If I am not wrong

PNB in their scheme usually have two tiers of payment:
Dividend and Bonus
Dividend are calculated based on lowest balance of each month multiply by 1/12 of yearly rate.
Bonus are calculated base on lowest balance of the (calender) year multiply by the yearly rate.

Say that you start purchasing/saving now for RM200
Next month you add another RM200
and in Dec you add another RM200 and withdraw RM 300
Say that the dividend declared will be 6.0% and Bonus 1.5%
So your dividend and bonus calculation as follows for:
OCT = 0.00 *( 6.0/12)/100 = RM0.00
Nov = 200 * (6.0/12)/100 = RM1.00
Dec = 100 * (6.0/12)/100 = RM0.50
Bonus= 0.00 * (1.5/100) = RM0.00 ( Saving less than a year)

and so on....

This post has been edited by rosdi1: Oct 22 2009, 07:28 AM

I think all the other products also have provision for bonus.
They might pay or might not (means the bonus is zero)
may be they will pay before the next election ..hehehe..

You must be very young then.
What ever good the politician (including the opposition) do they all have political motive to be translated to vote (that why they are call politician).

I had not withdrawn 500k from 1 account but had done so from 2 of my fund at Maybank... it only takes 2 minutes

Yes PNB Funds (ASB and ASN)... to my current account (cash is only paid up to 10K) and they say the fund will float for a day but 2 hours later I am able to transfer it to a third party a/c (means it get cleared within an hours or so)

What cheque?
No cheque involved....The money is debited directly to my account.

[/quote]Not listed in the list of companies that form the ASB and ASN funds.
The other funds like the wawasan2020 might have I don't have the list

This post has been edited by rosdi1: Dec 17 2009, 08:43 PM