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?
Ultimate Discussion of ASNB (47457-V), Wholly owned subsidary of PNB (38218-X)
Jun 10 2015, 01:06 PM
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