FRIA-i 45Plus is a fixed return investment account for senior citizen age 45 years and above where the profit rate is made known earlier to the Customer upon application based on the Tawarruq transactions.
|The concept of||Tawarruq|
|Tenure||6, 12, 24, or 36 months|
Fixed Profit Rate determined upon placement or renewal of account
|Profit payment option||
|Type of account||
Note: Any changes subject to the Bank's discretion.
- Senior citizen age 45 years and above
- Open for individual account only
- Types of individual account for this product are classified into:
|Individual Account||Account that is opened by individual aged 45 years old and above.|
|Joint Account (Individual)||
Fees & Charges
|Brokerage fee (Withdrawal less than 3 months)||Brokerage fee will be charged at 0.05% on the total investment or RM50.00, whichever is lower.|
|Replacement of lost Investment Deposit Statement / Certificate||RM5 per Statement / Certificate|
Note: The bank will send at least 21 days notice to customers before any changes is made to the fees and charges.
Notes: The above fees and charges are subject to 6% GST