Normally less than 24 hours, but since its public holidays, I guess it will take much longer.

Solsekuin44,

You can take a few minute and surf the internet as provided below, it will be stated everything on the website, you can also ask a bankers about these information as they provide quick access to your doubt, it is your investment.
Info,
http://www.asnb.com.my/ebanking.htm

Solsekuin44,

When dividend already declare to the public, which equal once a year or every time when you top up an amount into ASB funds, make sure the resit and investment books fully updated before leave the counter.

Solsekuin44,

It is not necessarily, only for your own convenient especially for the 3d party such as bank agents, you may choose to update your passbook in future. It only to avoid errors and misinterpretation in case anything went wrong, to show that you had purchase an amount of units, as an evident just like a print receipt when you're buying goods and share, same in real life.

I was informed that there needs to be a will. And the withdrawal cannot be made in cash. It will be transferred into the ASB account of the person(s) named in the will. I am not sure what will happen if the named person is not a Bumiputra and doesn't have an ASB account.

Solsekuin44,

please read this section, all of your information will be listed on this section.

"Firstly, you have to check for the balance of the deceased account, you can apply letter of administration for the deceased.

*High Court Civil (Malaysian wide) or
*High Court Sabah/ Mahkamah Anak Negeri Sabah/ Syariah Court Sabah (Sabah only) or
*High Court Sarawak/Mahkamah Anak Negeri Sarawak (Sarawak only) or
*Pejabat Tanah dan Daerah  (If the deceased has land property) or
*AmanahRaya Berhad

1# Transfer of units. The deceased investment units will be transferred to the beneficiary account as additional units. For this facility, the beneficiary must be a unit holder of the funds.

2# There are no time limit to claim from the deceased account. The deceased’s account will still active and entitle for the income distribution (if any) until the claim made by the beneficiary.

Info,
http://www.asnb.com.my/english/claim.htm

Quick question: I want to invest in AB through Maybank. I will use salaray dedcution every month.

What if suddenly I need money and want to get some cash from the ASB?

possible? is it very liquid?

Wait? What loan are you talking about? ASB is savings right? How do i get dividend if its a loan? I should be the one paying interest rate if its loan right?

Smsbusiness2u,

She's bumiputera, funds for "bumi" not always fully subscribed compare chinese so investing via online is much more easier and is not mistaken, she heavily invest in ASB with loans, correct me if i'm wrong.

hi...how do u get 200k in ASB ? Do u take any ASB loan ?
lets me share my story....
last year i just bought under construction apartment cost rm135K in setia alam,
but facing difficulty  to get a good housing loan (good blr and sum of loan) and
i end up by using personal loan by BSN (interest 3.88 fixed) for 20 years for loan amount 200K,
luckily in eligible for the loan 
due to the apartment is still under construction i just put 100K in ASB while waiting progress payment ,
the rest of money i do full settlement for car and ptptn...some in fixed deposit,,sspn,, buy dinar, kijang emas,...
and i already got around 1k of dividend from ASB (i just put the money on October onward),
and every 3 months enjoy the dividend from fixed deposit..
if your government servant i advise u to take the personal loan from bank rakyat or bsn...
http://www.bankrakyat.com.my/web/guest/asl...BF745116DB1927B

Thank you lucifah for the comparison.

On the bolded statement, the calculation proves that the loan is relatively more profitable within 25 years.

1 - The PROS of this method (not applying for RM 30k loan) are I will not have problem with applying for future loan for car and house, yes? Do I have any other major PRO with this method?

2 - The CONS is since my starting capital is low, hence my dividen will be not as much as with the help of RM 30,000 loan. Apart from this sole point, do I have any other major CONS with this method?
EDIT : typo.

I have the personal opinion that:
Having a racial quota system is fine as it gives ALL races the chance to invest.
- If there is no racial quota system, all the units will be 'sapu'ed by any economically well off community within matter of hours/days and deprive others (who are equally keen, but simply need the time (to come up with the cash) to invest.
- Everyone wants a piece of the economic cake, just that some communities need to have the hard cash available to buy these units. Eg. The indian quota was only recently filled up second quarter of 2012, it shows that they are very keen to invest, but they only needed a bit more longer time. If there was no racial quota, the indians would be deprived from investing.

Perhaps,PNB may open up to everyone (after a reasonable number of years) when a particular racial quota has not been filled up after a very long time.

I think that AS1M holds to the 1 Malaysia spirit.

Just my opinion!

most of the time i do my transaction (ASB) in post office.. very few people one. get the number and straight go to counter already..

I every month go there la.. Not masuk one time like 10k.. Me not that rich maa..

i did yterday at post ofce, and suddenly the staf give salam to me and smile..
and thumb up for my saving asb. 

http://brunialamira.blogspot.com/

Yes, tht Im keeping to do it. Like a serial number.. 

Do excel as below or else compounding formula
http://brunialamira.blogspot.com
P/s my lovely father and mother passed away .. Sad and miss them