Are u sure hlb will minus 2 days interest?

I thought that statement is just to tell the FD is valid if the cheque clear.

wrong post

This post has been edited by sms2u: Mar 19 2016, 11:16 AM

i do no think so, can u show the exmple how you do the calculation and it minue the 2 days interest?

if jsut looking for fresh fund, then, u can transfer to other bank and transfer back to MBB.

But, Some bank practise to check the different of balance in the earlier of period (calendar month) and current balance.
Example, 23 Mar 2016, balance 10,100 and u transfer out 10,000 to make the balance to 100 on 24 Mar 2016.
Now, u transfer back 10,000 back to that bank on 25 Mar to make the balance 10,000
If the bank check the different of balance, it will be 0 as 10,1000 - 10,100

a) how u do it? ask teller to give u cash when uplift and u use the same cash to deposit? this way may be consider fresh fund, but no do it so abvious lah
if u uplift the fd direct to SA, no considered fresh fund.

b) some bank practise full amount must be frsh fund, some no

normally, no differentlah for either conventional FD and eFD.

Also, pls check with bank if the money deposit via IBG/instant transfer within how many days still considered new funds.

No body will care, I had requested the thread owner (may be no the current thread owner) to do so, but , thread owner no agree.