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 Fixed Deposit Rates In Malaysia V. No.13, Strictly for FD Discussion Only

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TC-Titan
post Jun 1 2016, 10:28 PM

My Life for Aiur~!
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Joined: Mar 2014


Eh, I thought PBB eFD can do upliftment online?
TC-Titan
post Jun 2 2016, 09:44 AM

My Life for Aiur~!
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Senior Member
820 posts

Joined: Mar 2014


QUOTE(bbgoat @ Jun 2 2016, 08:59 AM)
6 years ago I did eFD placement with PBB. Still have to collect the FD cert from the branch later. Cannot uplift online, only placement. So is yours placed some time ago ? Recently they seemed to have upgraded their eFD, so not sure for the last 1 year eFD placement.  biggrin.gif
*
Can boss, unless I got the uplift definition wrong haha

QUOTE
PB eFD is open to existing PBe individual customers aged 18 years and above and sole proprietors who has an existing conventional personal Current Account or Savings Account (CASA).
NO FD Receipt will be issued for a PB eFD placement.
Your PB eFD placement will be effective from the date of application.
PB eFD transactions are available between 6 a.m. - 12 midnight
Tenure available : 1 - 24, 36, 48 and 60 months
Minimum Deposit Amount : RM1,000
Interest Payment Mode:
Tenure Interest Payment Mode
1 to 12 months 
Credit into account* monthly; or 
Credit into account* upon maturity; or 
Add on to principal upon maturity 
13 - 24, 36, 48 and 60 months 
Credit into account* monthly
* Conventional personal CASA (Designated CASA) which is the source of fund for the PB eFD placement.

Selection or change of interest payment mode is not applicable for 13 - 24, 36, 48 and 60 months PB eFD as only one option available for the said tenures i.e. credit into account monthly.
PB eFD can be withdrawn on the same day of placement. However, both placement and withdrawal transactions for the particular day will not be reflected in the PB eFD quarterly statement.
In respect of PB eFD tenures of 1, 2 or 3 months, no interest will be paid on PB eFDs withdrawn prior to maturity.
In respect of PB eFD tenures exceeding 3 months, no interest will be paid on PB eFDs uplifted before the completion of 3 months. For PB eFDs uplifted prematurely, after the completion of 3 months, interest will be calculated and paid at half (1/2) of the original contracted rate for each completed month.
If the interest payment mode selected is "credit into account monthly", the interest due for a premature withdrawal transaction may be in a negative (-) amount due to the claw back of the monthly interest that has already been credited into a Current Account or Savings Account. The clawed back interest will be deducted from the principal upon premature withdrawal.
Partial withdrawal for PB eFD is not allowed.



TC-Titan
post Jun 2 2016, 10:08 AM

My Life for Aiur~!
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Senior Member
820 posts

Joined: Mar 2014


QUOTE(bbgoat @ Jun 2 2016, 10:01 AM)
So as I said, PBB has updated their eFD service recently.

If u already know can uplift, why still ask this question ?  dry.gif  tongue.gif
*
Coz I saw the following at the first post, which I thought wasn't true on the PBB eFD. So must ask to see if my understanding is wrong versus the sifus here lo. wink.gif

QUOTE

Banks that offer true eFD (can do placement & uplift online)
i) AmBank
ii) AmBank Islamic - Minimum Fund for 1 month = RM1,000, Rate: 3.15%p.a.
iii) RHB
iv) Maybank
v) CIMB
vi) Alliance Bank
vii) Hong Leong
viii) UOB
ix) OCBC

Banks that offer online FD placement (cannot uplift online)
i) Affin
ii) Public Bank
iii) Citibank - contributed by bbgoat



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