Since last year RM1: Rp3,700... till today is RM1: Rp 3,200... Looks stable for the time being, but will go down some more end of the year or beginning of next to Rp 3,100... I foresee so...

Few questions
1) How do you put FD there? Take a flight there?
2) Do they accept malaysia's cheque?
3) How long do you put?

If putting indon FD at 9%, I think a flight there every 2 years to renew is kind of worth it.

Yeah, this is the perfect combination. For expat you mentioned. No worry so much on currency fluctuation.

abang, dia cakap bagi orang bukan m'sia lah!

bukan fly there, susah lah!

Yup, this is not for us. Only for their nationality and those working there with valid work permit lo.

Dia earn in RM and letak FD kat sana. Dia tak cakap dia orang indonesia Kalau exchange rate indonesia tak banyak tukar macam usd-rm, itu berbaloi. Letak 2-3 tahun di sana dengan interest 8-9%/p.a. Jumaat yg banyak say rm100k, beli tiket airasia yg paling murah, tak perlu menginap effective interest kalau ga salah pasti 6-7%/p.a

This post has been edited by Ramjade: Nov 6 2015, 10:03 AM

Not true. According to this article, there are some people who put FD in India (malaysian who frequently fly to India)

http://www.themalaysianinsider.com/malaysi...mic-uncertainty

bro, you need to learn to analyse and read posts carefully. not just simple reply and get your post count up. you have been doing that.

does not make sense to fly to a foreign country just to place deposit (singapore excluded). political/economy stability, flight/time cost to be considered. foreign workers can transfer funds and place fd there. currency fluctuation not big concern as they can still use the currency there (family/relative). there is also a reason why their fd is high interest, economic uncertainty!

he's purely think about $ and sen, not other elements.

another batch of useless discussions.

bro, do you fly to india frequently as mentioned in the article? are you an indian and have relatives there?

please analyse situation more detail. will stop on this discussion here.

Come on man. Think of it this way if their exchange rate does not fluctuate much, air ticket cost say rm100/way = RM200/return trip (air Asia promo time) If you can put rm100k, and say taxis only rm100, flight is like 2 hours (kl-kuching is 2 hours), put for 2 years at say 8%, able to earn rm16k in 2 years, your cost of bringing back the money is rm300 (as shown above) I think is worth it.

(Rm15700/rm100k x 100%) /2 = 1 year returns is approximately 8%

That is if their exchange rate does not fluctuate much.

This post has been edited by Ramjade: Nov 6 2015, 10:28 AM

No offence... I am stationed in Indonesia, definitely not a problem for your queries 1 and 2 above.
For no.3, i have a bank which company worked closely with, due to my relationship with them, they offered me 1 year period but no penalty to break in between and interest counted till the day i break...

Basically, most of the bank in Indonesia allow Foreigner to have a bank account and also accept foreign currency and eventually converted to Rp...

If you have some trusted person here in INdonesia, you can ask them to place FD for you and you pay he/she Rm and of coz share abit of your interest to your friend as helping in great...

tun, thinking too shallow. please see what i said earlier.

we talked about malaysia fd. please stop this useless discussion.

Agreed. The pages moved very fast but unrelated posts.

Can anyone confirm RHB 3 months 4.2% is pure FD? Tq

Yes pure FD with minimum fresh fund 10k

can apply online like CIMB ? or need to walk in with cash/cheque?

cannot. perlu pergi ke branch

hmmm.... anyone got this? just made an online FD placement in UOB. what is this?

it is a gift from Uob for placing their efd, let us know when you received it

for first 400 customer starting nov 1. did they say what gift or mystery gift?