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Investment Versa

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cybpsych
post Jul 10 2023, 12:34 PM

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QUOTE(jenern84 @ Jul 10 2023, 11:18 AM)
Versa only or versa-i as well?
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QUOTE(Barricade @ Jul 10 2023, 11:59 AM)
4.3% for how long?
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all same t&c as before

https://versa.com.my/versa-cash-3-2-net-ret...rate-promotion/
cybpsych
post Jul 16 2023, 02:19 PM

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QUOTE(IWannAAR @ Jul 16 2023, 11:25 AM)
"For Versa Cash, there are 0.30% per annum management fees and 0.05% per annum trustee fee."

what does this mean? 4.3% is before inclusion of the fees?
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read

https://versa.com.my/versa-cash-3-2-net-ret...rate-promotion/
https://versa.com.my/versa-cash-4-net-retur...rms-conditions/
cybpsych
post Jul 17 2023, 07:50 PM

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QUOTE(cybpsych @ Apr 3 2023, 03:35 PM)
i can click into Versa Cash-i

main page, tap Savings icon, then tap into Versa Cash-i, then there's [Cash In Now] button
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QUOTE(fruitie @ Jul 17 2023, 06:36 PM)
I have been a Versa Cash user for many years... I'm an inactive user, just put some money there and ignore it. tongue.gif Actually how can I have a Versa Cash-i account as well? I want to help to put some of my mom's funds so that our savings and interest will be separated if it can be divided into Cash and Cash-i. I tried checking around the app, but I could not find it. Did I overlook something? Appreciate your advice.
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above, I believe still same method

good idea to separate savings 'pot' for different person biggrin.gif

you can also use Rize too.
cybpsych
post Jul 23 2023, 06:23 PM

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QUOTE(wan7075 @ Jul 23 2023, 01:27 PM)
may i know the unit price will up or down?
if it drop mean we lose capital right? TQ
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cash or invest?
cybpsych
post Jul 25 2023, 09:21 AM

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QUOTE(jenern84 @ Jul 25 2023, 08:07 AM)
Is the cash bonus credited to your bank account or reinvested as units again?
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all reinvested automatically

you only get $$ in your bank account when you explicitly request for withdrawal
cybpsych
post Jul 27 2023, 04:07 PM

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QUOTE(uglyduckling422 @ Jul 27 2023, 03:31 PM)
sorry for stupid question. versa and versa i what is the difference?
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keyword: shariah-compliant

Get to know Versa Cash-i, our new Shariah-compliant Islamic money market fund -

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This post has been edited by cybpsych: Jul 27 2023, 04:08 PM
cybpsych
post Aug 12 2023, 02:58 PM

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QUOTE(gooroojee @ Aug 12 2023, 01:37 PM)
For those who leaves exactly RM30,000 in their Versa save account, how much did you get for 1-31 July and how much did you get as additional cash rebate to hit the 4.3%?

I only saw like RM60+ in returns and then cash rebate was only about RM18.

4.3% is supposed to be RM1,290 a year or RM107.50 a month. These returns fall short.

Since everyone gets the same return, wanted to check what everyone else is seeing?
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did you take account 4.3% only begin 10 July onwards?
cybpsych
post Aug 14 2023, 06:34 PM

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QUOTE(virtualgay @ Aug 14 2023, 02:43 PM)
Just did a withdrawal of RM10.01 from my Versa-i
Performed the transaction before 12pm
Let us see how long the money takes to come out
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if after 1030am, tomorrow lor
cybpsych
post Aug 15 2023, 07:42 AM

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QUOTE(virtualgay @ Aug 14 2023, 10:05 PM)
before 10:30AM same day will receive the money?
i will try again tomorrow withdraw another RM10.02
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cybpsych
post Aug 15 2023, 04:25 PM

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QUOTE(virtualgay @ Aug 15 2023, 02:28 PM)
about what time does it take to hit our account?
i check now still the 10.01 and 10.02 yet to come in
10.01 i withdraw yesterday before 12
10.02 i withdraw today before 10AM
both also not in my account
btw this is my first time withdrawing
is this applicable for both versa-i and versa?
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long time didnt withdraw from versa

previously was later at night, roughly 7-8pm.

