FYI downloaded my June 2024 statement on Sept 1. You might want to recheck.

Anyone facing withdrawal delay from kdi save? I withdrew from my kdi save yesterday morning 8:30am but until now money not credited to my bank account. Customer service officer said it only affected yesterday withdrawal and I should expect the money to be credited by end of today.
First time facing this and lose confidence with the same day withdrawal promise.

Anyone facing withdrawal delay from kdi save? I withdrew from my kdi save yesterday morning 8:30am but until now money not credited to my bank account. Customer service officer said it only affected yesterday withdrawal and I should expect the money to be credited by end of today.
First time facing this and lose confidence with the same day withdrawal promise.

First time facing this and lose confidence with the same day withdrawal promise.

since when did they promise same day withdrawal

Maybe not explicitly stated but all this while it's been same day withdrawal if requested by 11am on working day.

Maybe not explicitly stated but all this while it's been same day withdrawal if requested by 11am on working day.

Yep, it's always been same day in my own experience.

Is this a way for them to save interest cost, since we are not getting interest, but they are able to use the funds for a day for free?

On the other hand, just wonder how long they can continue to pay 4% rate for deposits, when money market funds are now earning around 3-3.3%

Same day still my last 2 withdrawals last week..

1 day late is rare

is the system down? i accidentally click save into invest on 19.9 . till now not reflected into invest. i wan to take out asap. then invest withdrawal also on 19.9 till now not reflected. show 0.00 my account both

Applied for KDI on Aug 26, today only approved. 3 days short of 1 month. I already move most of my money into Ryt and Aeon FD.

2 weeks after apply, only they started doing some KYC. Granted I did ask them, and they say huge amount of application, so many delays.

KDI still reliable right guys? I see so many messages about delays above...

Expansion of Sales and Service tax (SST) on Specified Financial Services Fees and Charges.

Just received the above via e-mail. Does these include deposit and withdrawal for KDI Save?

Expansion of Sales and Service tax (SST) on Specified Financial Services Fees and Charges.

Just received the above via e-mail. Does these include deposit and withdrawal for KDI Save?

The interest received from KDI Save is fully exempted from personal income tax.

In general, an individual resident enjoys tax exemption on interests received from:
(1) Negotiable certificate of deposit [Income Tax (Exemption) (No. 7) Order 2008]
(2) Rediscounting of banker's acceptance on repurchase agreement or any similar instrument of trade financing which is traded in money market fund [Income Tax (Exemption)(No. 7) Order 2008]
(3) Money deposited in any savings deposit, current deposit, fixed deposit or investment deposit with licensed banks [Income Tax (Exemption) (No. 7)Order 2008]
(4) Debentures or sukuk, other than convertible loan stock, approved or authorized by, or lodged with, the Securities Commission [Para 35, Sch 6 of Income Tax Act 1967]