According to Bank Rakyat, Bank Rakyat is protected by Ministry of Finance.

If this is the case, then I was wondering who will protect Bank Rakyat if Pakatan Rakyat
wins the election?

dumb question i say as ministry of finance is the goverment instituition, not BN goat.

when is Bank Rakyat going to issue new shares?

every year, Bank rakyat will give offer to buy their share (coz they last time a cooperative) and the dividend is liek 15-30% per annum.

When every year?

More like once in a 'green' moon and for privilege Bumi only.

not open to everyone??

when is green moon? Which month is that?

last year bank rakyat/bkr share it was open but limited to rm500 only. this year i dunno. and the dividend and bonus is 20% for fiscal year 2011 and paid in 26 mac 2012.

sos:

http://sharinginfoz.blogspot.com/2012/03/d...-dah-masuk.html

This post has been edited by tuo850: Aug 27 2012, 05:09 PM

You better remove your 1malaysia logo lah...

Genius, it seems you are too smart and you sound like a Bank Rakyat expert, let's ask you some questions:

(1) Since Bank Rakyat is a bank, why Bank Rakyat is not a member of PIDM?

(2) If Bank Rakyat collapses, which organization will responsible and compensate for depositors' loss?
Will Ministry of Finance responsible?

(3) If Ministry of Finance responsible for Bank Rakyat depositors' loss, then how do Ministry of Finance compensate to depositors?

(4) What is the relationship in between Bank Rakyat and Bank Negara?

(5) Is Bank Negara taking part to ensure the safety, reliability and efficiency of Bank Rakyat's banking system infrastructure?
And also to safeguard the depositors' interest?


Thank you

Bro, this may interest you - BANK KERJASAMA RAKYAT MALAYSIA BERHAD (SPECIAL PROVISIONS) ACT 1978

From what I can understand from above, the Minister is the Big Boss. And under Interpretation, it's the Minister of Domestic Trade, Co-operatives and Consumerism and not Ministry of Finance. All Directors and GM need the Minister's approval.

As for depositor lost, read Clause 13. Nobody can sue the Minister because his instructions is the law

And read Clause 26 - the staff are Public Servants. So I guess we cannot expect service that is on par with private sector.

And I read somewhere, BNM has to approve the appointment of BR GM or MD if not mistaken.

Bank Rakyat is always in the news - recently fake gold bars and here's another investment scheme related to BR.

This post has been edited by Gen-X: Aug 27 2012, 09:13 PM

HL bank 3 month FD promo rate at 3.95% for three month FD. Only allowed one time opening of FD per customer at RM10k. Promo end Oct

This is the UOB FD promo flyer, this FD promo will end on 31 August 2012

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Added on August 27, 2012, 10:12 pmThank you very much for your valuable info, Captain.

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Added on August 27, 2012, 10:24 pmHLB always like disclose depositors' personal information to their sales team to convince (by calling)
depositors to invest in their uni-trust, long term saving plan, credit card and so on...

Other banks do the same are:
(1) AM bank
(2) CIMB bank (if I am not mistaken)

The very worst is HLB...!! How can they disclose depositors' personal info (privacy issue) to their sales team..! x

This post has been edited by BoomChaCha: Aug 28 2012, 01:00 PM


Attached thumbnail(s)

i jz placed a 6 months FD with RHB with int rate of 3.1% and not 3.2% as stated in 1st post...
chose RHB since it is nearest to my house..

Wanna ask, let's say I deposit for 1 month, after 1 month do I need to reinvest again or the interest will be accumulative?

Thanks

Depends on where the 1-month interest is creditted back to principal or not. It's based on the Maturity Instruction.

noted, thanks for the update.

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Added on August 28, 2012, 10:43 amYou do not need to reinvest and like ronnie said, it depends on your instruction. You can have the interest credited into your Savings or Current Account if you wish or the 1 Month FD renewed with interest (i.e. Principal + Interest).

This post has been edited by Gen-X: Aug 28 2012, 10:43 AM

lol Rm500 I seem to be saying "work in McDs for one month..." a lot these days


This post has been edited by wodenus: Aug 28 2012, 11:07 AM

With ocbc interest rate drop to 4% next month, am I correct the best rate for three month will be hong leong at 3.9%?

for the those with std chartered, did you all get the rm300 bonus. I am supposed to get my in sept and has to plan where to muscical chair

I have not got mine (due in August).
I suppose they will only give me on the last day of the month.