Bank Rakyat Fixed Deposit

Posted By admin On 14/07/22

Bank Rakyat deposit interest rates presented on Malaysia Fixed Deposits are reviews of financial products taken from banks and financial institutions in Malaysia. Bank Rakyat deposit interest rates information is meant for personal use only.

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  2. RM60,001 to RM10,000,000 per certificate. Minimum tenure is one (1) day. Tenure of more than five (5) years is subject to approval by the Securities Commission of Malaysia. Profit rate is based on the Bank's prevailing profit rate and determined upon placement of deposit together with the tenure.
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Terms & Condition
Fixed
Product brochure
Bank Rakyat Fixed Deposit
Product disclosure sheet
  • Savings-i & Deposit-i
Term Deposit Account-i assists you for a smart financial management planning. You may increase profit potential and expand your financial management systematically and more securely.
  • Personal Accounts
  • Joint Accounts
  • Trust Accounts
  • Association/Cooperative/Corporate Accounts
  • Government Entity Accounts
  • Profit rate is determined at the opening of an account
  • Deposit of more than RM5,000, profit can be paid monthly (minimum 6 months)
  • Automatic renewal upon request
  • Deposit Certificates may be used as collateral for other Syariah-compliant financing
  • Takaful coverage

Bank Rakyat Fixed Deposit Interest Rate 2020

Rakyat
  • Individuals (individual, joint or trust
  • Cooperatives that are established and registered in Malaysia
  • Charities/Club/Association that are established and registered in Malaysia
  • Private and Government corporate company
  • Government Agencies
DURATION MINIMUM DEPOSIT
1 month RM5,000
2 to 60 months RM500
Deposit
TRANSACTION CHARGE
Replacement of lost certificates RM10.00 (stamp duty)
PERIOD OF DEPOSIT (MONTH) RATES (%)
INDIVIDUAL
1 1.75
2 1.80
3 1.90
4 1.90
5 1.90
6 2.05
7 2.05
8 2.05
9 2.10
10 2.10
11 2.10
12 2.20
15 2.20
18 2.20
24 2.25
36 2.30
48 2.40
60 2.50

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Product disclosure sheet
Uncallable Negotiable Islamic Debt Certificate (UNIDC) is a deposit product which pays a fixed profit rate on the given maturity date.

Bank Rakyat Fixed Deposit Rate

CONCEPT

Bank Rakyat Fixed Deposit Interest Rate

Tawarruq

FEATURES

Bank Rakyat Fixed Deposit

Deposit Amount RM60,001 to RM10,000,000 per certificate.
Deposit Tenure
  • Minimum tenure is one (1) day.
  • Tenure of more than five (5) years is subject to approval by the Securities Commission of Malaysia.
Profit
  • Profit rate is based on the Bank's prevailing profit rate and determined upon placement of deposit together with the tenure.
Redemption
  • Customer will receive principal plus profit upon maturity for the certificate issued at FV or nominal.
  • Customer will receive the face value amount upon maturity for the certificate issued on discounted basis.
  • Early redemption is disallowed, however, customer may sell the certificate of UNIDC in secondary market for liquidation purpose.
Payment upon maturity
  • Deposit upon maturity will be paid to the customer/ holder of UNIDC certificate according to the instruction provided.

Bank Rakyat Fixed Deposit Promotion 2019

Bank rakyat fixed deposit promotion

For further information, you may view the Product Disclosure Sheet (PDS).