Interbank GIRO

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.

Fee & Charges

INDIVIDUAL
ITEMSCHANNELS
IRAKYATMOBILE BANKINGATMOVER THE COUNTER
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 YesYes
Availability of beneficiaries' names and payment references in payers' bank statementNo NoNo
Future-dated paymentYes NoNo
Operating hours24hrs 24hrsBank business hour
Transfer FeeRM0.10

-

RM0.10RM2
Transfer Fee (Senior Citizen & Disabled ) 

-

 Free of Charge


NON INDIVIDUAL
ITEMSCHANNELS
IRAKYAT COMMERCEMOBILE BANKINGATMOVER 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 CorporateRM500,000

-

Not offeringRM1 Million
Payment reference
Availability of payee's name and transaction in beneficiaries' bank statement.Yes

-

Not offeringYes
Availability of beneficiaries' names and payment references in payers' bank statementNo

-

Not offeringNo
Future-dated paymentNo Not offeringNo
Operating hours24 hours

-

Not offeringBank business hour
Transfer FeeRM0.10

-

 FOC
  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

PAYMENT INITIATED BY CUSTOMERSFUNDS RECEIVED BY BENEFICIARIES*REFUND FOR UNSUCCESSFUL TRANSACTIONS

Business Days

(Mon-Fri)
Before 5.00 amSame Business DayBy 11:00 am

By 5:00 pm

5:01 am – 8:00 amBy 2:00 pmBy 8:20 pm
8:01 am -11:00 amBy 5:00 pmBy 11:00 pm
11:01 am – 2:00 pmBy 8:20 pmBy 11:00 am, Next Business Day
2:01 pm – 5:00 pmBy 11:00 pm
After 5:00 pmNext Business DayBy 11:00 amBy 5:00 pm, Next Business Day
Non- Business Day (Saturday, Sunday and Federal Territory Public HolidaysNext Business DayBy 11:00 amBy 5:00 pm

*Under normal circumstances

Steps by Step Guides


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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