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 AS1M/ASM/ASW2020/ASN/ASB and other PNB funds V3, lending your money to the government

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frontierzone
post Nov 11 2012, 01:31 PM

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From my view, the only way PNB can prevent bank tellers from being 'syndicates' to top up own account etc, is if they open up the PNB subscription via online for all funds (full or not full), instead of only opening up those where the racial quota has not filled up only. For the full funds, it will be a fair 'bidding' among everyone across the country, as anyone can check through their online banking account at any moment instead of relying on bank agents for unit availability. Everyone has equal chance to try their luck, without the barrier of commuting to banks, and subjected to banking queues and biased/unhelpful bank tellers.

This post has been edited by frontierzone: Nov 11 2012, 01:32 PM
frontierzone
post Nov 16 2012, 12:19 PM

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For the AS1M, is it true that one cannot open an account even if there are available units (for those who have not yet have the account)? Or does the new membership registration is allowed at PNB branch only?
frontierzone
post Nov 16 2012, 12:50 PM

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QUOTE(adolph @ Nov 16 2012, 12:30 PM)
By the way, who inform you about this.
Banks always mislead info, a number of Pemodalan nasional berhad told me before. if you're saying for Chinese quota, banks usually don't bother to try for you because they just gave the fact by their info, even the fund is available after sold out by existing holder.
Normally just don't head to any banks except the fund is not fully subscribed, the headquarter of Pemodalan nasional berhad is the best.
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I asked a bank about this.
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On another note I asked the cimb via writing why their Internet Banking's asm/asw always show fully subscribed message, whereas their banks sometimes have some units and i want to confirm whether they put a hard-coded message on the system or is the checking mechanism same as on the machines of their tellers, they reply that "the subscription for ASNB fund via CIMB Clicks is updated in real time based on online availability." But i still highly doubt it is true. I never ever got through on their online system for Asw or Asm and it feels silly to keep trying it knowing it might be hard-coded.

This post has been edited by frontierzone: Nov 16 2012, 01:00 PM
frontierzone
post Nov 16 2012, 02:44 PM

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Read that the government gave the national sportsman and sportswoman, Lee CW and Pandalela, each RM200,000 in Amanah Saham Wawasan. This means each year, assuming 6.5%, they will get 13k back in dividend, broken down again to months, monthly about 1083. This is pretty good. If someone is frugal enough, they might achieve financial independence with this, stop working etc.
frontierzone
post Nov 16 2012, 03:01 PM

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QUOTE(cybermaster98 @ Nov 16 2012, 02:54 PM)
Yes own money. No loans involved. Yes property will surely appreciate. But ill max out the ASB account again in Jan/Feb 2013 when ill be getting some lump sum cash coming in.
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Wow really envy. I'm not native so cannot buy the ASB. And the rest is so hard to buy.
frontierzone
post Nov 16 2012, 03:59 PM

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QUOTE(cybermaster98 @ Nov 16 2012, 03:39 PM)
I also not native.  brows.gif
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huh? then how u managed to buy ASB? my native definition is bumi..
frontierzone
post Nov 17 2012, 11:20 AM

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So far I have not figured out how to strike an undertable deal like this, even though I have some FDs that I'm very eager to push into AS funds. I have been going to banks on and off, but the amount I could push in on each visit is still substantially small and sometimes even end up going home without any success, wasting time and petrol. And more than that, I also run a risk of the bank tellers getting familiar with my face and gossiping about me each time I come
or they might start telling their friends my finance standing rclxub.gif. Its really stress to always walk into the same bank. Sometimes even though I wanted to go, I just refrained as I had just gone recently.
frontierzone
post Nov 21 2012, 11:03 PM

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Went to bank to try today, failed to get any cry.gif
frontierzone
post Nov 21 2012, 11:59 PM

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QUOTE(adolph @ Nov 21 2012, 11:31 PM)
Which fund you're referring ?
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ASM smile.gif
frontierzone
post Nov 22 2012, 08:16 AM

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QUOTE(adolph @ Nov 22 2012, 12:30 AM)
That fund is more harder to add compare AS1M.The possibility is much lower, withdrawal is not often. Hope you will get through it too,
Soon or later after several year, AS1M will be tough difficult to top up just like ASW2020 fund. smile.gif
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Normally I can gauge the way the teller speak whether got or not, like yesterday no unit, before i even ask, the teller told me, "eh susah dapat, mahu try banyak kali o" and then they give me the kind of look like they had already tried and no units kinda thing, so when I really put my book to try, "sorry, dont have".
But last time I once did try, when got units, I saw the tellers table full of passbook, and I know immediately it must be on. When I said I want to try, they ask me hw much straight away and say " take a seat ya". Then I asked her, "Wah so many books, I can leave my book here to try ah?". She gave me 'paiseh' look and said "sorry, we don't do outsiders. This is only for our staff". But I manage to look at the name on the ASNB slips thr, the name doesn't look like any of the staff there, but the surname is definitely same with some staff there. I concluded it must be their relatives. Haiz. And I saw one slip with my own eyes, its RM 7000! Damn. The units must all be sapu finish by them ohmy.gif

