Discontinuation of Public Bank’s Online Facility for Additional Investments for Public Mutual Investors
Dear Valued Customers,
Please be informed that with effect from 7 May 2015 the Bank will discontinue the additional investment of Unit Trust (UT) funds and Private Retirement Scheme (PRS) funds via the following channels:
||Automated Teller Machine (ATM)
Purchase or investment of additional UT funds and PRS funds can be performed via Public Mutual Online at https://www.publicmutualonline.com.my/
Customers who are not PMO subscribers may apply for PMO via PBe as per the following steps:
Logon PBe > Investment > Public Mutual Unit Trust > Register PMO
Should you require further assistance please contact us at 1-800-22-9999 or your account holding branch.
Any inconvenience caused is much regretted.
Discontinuation of Takaful Coverage for Bestari Savings Account-i
Dear valued customer,
We wish to inform you that in compliance with the Islamic Financial Services Act 2013 (IFSA), we have streamlined all our products under Mudharabah concepts to Wadiah concepts. Accordingly, we have converted your Bestari Mudharabah Saving Account-i (BMSA-i) to Bestari Savings Account-i (BSA-i). For your information, BSA-i is structured under the Shariah concept of Wadiah Yad Dhamanah which refers to a contract between the customers and the Bank where the funds are for safe keeping purposes. Under the BSA-i, hibah may be given at the Bank’s discretion.
In the mean time, please be informed that with effect from January 2015, Public Islamic Bank has discontinued the following benefits:
||Free Personal Accident Takaful coverage up to a maximum of RM50,000-00 against death and total permanent disablement (TPD) for minors and parents/guardian up to 65 years of age maintaining joint account or account on behalf of minors.
||Funeral expenses of RM500-00 given upon death of each minor, parents or legal guardian.
Please be advised that we will not impose any fee and charges on the above conversion exercise.
We would like to thank you again for banking with us and we look forward to your continuous support.
Goods and Services Tax (GST)
Public Bank Berhad (GST Reg. No. 000025354240)
Public Islamic Bank Berhad (GST Reg. No.002112782336)
With the implementation of the Goods and Services Tax (GST) scheduled for 1 April 2015, please be informed that certain goods and/or services supplied by the Bank to you will be subject to GST.
You will be required to pay fees and charges and the chargeable GST with effect from 1 April 2015. In addition, where the Bank provides taxable supply of goods or services for a period, or progressively over a period, before 1 April 2015 and which ends on or after 1 April 2015, the portion of the supply which is made on and after 1 April 2015 shall be subject to GST. Accordingly, you shall be invoiced for the portion payable or your account with the Bank will be debited together with the GST amount payable, if any.
Please log on to the Royal Malaysian Custom's website at www.gst.customs.gov.my for more information on GST.
PB FD Xtra Campaign
We are pleased to announce that the campaign period for “PB FD Xtra” Campaign will be extended to 30 June 2015.
Click here for more information on the Campaign
With effect from 24 December 2014, the promotional interest / profit rate for PB FD Xtra Campaign for the first 6 months will be revised upward to 4.08% p.a. (previously 3.83% p.a.). The promotional interest / profit rate for the next 6 months (rollover) shall remain unchanged i.e. 4.28% p.a.
For customers who participated in this Campaign prior to 24 December 2014, you will be entitled to enjoy the same promotional interest / profit rate of 4.28% p.a. for the next 6 months (rollover).
Click here for Terms and Conditions (for customers who participated prior to 24 December 2014).