Yes, based on daily rest.

For those not so pandai into Time Value of Money, here is a simple explanation:

If you masuk MYR 6,000.00 on the 1st of Jan 2017, you will get the whole 4% dividend, that is to say, MYR 240.00

If you masuk MYR 6,000.00 on the 31st of Dec 2017, you will get the a pro-rated dividend, that is to say, [ 4/100 x 6,000 ] / 365 = RM 0.68.

Understand?
Bagus! Nanti sudah masok, lu cakap sama gua... kita sama-sama happy? OK?

Xuzen

got total 1000, 500 each for my 2 children within the age limit

For the smoother-flow of fellow forumers regarding Bank Islam account opening, linking to SSPN & ATM to-dos:
1. Open an account with Bank Islam
a. Walk-in OR
b. Online then walk-in to get number https://vao.bankislam.com.my <-- this is what i did, still took about 45m to open an account. i suspect "terus ke counter" will be lagi patience-testing

2. Once being attended to by bank staff, PLEASE ASK FOR SSPN-LINKING FORM - fill in & ask them to link straight away. U NEED YOUR SSPN account numbers - easily gotten from your iSSPN if U have logged-in before
sigh.. even when i was asking about SSPN and ATM - only when i asked anything to apply/fill-in i was told a form is needed to be filled in

3. Get Debit Card, go bank in cash to fund the account AND PUNCH IN MOBILE NUMBER.
sigh.. even when i was asking about Internet banking, wasn't told to punch in/register at ATM +ATM doesnt have process to remind first-time users

4. Go online to https://bankislam.biz
a. Klik “First time user”
b. Masukkan 16 digit nombor kad debit & 6 digit nombor ATM
c. Cipta ID pengguna
e. Kemaskini nombor telefon di ATM berdekatan. <-- this is the OUCH!! part for me currently.. gotta go back to Bank Islam ATM.. wheee...

Hope the above helps smoothen your flow AND yes, i did check whether can withdraw at ATM - wohoo! linked and can withdraw/put in
I was just hoping to do it online. I'll share further once i get to the ATM again.. to complete my online registration

once a year go take out $10 lor

btw, pain in butt.. i just came back from their ATM - no menu item / selection for mobile #!!
Tried CDM/ATM & ATM only machines... good lord.. how to do Internet banking.. gotta call CS tomorrow again.. sigh..

which one easier for you to goto?

If you use fpx through sspn website its updated instantly..

I deposit 8k on 2nd Jan 2020 even theres no 2020 transaction history the system still show it in the 2019 history..

System updated so 2020 transaction has already been reflected..

nope, u have to link it urself via atm. just search this forum for 'atm' and u have the steps

If you just want to recycle that money and for short term, can consider parking your money at high yield saving acc like ocbc 360. For high risk go casino

Applied to withdraw yesterday and fund appear in bank account this afternoon.

Just go to any ptptn branch and ask for pengeluaran sspn.

since Bank Islam is nearer to your place......wouldn't it be more convenient?

19. What is the maximum amount for funds transfer to/from SSPN-i account via Bank Islam ATM? 
As per current daily ATM funds transfer limit, which is RM30,000 (including transfer to/from Bank Islam, Interbank GIRO (IBG), Instant Fund Transfer (IBFT) and Tabung Haji).

after having had the money in Bank Islam...then can giro transfer to the a/c of your choice?

http://www.bankislam.com.my/home/assets/up...BMC-amended.pdf

Or u can do IBFT at the Bi's ATM.