deposit the money into your account and ask them to transfer the money from there. It is so much more convenient.

Oh ... i thought you're a Bumi ... Anyway, it is one in a million chance that you'll get the ASM now. I'd say try again when they decide to allocate more funds to ASM.

Judging from your username, i suppose you're a Malay ? Then you should max out your ASB first which is RM200k. After that, you can look into ASW2020 and ASD.

None left unfortunately.

What do you mean ? Please elaborate further.

Any reason they are doing this ? They expect the return of PNB funds can no longer cover the interest charged from banks in the future ?

Just put into ASB and forget the rest. When you have reached the maximum which is RM200k, you can then put your money in ASW2020 or ASD.

Maybank, CIMB Bank, RHB Bank, Pos Office and ASNB office. You can withdraw a maximum of RM25,000 cash at Maybank and RM10,000 at Pos Office/ASNB office. CIMB Bank sometimes impose a limit too but they always change it from time to time. If you are going to withdraw more than RM25,000 of cash, just go to RHB Bank.

It will show "request cannot be done".