Individual

1. 18 years old and above
2. Teen (13 years old to 17 years old)

b) Minimum Initial Purchase and Subsequent Purchase

It is compulsory to have a Bank's Current Account-i or Saving Account-i or Investment Account-i (CASAIA) before you can open the Bank Rakyat eGold Account-i account to facilitate the following transactions :

1. The Bank will debit or credit the amount from your CASAIA to execute your buy and sell gold transactions.
2. The Bank will debit any applicable fees and charges from your CASAIA.

You have the option to convert your gold ownership in the Bank Rakyat eGold Account-i account into physical gold bar in the denominations as per below: 

• 0.5 gram
• 1 gram
• 5 grams
• 10 grams
• 50 grams
• 100 grams
• 4.25 grams
• 21.25 grams

You have the option to convert the physical gold bar via: 

Note: 

You are allowed to transfer your available gold balance in your Bank Rakyat eGold Account-i account to another Bank Rakyat eGold Account-i account registered under a third-party individual account holder. Transfer is subject to a maximum gold value of up to RM50,000 per day based on the prevailing Bank buy price.

However, the gold transfer feature will only be made available upon notification by the Bank and is subject to the terms and conditions governing the Bank Rakyat eGold Account-i

1. The selling and buying prices will be quoted daily from 8:30a.m to 11:59p.m in Malaysian Ringgit (MYR) by the Bank based on live pricing.
2. The selling price denotes the price at which the Bank sells the gold to you.
3. The buying price denotes the price at which the Bank buys the gold from you.
4. The selling and buying prices are displayed on iRakyat.
5. Since the Bank offers a real-time market prices, the actual Bank buying price or selling prices will be determined when the respective transaction is performed.

The Bank will:

1. Safekeep your purchased gold in a security vault provided by an established service provider, and -
2. Maintain all the records provided by the service provider related to your gold;
3. Debit your CASAIA and pay storage fee to the security vault service provider. The Bank reserves the right to waive the fees at its discretion.
4. Make any claims to the service provider in the event of any negligent act or omission by the service provider; and
5. To assign and re-assign the physical gold bar serial number for you.

Note:

The gold conversion charges are imposed by the gold vendor.

Note:

1. All delivery will be made by the gold vendor or its agents and will be made to your last registered mailing address and information, including name of beneficiaries and contact number stated in iRakyat unless stated otherwise in writing to the Bank.
2. The delivery services charges are imposed by the gold vendor appointed by the Bank.