Honestly, I believe no. I would think that PNB should just increase the limit of each individual for ASB and done. I remembered when asking them the possibility of increasing the limits of ASB about a year back, the officers told me that there are several other instruments that we could use if our ASB account is already to the limit, so there is no need to increase the limit.

Then the news about the launch of ASB2. I am surprised.

With ASW, I had some luck putting in money at Maybank Shah Alam Branch (next to Grand Bluewave Hotel). For me it was a very significant deposit but it was cleared. Did it on Tuesday at about 3pm and 1 transaction.

Good Luck...

I disagree with the formation of the ASB2 scheme, because I believe that they should just increase the limit of the current ASB scheme that is already in place. I don't disagree with the ability to deposit further it is just that it would be more efficient to carry out the increase of deposit in ASB rather than creating another ASB scheme which is ASB2.

But if the powers decide that there is a need for another ASB scheme, hence the creation of ASB2 and this is the only platform to increase our investment then I am all for it. My point is why couldn't they increase the limits placed on the original ASB.

Even your friends are hoping that ASB2 provides full loan capabilities and more importantly higher limits that the current 200K, so what I am just saying is that forgo the need to provide another ASB scheme, just increase the limit of the current ASB. I sincerely hope that after this explanation why I disagree with the setting up of another ASB scheme. I just believe that PNB should increase the limits of the original ASB without creating another scheme especially when it is thought and structured to be the same as the original ASB.

Thanks for your thoughts.