Personal

Customer Facilities / Interbank GIRO

Interbank GIRO (IBG) is an electronic fund transfer payment system which allows transfer of funds between financial institutions without raising physical supporting documents such as cheques. This service reduces the crediting time between accounts especially out-of-town transactions. The transactions allowed by IBG are as follows:

  • Fund transfer or debit bank account of up to a maximum of RM1,000,000 per transaction over the counter (OTC).
  • Fund transfer to bank accounts of participating banks.
  • Financing repayments and credit card payments of participating banks.

Fees and Charges

INDIVIDUAL
ITEMS CHANNELS
IRAKYAT MOBILE BANKING ATM OVER THE COUNTER
Fees and Charges (RM per transaction) RM0.10*   RM0.30* RM2.12
Daily transaction limit (RM per day)

RM50,000 (combined limit with IBFT)

  RM 50,000 (combined limit)

RM1 Million

Payment reference        
Availability of payee's name and transaction in beneficiaries' bank statement. Yes   Yes Yes
Availability of beneficiaries' names and payment references in payers' bank statement No   No No
Future-dated payment Yes   No No
Operating hours 24hrs   24hrs Bank business hour
NON INDIVIDUAL
ITEMS CHANNELS
IRAKYAT COMMERCE MOBILE BANKING ATM OVER THE COUNTER
Fees and Charges (RM per transaction)
Sole-proprietors, partnership, SME 1 and other corporate

RM0.10* per transaction

Bulk Payment: RM0.10* per transaction

-

Not offering

RM2.12 per transaction

Bulk Payment: RM0.80 per transaction
Maximum Transaction Limit (RM per transaction)  

-

   
Sole-proprietors, partnership and SME 1 and Other Corporate RM500,000

-

Not offering RM1 Million
Payment reference
Availability of payee's name and transaction in beneficiaries' bank statement. Yes

-

Not offering Yes
Availability of beneficiaries' names and payment references in payers' bank statement No

-

Not offering No
Future-dated payment No   Not offering No
Operating hours 24 hours

-

Not offering Bank business hour

1.For manufacturing sector, sales turnover not exceeding RM50 mil or full-time employees not exceeding 200 workers; for services and other sectors, sales turnover not exceeding RM20 mil or full-time employees not exceeding 75 workers

Note: *6% GST is paid by Bank Rakyat.
Charge stated is including 6% GST, if any
FOC for senior citizens and the disabled persons

Crediting Time (Individual)

PAYMENT INITIATED BY CUSTOMERS FUNDS RECEIVED BY BENEFICIARIES *REFUND FOR UNSUCCESSFUL TRANSACTIONS

Business Days

(Mon-Fri)
Before 5.00 am Same Business Day By 11:00 am

By 5:00 pm

5:01 am – 8:00 am By 2:00 pm By 8:20 pm
8:01 am -11:00 am By 5:00 pm By 11:00 pm
11:01 am – 2:00 pm By 8:20 pm By 11:00 am, Next Business Day
2:01 pm – 5:00 pm By 11:00 pm
After 5:00 pm By 11:00 pm By 5:00 pm, Next Business Day
Non- Business Day (Saturday, Sunday and Federal Territory Public Holidays Next Business Day By 11:00 am By 5:00 pm
*Under normal circumstances

Steps by Step Guide

For any enquiries, please visit the nearest bank or call the tele-Rakyat Contact Centre at 1-300-80-5454

*Terms and conditions applied.