Rather than ASB, why not put in KWSP ?

Rather than ASB, why not put in KWSP ?

ask in LYN can get more info than asking banks staff 

ask in LYN can get more info than asking banks staff 

after getting all these info...still need to go to the bank to confirm before processing/progressing to the next steps?

Hi guys, need some clarification about ASB 200k limit.

I tried asking Maybank personnel but they are not able to answer and I hope posting in this forum could give me some insight before I need to go to PNB and ask.

The question is, in this scenario,

If on year 1, my ASB account I have maxed it. On year 1, I straight away dump 200k in the acc. therefore limit reached.

On Year 2, dividend credited in the ASB account, let say 8%, I have 216k in the account.

Year 3, i take out 16k from the account and left 200k (which is the original limit)

Within year 3 itself, before any dividend is in, can I put back another 16k in the account? As in is the actual limit of my ASB, is it raised?

got the same problem, any otais here could help?

after getting all these info...still need to go to the bank to confirm before processing/progressing to the next steps?

Your new limit is 216k. It expending by dividend.

In fact u can try as some Banks allow top up without passbook

some of d kaki here were working in banking line too and some in financial institution too.

first hand info is always available here. more accurate and rapid too   

Year 1 = 200K , cannot add anymore during year 1
Year 2 = 216K, cannot add anymore during year 2
Year 3 = 200K, withdraw 16K, can add back till 216K

really??????????? can it be done. alright....!!!

does this apply to ASM, AS1M and ASW???

Yes

Nope as the 3 Funds dun have max limit

bro

but everytime over the counter, they insist for passbook. really can be done?

i thought this passbook has max limit of 200k????