Savings-i Account

Savings 

Savings-i Account

The Savings-i Account enables you to deposit your money safely based on the principle of Tawarruq and Qard. The money may be withdrawn at any time.

Concept

  • Tawarruq
  • Qard


Types of Accounts

There are 3 types of Savings-i Account:


ADULT

  • Open for all clients aged 12 and above
  • May be opened with or without a savings book
  • May be opened without a deposit

TEENAGER

  • Open to all teenagers aged 15 to 21 years old

NURI KIDS SAVINGS-i ACCOUNT

  • Open to all children aged 12 years and below
  • Accounts are managed by the parents / legal guardians or the closest family member as a trust holder
  • Auto enrollment as Nuri Club Member
  • Withdrawal is limited to once a month

NURI TEENS SAVINGS-i ACCOUNT

  • Open for all children aged above 12 to 18 years old
  • Joint or Individual Account
  • Auto enrollment as Nuri Club Member

Product Features

  • Minimum deposit to open an account is RM20
  • Kad Rakyat facility (ATM Card)
    • Perform withdrawals at Bank Rakyat ATMs or any ATM with MEPS / BANKCARD logo across the country
    • Perform money transfers and one-stop bill payments via ATM and counters.
  • Internet banking facilities i-Rakyat

Profit Rates/Historical Hibah Rates

Profit Rates (Tawarruq)

Savings-i Account

Amount (RM)

Profit Rates (p.a)

0 - 999

0.00%

1,000 - 99,999

1.00%

100,000 and above

1.25%

Nuri Kids & Nuri Teens Savings-i Account

Amount (RM)

Profit Rates (p.a)

1- 19,999

0.50%

20,000 - 49,999

1.00%

50,000 - 99,999

1.50%

100,000 and above

2.00%

Historical Hibab Rates (Qard)

Savings-i Account/ Nuri Savings-i Account

Amount (RM)

Hibah Rates* (p.a)

0 - 999

0.00%

1,000 - 99,999

1.00%

100,000 and above

1.25%

*IMPORTANT/ DISCLAIMER:

THE DISCLOSURE OF HIBAH RATE AS SHOWN ABOVE IS THE PREVIOUS HIBAH RATE PAID BY THE BANK TO DEPOSITORS AND SHALL NOT BE CONSTRUED IN ANY WAY AS AN INDICATIVE OR PROSPECTIVE RATE.

THE BANK IS NOT OBLIGED TO GRANT THE HIBAH TO THE DEPOSITORS AND DECLARATION OF THE HIBAH RATE DISPLAYED IS AT SOLE DISCRETION OF THE BANK.


Eligibility

  • Citizens and non-citizens

  • Requirement to Open an Account

    • For Citizens
      • Individual accounts
      • Joint Accounts
      • Associations and Clubs (established and registered in Malaysia)
      • Mosque / Surau Committee (established and registered in Malaysia)
      • Co-operatives (established and registered in Malaysia)
      • Companies:
        • Funded by Bank Rakyat
        • Performs contractual work for Bank Rakyat
        • Co-operates with Bank Rakyat such as Amanah Raya Berhad and Syarikat Takaful Malaysia Sdn Bhd
        • Bank Rakyat subsidiaries
    • For Non-citizens
      • Individual Accounts


    Required Documents

    CITIZEN

    • For individuals
      • Identity Card
      • If below 18 years old, additional documents required
        • Photocopy of mother / father / legal guardian's identity
        • Birth certificate
    • For associations / organisations / co-operatives / companies
      • Resolutions / decisions / minutes excerpt of Board of Directors / Committee / General / Annual meeting which comprises the following :
        • Authorisation to open a savings account
        • Name, identity card number and position of the authorised signatory
        • Name and identity card number of the representative liaising with the Bank
        • Registration Certificate
        • Identity card photocopy of authorised signatories and representative
        • Specimen card authorised by the authorised signatory and stamped with the association or organisations stamp

    NON-CITIZEN

    • For permanent residents:
      • Identity card issued by the National Registration Department
    • For those employed:
      • Passport
      • Work Permit
      • Company verification letter (employer)
    • For students
      • Passport
      • Student pass
      • Matrix Card
      • Higher Education Institute (IPT) verification letter


    Representative to Operate Bank Account


    Fees & Charges

    SERVICE

    TRANSACTION

    CHARGE

    Debit Card

    Application fee

    RM 8.00*

    Debit Card

    Annual card fee

    RM 8.00*

    Debit Card

    Replacement card - Card loss/theft

    RM12.00*

    Debit Card

    Replacement card - Card/chip damage

    Free

    Savings Book

    New book due to lost of old book

    RM16.00

    Savings Book

    Book replacement due to damage

    RM5.00

    Account Statement

    For each application

    RM10.00

    Account Closure

    Less than 3 months from the new account opening date

    RM10.00

    Note: The dormant account with credit balance of less than RM10 will be closed by the Bank and whatever balance will be absorbed as a fee to the Bank.

    Lost of Passbook: Clients must fill in the loss of savings book Report Form and the Stamped Loss/Damage Savings Account Testimony Letter. Clients may report on the loss of savings book and account closure at any nearest branch.

    Terms and conditions of savings account-i 

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