This post has been edited by frontierzone: Nov 22 2012, 08:19 AM
frontierzone
post Nov 23 2012, 12:24 AM

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QUOTE(jacklew77 @ Nov 22 2012, 10:11 AM)
which bank & branch you go? should avoid then :-)

Added on November 22, 2012, 11:54 am
that's advantage for having relative working in bank. However, we should continue trying for the top-up from time to time, because when any top-up is successful, the money is enjoying the 6+ % interest. I was busy and did not try it out in the last few weeks, i will try it out on tomorrow since i'm taking a leave from work for personal thing.
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good luck to you.. smile.gif

On a side note, i was thinking, why did ASNB don't want to put up live subscription of units via online, for the funds which are full but occasionally have people cashing out. I personally don't feel that such a system is not there, because they have tht in their system for the agents. All they need is some sort of plug-in from their banking agents' internet banking software to their PNB system. Or is there some reason their management refuse to open that up? Between technical or management reason, I wonder what could it be. hmm.gif

This post has been edited by frontierzone: Nov 23 2012, 12:25 AM
frontierzone
post Nov 26 2012, 12:15 AM

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QUOTE(nond @ Nov 25 2012, 08:53 PM)
hi, just curious anyone able to top up or c any unit available of ASW2020/AS1M at cimb clicks?

do you think should i register my asw2020/as1m account in cimb clicks ?

Thanks
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someone mentioned he managed to top up for AS1M, i think is jacklew. ASM and ASW is a zero success in so far as my experience goes. I do not have AS1M, so no hands on experience there. I do not know how it works, but I think you cannot see how many units are available. The whole thing is very shabby in details. If one manage to, I think they will open a free text for you to key your amount, then they might reject or accept your topup, failure or success of which will be charged RM1 regardless.

Up to you to register or not, it is independent of unit availability. You can just register and wait until maybe a nationwide opening of subscription, then you can do it there.

On the other hand, funds where units are always available will be there for online subscription, like ASB.. rclxub.gif

This post has been edited by frontierzone: Nov 26 2012, 12:18 AM
frontierzone
post Nov 26 2012, 07:57 PM

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do u guys think AS-funds' annual return of abt 6% is able to beat inflation? Or maybe precious metals is better for safeguarding values?

Added on November 26, 2012, 8:25 pmRemember i asked one time why i cannot register ASM on CIMB Clicks? I actually finally managed to, but it was not from any assistance from those correspondence I had with the bank people. I actually ran through some of my deposit slips of ASM from which I had transacted at the physical bank, and observed the details. I saw one line where my IC number was, and it looked usual until I looked more intently, I saw that there was a 0 padded in front of it. Damn, so I went to try and key in again to register online, this time typing my IC with the extra 0 padded in front, ie. 0 followed by YYMMDDxxxxxx, and only then I was accepted. I wonder whether you guys have your IC numbers padded with 0 as well.

This post has been edited by frontierzone: Nov 26 2012, 08:33 PM
frontierzone
post Nov 27 2012, 10:41 PM

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QUOTE(nond @ Nov 27 2012, 03:53 PM)
Hi all, cimb just give me this short reply.
So we can only register when there is unit available?
I thought is  register first to stanby
faint... rclxub.gif
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Register as in registering your membership (which you already have opened the AS1M previously via physical agents) onto the online banking service right?
frontierzone
post Nov 28 2012, 11:04 AM

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QUOTE(nond @ Nov 28 2012, 12:47 AM)
ya. this is what i mean

i already have the AS1M, i tot register in cimb clicks to standby if any new units available then i can
try my luck to grab it.

ai....so is she give me wrong instruction ?
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How come you have some sort of like an 'email' message? I believe one can just register straight away at the Investment-related tab, then go to ASNB and then Add Favorites. When we add favorite, we will key in fund membership number and IC then wait one day, for it to be Approved or Rejected. Even rejected there wouldn't be any message to you, just tht its Rejected. Did you use the Message Center to ask them? If so I suggest you go straight to the Add Favorites to try.

