If your final screen shows RM0.00, then it correct.
Because if you are doing a premature withdrawal or early upliftment of your FD, system will show a warning of how much it will forfeits your interest.

This post has been edited by sirius2017: Jun 26 2023, 09:03 AM


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Mine didn't have this premature withdrawal warning.

But why they show RM0.00 interest in the final screen if it's already mature. Confusing

1st attempt is around 9pm, second attempt is around 9pm+ (continue from first attempt). Have stopped and call MBB CS then I asked me to wait for 30min to try again at lower balance 10K or wait until tomorrow to test it. So, tried at RM10K and still the same message.

Your eFD is matured today and likely to be auto renewed.
RHB system will processed the changes at their end of day night processing. Somehow RHB online cannot reflected the new information today like other bank online system.
This is why you are still seeing the current information which is confusing.

If you wait until tomorrow, you will see your FD renewed etc and had accrued interest for 1 day based on new rate.
You will see the screen similar to mine where you will lost 1 day interest if you withdraw.

Yeah, RHB system is a bit confusing. I have encountered this before too.

As discussed in this forum last year, the zero interest shown is based on the renewed FD today i.e. accrued from today onwards. If withdrawn today, will get full interest for the FD maturing today. I got my interest when I withdrew online on the maturity date itself.

It should be fine to withdraw your FD today @sirius 2017 but, if in doubt, just check with their CS.

OK i took the plunge and perform the withdrawal just now. You guys were right, full interest was credited.

On the desktop final screen it shows RM0.00, but later the secure authorization approval screen on the phone did show the interest. So it's all good now.

Thanks!

can i do it OTC? or FPX only?

sorry newbie here. if no saving account how did u place the fd? bring cash or cheque to the bank?

Either one also can..

If u dare, no worries... Hard cash

Scared. Then it's Cheque... Depending on branch... Some open FD placement on the spot... Some ask come after few days... To collect... Need to wait Cheque cleared first....

I already put a substantial amount in BI, more than im comfortable with so putting funds in other banks fd. Im only talking about Alliance cuz someone asked if its legit and why no one talking about it.

And yes, for BI dun need to open any savings account when placing fd but u will need to open one eventually for them to credit the fd upon maturity. U can place the fd otc using cash or cheque. Cant do online. First time customers will have to meet officer and answer a few questions. Subsequent placements will be more starightforward.

My first time at BI was told to come back a few days to collect the fd cert, but a fren i introduced got his cert the same day. So my 2nd placement i told the officer my fren got his cert the same day then they also gave me my cert the same day.

This post has been edited by Jwkhor: Jun 26 2023, 01:36 PM

Just placed Bank Raykat 8 months 4.11% last week.
Saving account is needed due to monthly interest.
Saving account (Savings-i) can be create online via "Brick: Bank Rakyat". Need to visit the selected branch for verification.
Original utility bills is needed for verification (preferable hardcopy, or just email them and ask them to print for you while you at the branch, address need to match with your IC, utility bill's name does not matter).
FD Certificate can be collected after 2 working days.

Went to bank islam today to place more FD. Both times i went there i felt like VIP cos either no body there or very less people there, and i was able to settle my FD placement in a very fast speed. The staff there are nice and friendly too.

One question :

What would happen if we lost the FD cert?

This post has been edited by HolyCooler: Jun 26 2023, 06:15 PM

Go back to the home branch when you originally placed your FD.
Reported that you have lost the FD cert. You will need to pay RM10 per cert for stamp duty.

During the Covid time, I had reported "lost" of BI FD cert. Told the teller I couldn't find them etc.
Just have to pay RM10 per certificate for stamp duty and signed some paperwork and you are good to go.

Got it. Thanks for the info man

the lady at BI told me i have to make police report about it and bring the report to the BI.

so technically BI fd is 4.25%. but why is everyone saying 4.5%? and the advertisement says "extra profit UP TO 4.25"? im a lil confused ..plus what's the catch of OPR+1.5% here lol

Old Ads ..

Didn't update

Old OPR is 2.75

New OPR is 3

So 3+1.5 = 4.5 😁

where BI 4.25%?

Probably referring to this below 👇

I was asking him to show where he got the info.