What Is i-bizRAKYAT

i-bizRAKYAT is an internet banking platform from Bank Rakyat, specifically designed for institutional customers (i.e. Cooperative / society / corporate / companies / organization) to perform online banking transactions).

Services Offered

ACCOUNT MANAGEMENTAssist you to manage your company’s account.
RENTASReal Time 3rd party payment/funds transfer via RENTAS subject to minimum transaction amount of RM10,000.
BULK TRANSACTIONSThis feature will enable transaction to be done in bulk i.e payment for dividend, suppliers, etc.
FUND TRANSFER (INTRABANK & INTERBANK)The Intrabank Service will enable funds to be transmitted to your other accounts or 3rd party accounts within Bank Rakyat. The interbank fund transfer via IBG will enable fund transfer to your accounts or 3rd party accounts at other banks via Paynet Interbank Giro (IBG) subject to maximum amount of RM 500,000 for each transaction.
BILL PAYMENTThis function allows you to:
1) Pay utilities
2) Donate to charity organization of your choice
PAYROLL PAYMENTUse this facility to perform salary payment.
REMITTANCE FOREIGN TTThis service will enable remittance of fund to overseas.
ZAKAT PAYMENTZakat payment to Pusat Zakat is possible.
FINANCING PAYMENTThis function enables you to manage your financing facility with Bank Rakyat.
FPX DIRECT DEBIT PAYMENT FPXis an online platform for payments or purchases of goods and services for both customers and merchants. It is a project spearheaded by Bank Negara Malaysia to create an efficient Internet-based online payment gateway for business-to-business (B2B) or business-to-customer (B2C) participants.

Fees and Charges

RENTASRM 2.00 per transaction
Bulk TransactionFree
Intrabank TransferFree
Interbank Fund Transfer (IBG)RM 0.10 per transaction
Bill PaymentFree except for the following agencies : 
  • Majlis Daerah Jasin 
  • MARA 
  • Perbadanan Bekalan Air Pulau Pinang
  • Perbadanan Tabung Pembangunan Kemahiran (PTPK)
  • TEKUN 
  • Yayasan Sarawak
  • MERCY Malaysia
  • Yayasan Canselor (Dana Waqaf) UKM
Payroll PaymentFree
Remittance Foreign TTRM 22 per transaction
Zakat PaymentFree
Financing PaymentFree
FPX Direct Debit PaymentTo Be Notified

Crediting Time

ServicesTransaction TimeReceived by the BeneficiaryRefund Time
Intrabank Fund TransferMonday – FridayImmediatelyNot Applicable
Non-business days
Interbank GIRO (IBG)Monday - Friday
 Before 5.00 amSame day By 11.00 amBy 5.00 pm
 5.01 am – 8.00 amSame day By 2.00 pmBy 8.20 pm
 8.01 am – 11.00 amSame day By 5.00 pmBy 11.00 pm
 11.01 am – 2.00 pmSame day By 8.20 pmBy 11.00 am, next business day
 2.01 pm – 5.00 pmSame day By 11.00 am
 After 5.00 pmNext business day By 11.00 amBy 5.00 pm
 Non-business days (Saturday, Sunday and Federal Territory Public Holidays)Next business day By 11.00 amBy 5.00 pm
RENTASMonday – FridayImmediately8 am – 6 pm business day
Non-business daysNot offering

Click here to view FAQs of i-bizRAKYAT 

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

*Terms and conditions apply.

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