check if name is not exactly the same in MBB and OCBC....single name or joint name account?

even with a prefix Mr XXX... that would be problem for KDI system

All my accounts are single name, no joint account.

The statements from both banks have Mr prefix alright. I am not sure why KDI fails at this. Most databases are design to have names without prefix, IT fail 101. Anyway I must remember to use tiger bank since it is registered as default bank.

Update : Send in statement, according to KDI it's resolved.

This post has been edited by CPURanger: Mar 11 2025, 10:08 AM

I faced this issue too recently while trying to deposit money into luno using my OCBC acc. I received email from LUNO that my deposit is rejected because its not from my personal account and funds will be reversed. normally i use other bank to deposit so I never faced this issue before.

Then the next day LUNO emailed me tell me that the reason the fund was rejected is because my OCBC bank name not tally with my name. It showed my acc number instead. so they asked me to provide bank statement for them to manually allocate the fund. I obliged and got the money deposited in LUNO a few hours later.

LUNO recommend reaching out to OCBC Bank to inquire about the FPX buyer name changes made on their end. So much hassle.

this is my 1st time withdrawal .


take a day to submit withdrawal ==== wasdted 1 working day
next day ---status SUCCESSFUL , $ deducted ---- im here .


question .
i didnt see the option where the $$$ going to be withdrawal to .
is it where the bank i did the deposit ?
and $$$ will arrive tomorrow ? (effectively 3 working day? )


thank you .

You did see this when you're at the withdrawal page right?


Anyway, if you make the withdrawal before 11am, high chance you'll get your money on the same evening. Else it will be the next day.

And yes, money will go to the same bank account you registered when you create your KDI account.

If I pay in using FPX to KDI cash after 11 am, the effective date would be T+1?

This post has been edited by FloralEmbrace: Mar 14 2025, 04:20 PM

I just did a interest calculation to compare interest for Jan vs Feb 2025 based on rm50k deposit. Source: KDI Save monthly statement.

The interest was 4.04% for Jan and 3.66% for Feb.
Can somebody verify? TIA

yes, better park into TnG GO+ or Boost/Rize bank first, then only FPX into KDI the next day

you check it properly cant be so high 4.04%, interest is paid daily see if it is RM5.40
that is 3.94%
and cant be so low as 3.66% also

Wow my withdrawal took a long time

Requested: yesterday 7am
Got email from KDI saying withdrawal successful: today 4pm
Money show up in bank account: 8-9pm

Took in total 37-38 hours

Yesterday Public Holiday ma.. so today only process.. so the 4pm email n funds in acc 8pm+ is the normal experience ive had

cause public holiday.. i also forgotten about it and made deposit at 1am.. today 4pm only reflected.

missed 1 day's interest

Feb short month .

Is the interest calculated on daily rest for KDI Save? This is the calculation I did but it doesn’t match what KDI shows in the ap. App shows RM89.96 which I cannot get from my computation

This post has been edited by FloralEmbrace: Mar 24 2025, 09:23 AM


Attached thumbnail(s)

Use the formulae to get Daily Interest Amount=Value of investment*((1+EAR)^(1/366)-1)

The weekend will get interest too if the deposit amount is done on Friday before 11 am, thereafter, it will be the next working day.

KDI FAQ:-


This post has been edited by SydneyKL: Mar 24 2025, 11:45 AM

this is for leap year. this year use 365 instead

well, you won't get interest for 24/3 yet but u would get interest for 13/3
4% EAR for the 1st RM 50,000

Yes, use 365 days. My bad.

Has anyone who has made withdrawls the 'proper way' (submission made before the 11AM cut-off time on a working day) experience delays in receiving the funds?

The posts here about delays seem to be due to withdrawls submitted on weekends/public holidays..

Withdrawals have been spot-on for me all these while since their launch to date.