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Looking back on your post, I believe you sent them a message to ask and you probably have not tried the actual registration. Based on that message their explanation is valid, as you usually can't subscribe new units as long as it is considered 'quota full' for your race. I do not know how you asked them or they may have misinterpreted. Do note that register and subscribe are 2 different terms. Register means you just let them verify your membership and attach it to your account e-banking facility. Whereas subscribe means to 'purchase' units. In summary, you may not be able to subscribe but registration is definitely possible. So, suggest you try to go to "My Investment" then "ASNB", then "View Account Status", then "Add New". Hope it works out. (As my experience goes with the Message from those e-banking, sometimes they really lack knowledge on the thing you asked or due to time constraint, so they rather reply you some generic 'nonsense'.)

This post has been edited by frontierzone: Nov 28 2012, 11:33 AM
frontierzone
post Nov 28 2012, 11:46 PM

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QUOTE(jacklew77 @ Nov 28 2012, 05:09 PM)
Fyi, i managed to have my ASM & ASW2020 REGISTERED successfully via the add function in cimb CLICKS, but that's AFTER MORE THAN 10 TIMES REJECTED :-) Even i have had it registered successfully now, but no way to purchase additional units for ASM & AS2020 as the field in additional purchase only have AS1M as option.
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Keyed in the same information each time? Mine was only finally registered after I realized there is a 0 in front of my IC according to the deposit slip. However that IC was handwritten on my passbook according my actual IC with dashes, on Amanah slip, there is no dash but a ZERO padded in front. If I did not recheck my slip, I think I will never be registered.

This post has been edited by frontierzone: Nov 28 2012, 11:48 PM
frontierzone
post Nov 30 2012, 11:07 PM

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QUOTE(nond @ Nov 30 2012, 05:01 PM)
Hi finally i was successfully registered my AS1M in cimb clicks rclxms.gif

ya i follow ur method add a 0 in front my IC without any dash (-)sign.

Thanks bro. thumbup.gif
will add in the asw2020 and asm later.

Anyway, i fcan't found my IC number in my passbook or slip received
can you ?
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Good! I don't know why they need that 0 in front tho. They should specify properly on the website how is the format they want, who could have thought the IC needs a 0 in front. And last time I messaged CIMB many times, they just reply standard message, say please refer to PNB, bla bla bla and all the addresses of PNB etc.

My IC is written by hand on the passbook on first page along with member name, membership no. etc. You don't have it? The top-up slip does have the IC number with 0, somewhere on the codes. There are quite a few lines of codes there, as with most transactions, some reference no.s, trace codes. etc.

This post has been edited by frontierzone: Nov 30 2012, 11:18 PM
frontierzone
post Dec 5 2012, 10:59 AM

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http://www.affinbank.com.my/banking/condeposit/asnb.htm

Affin Bank also offer ASNB online service. But limited to AS1M and ASB just as usual, like RHB and Maybank e-banking.

» Click to show Spoiler - click again to hide... «


Affin is the latest addition to the banks serving as agents to ASNB. I believe they also offer the service at the counters. So besides, RHB, Maybank and CIMB, this is another bank to try. In addition, of course the PNB office itself and post offices.

Added on December 5, 2012, 11:13 am
QUOTE(clement8115 @ Dec 5 2012, 12:04 AM)
Dear all forummers,

Based on the past postings, I did not know that I can try luck to      Buy units in bank counters. I tried with CIMB, RHB AND MAYBANK ONLINE BANKING also cannot register. It says fully subscribed.

If like that, have to Establish connection with bank ppl la so that I can top up.

Min 6 percent per annum interest is damn good.

Any forummers can share which bank can go top up easily?
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Yes, the counter service is always there year-long. Your success to grab units depending on your timing, luck and also the helpfulness of the staff. Any backdoor or family connections you may have with bank personnel could also fast-track you a bit. That system which the bank use to check units on their counter is different from the one at their e-banking service. That system is the actual "Live" one. So anybody who completed cashing out units, the system should be able to grab units. But of course, nationwide, and so many people including the staff themselves checking the system every minute, any newly released units will be grabbed instantaneously. I strongly suggest ASNB to open up the Live top-up service for funds so labelled as "fully subscribed" to be made available to e-banking customers to try their luck as well. So far, CIMB e-banking can register the 'fully subscribed' funds but can never do any top-up. They claimed the system to be Live as well, but I seriously hold my doubts.

This post has been edited by frontierzone: Dec 5 2012, 11:14 AM
frontierzone
post Dec 7 2012, 01:04 PM

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In further investigation, I have found that RHB online banking has note that mentions about padding zero in front of the membership ID for registering ASNB funds. For benefit of all, here's the screen cap:


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frontierzone
post Dec 17 2012, 02:29 PM

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It's year end time. Will there be many cashing out on their AS funds to spend and new buyers could buy more units?
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