sorry to sound stupid but can somebody explain what uplifting is?
If it is withdrawing or closing the account why must use funny meaningless word like uplifting?

Is the interest taxable?
I remember last time only terms of more than 12 months are tax free. Anything less than that, the bank will deduct tax before paying you.
Any idea what the current situation is?

That is what I thought too. However RHB bank site shows there is still a withholding tax of 5% imposed on interest earned on deposits of less than 12 months.


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