the day havent end yet, check until 11pm.
cybpsych
post Aug 17 2023, 12:33 PM

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QUOTE(virtualgay @ Aug 16 2023, 09:27 AM)
the withdrawal was yesterday before 10AM
till now nothing
VERSA-CASH
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gotten your money?
cybpsych
post Aug 17 2023, 01:55 PM

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QUOTE(virtualgay @ Aug 17 2023, 01:49 PM)
Yes again is 1 day delay if is versa cash even u withdraw before 10
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versa cash is always T+1 mah


cybpsych
post Oct 8 2023, 04:42 PM

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QUOTE(ScrappyCoCo @ Oct 8 2023, 04:26 PM)
Is Versa reliable? I heard alot said it's complicated, some said it's flagged as fraud.

I'm comparing with KDI not sure where to put my 30k.
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who (which authority) said versa is flagged as fraud?

complicated to use, no

complicated to count the interest, yes

mostly I dumped 30k and let it autopilot for few months, or as long as promo rate still applies.


cybpsych
post Oct 8 2023, 08:52 PM

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QUOTE(ScrappyCoCo @ Oct 8 2023, 08:49 PM)
Not authority, but netizens.

Anyway bro any advise? Versa or KDI better? Versa really give out 4.3% pa interest?
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less headache, go with KDI
cybpsych
post Oct 23 2023, 02:26 PM

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new android update

// Release Notes:

- Introducing Versa Retirement: We’re proud to unveil our all-new product suite, Versa Retirement! Now, you can plan for your future with confidence with Private Retirement Scheme (PRS) funds.

- Enjoy a refreshed app interface with a sleek and intuitive design that makes managing your finances effortless. Navigate seamlessly through our features, making your financial planning a breeze.

- We’ve also implemented minor security and feature enhancements along with bug fixes. //

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This post has been edited by cybpsych: Oct 24 2023, 07:50 AM
cybpsych
post Oct 23 2023, 03:38 PM

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QUOTE(!@#$%^ @ Oct 23 2023, 03:25 PM)
any info about the fund?
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check the app and email notification just sent out
cybpsych
post Oct 23 2023, 04:20 PM

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QUOTE(ronnie @ Oct 23 2023, 03:42 PM)
where's the button for Versa PRS ?
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update your app
cybpsych
post Oct 23 2023, 05:24 PM

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QUOTE(ronnie @ Oct 23 2023, 05:19 PM)
AppStore iOS stays latest hahahaha... i guess need to wait.
It's under the Invest Now button ?
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no, there's a new button [Retirement] on the main page. it's been redesigned per current release.

ios, as usual, pending approval.
cybpsych
post Oct 24 2023, 07:59 AM

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QUOTE(lovelyuser @ Oct 24 2023, 07:46 AM)
Aiyoh, you dunno just diam diam lar! Don't give wrong info lar!

Annual fee is NOT around RM8 and NOT depends on the fund, it's fix at RM 8 only if you have new investment on that year!

Can someone teach me how to report this misleading post?
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there's a report button below each post
cybpsych
post Oct 24 2023, 12:43 PM

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QUOTE(ronnie @ Oct 24 2023, 10:30 AM)
Does this mean in Income Tax Relief for PRS, we get to claim RM2992 only ?
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QUOTE(victorian @ Oct 24 2023, 12:41 PM)
Tax claim amount should be inclusive of the annual fee.

Pay 3k, claim 3k
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from prs page

INDIVIDUAL TAX RELIEF

You can enjoy tax relief on your gross contribution, i.e. inclusive of upfront charges.

For example, if an individual invested RM3,000 with a Provider and that Provider deducted RM10 for account opening fee, and RM50 for sales charge, the full RM3,000 is eligible for tax relief, and not RM2,940.

Tax relief of up to RM3,000 per annum will be applied on taxable income, for individual on contributions made to the PRS from assessment year 2012 to 2025.

Individuals may claim their individual tax relief or the PRS under Section F-F18 of the BE Form.
Contribution statements to support the claim for tax relief may be obtained from the Provider as proof of investment made for the year of assessment.


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