Not a sifu, but i just dropped my other FDs that matured today all into TIA.

1. I did it online. Don't know if can do OTC, but I only do my transactions online.
2. Yes, from an existing HLB account. I FPX the amount from my other bank first.
3 I'm only small fish, my transactions are within the daily FPX limit. You can also try adjusting the max FPX limit allowed
4. Yes, you need to complete a survey for financial risk. I guess you've never tried Islamic banking before, but it forbids GUARANTEED profits and giving out INTEREST.

It's a long story of how and why but basically it boils down to this transaction is considered for as a "joint business venture" between you and the bank putting money together and sharing both profit (if I'm not miskaen, it's called hibah) and risk. Hence the profit sharing ratio.
In real world equivalent, this is analogous to  the conventional banking FD.

FYI, even regular islamic savings account they don't give INTEREST in percent. They will say give out hibah based on profit earned (which is typically quite standard). The islamic banking system is devised in a way to create similar (but not nearly identical) aspets of the conventional banking system.

If you're still uneasy then you can choose the regular eFD.

Yes, EPF's RM 60K per year is maximum.

I just placed Alliance's 3.8% FD for 6 months.
I will withdraw RM 10K from Alliance Bank's saving next monday then deposit to EPF...

many had mentioned that FD does not have that long locked period condition....

  for those that can afford the 60k locked till 55

At this FD rate, it can't even cover inflation.

if you have mbb casa, can use the fund directly. just remember to choose Islamic Fixed Deposit (eIFD-i)

if fund directly from other banks, then FPX transfer is the method (source bank -> FPX -> maybank eFD/eIFD)

note: just tried FPX, it can do placement, but rate is just 2.55% @ 6 month. better do placement from m2u casa.

I have zero in FD now.  Moved all to either ASM or SSPN since they are not that diffult to withdraw.    Very exhausting selalu mau cari new rates to place them esp short term ones.

asm managed to buy? sorry might be oot. tried clicking whole day  sometimes lol

No money how to invest? 

BR: 2.75% pa for 11-months

No question asked usually for BR and yes effective same day but may need to collect cert after 2 days

I tried calling a branch using the tel number which i had previously.
It gets diverted automatically to the call centre (the same 1300 number)
Yes..their CS is quite clueless 

what issue are you facing?

googled and found this...

If want to place for their p1m11 at 2.75 % or p1m7 at 2.55 % OTC last day 15 Nov 2020, just simply go with at least 10k cheque. Or better still,  tranfer into your Bank Rakyat casa account. The only catch is whether the branch at Bangsar Baru is open. If closed, then use their HQ nearby Brickfields. I just placed a 2.75 % today at Section 14 PJ. Of course they may simply revise down the rate if OPR changes down earlier.

That bank landline phone diversion problem with Bank Rakyat - that is one of the ancient problem I also had before but even with handphone number can have problem. Some other banks are OK with branch telephone numbers, others like to go through some hassle or simply impossible.

From my personal survey and checking experience, in general call centre staff are usually dependent on their online updates and hence usually clueless about actual situation on the ground especially anything specifically special operationally or implied in badly worded or inaccurate generic or badly updated and confused documents. Clueless or consistently inconsistent or having no real expereince or speaking wrongly about accounts/promos they do not have is normal. Do not ever believe whatever you read or hear but crosscheck for inconsistencies/contradictions and impossibilities in as many documents as possible with understanding how errors are made and neglected normally. The number of times played out cannot even be counted. Don't talk about eating more salt than rice, should talk about being rubbed with salt on wounds.

DON'T JUST SIMPLY MOAN & GROAN, U CAN CAUSE CHANGES

After experiencing a lot of inconsistencies, it is fairly reasonable to conclude that various grades of bank branches and HQs normally DO NOT  practice a standard SOP even if there is such a thing or have very definite minimum time performance standards. As a human interaction activity, this requires active and close observation and corrective discussion by the supervisors and bank managers to overcome the daily problems and solve them better. If you can spare the time to observe the various customer requests/dilemmas and listen to bank staff, you will find that it is not only the staff but also some distant operative/decider who is also screwing things up. Since it is quite unlikely to always meet enlightened staff who are a delight to deal with, your best course is to make it a delight for them to deal with you in the hope that it be reciprocated.

If you want the banks to change, you need to act to make that change - something which purposeful discussion, sharing, comparisons and positive good examples here can also do indirectly. If many readers share the same thoughts and voice them, eventually some of the more committed, ambitious and internet savvy bank staff and managements may learn something good for their own careers/business here especially from the customer point of view. For this to happen faster and better, try to introduce this thread as something different from usual dry FD sites to their staff and management. Yes I admit frankly as an ex-administrator and an implementor, that there are little and big things that can be done better and in  more sensible ways.

Somebody commented that I had my own purpose here in this thread. Yes it is true, one of my hopes is that local banking ways can change encouraged by a more educated, sharing and positively critical readership in this thread. My other purpose here, is to leave answers/analysis, methods  to various banking real life situations and calculations and terminology needed as future references as a learning guide for my children when they have to take over fund management.

cimb 12m tia 2.6 no more?

So for those TIA account that was placed before last Friday, the rate will automatically be revised to 2.3% from what I understand, right?

Today in Affin to withdraw FD which matured on Sat.

Without asking, the counter girl added in the 2 days interest, good ! No need customer to ask. Moreover it was at the 4.23% rate of that FD.

She however tried to ask me to continue FD there. The rate mentioned was 2.28% for 12 mths, for OTC rate. With RM500 earmarked in SA ?

Anyway has other intentions for that fund. Still not sure to go to MBSB, buy UT or what. Place in MBB GIAi first.