Once the notice is given, the customer is not allowed to change the instructions and uplift the Fixed Deposit until the end of the ‘Notice Period’.The accrued interest will be calculated daily up to the end of the ‘Notice Period’.Customer must have a current or savings account with the Bank.Based on customer’s notice, the principal amount and the accrued interest will be credited on the day 32 nd into customer’s desired current or savings account available at the Bank.A notice in writing with the intention to premature the FD (With Notice Period) must be given to the branch.50% of the contracted interest rate is payable when a ‘Notice Period’ of 31 days (inclusive of the day of notice) is given by the customer at the branch.Example of Immediate FD Premature Withdrawal Calculation:įixed Deposit Premature Withdrawal (With 31days’ Notice Period).No interest shall be paid on any immediate fixed deposit premature withdrawal (Without 31 days’ Notice Period) that has not completed its respective full tenure period.Immediate Fixed Deposit Premature Withdrawal (Without 31 days’ Notice Period)

With effect from 1 January 2019 (“Effective Date”), the new premature withdrawal rule for all existing, renewed and new placements of Conventional Fixed Deposit are as follows :.

Terms and Conditions on Fixed Deposit (FD) Premature Withdrawal

In accordance with the Unclaimed Moneys Act 1965 (revised 1989) the money in the Fixed Deposit under Automatic Renewal shall be classified as Unclaimed Moneys if the Fixed Deposit is not operated for a period of seven (7) years from date of deposit or date of last transaction, whichever is later.

Please contact the nearest Maybank branch for the latest ratesĬomputation of Interest shall be based on the number of days within the term of the deposit. What interest rates can you expect from us?Īll interest / dividend rates quoted may change without prior notice.

Rhb fixed deposit rate 2021