Eligibility

• All Malaysian citizens below the age of 18 years old.
• Bestari Mudharabah Savings Account-i is basically an individual Savings Account for minors below 18 years of age which can be opened as follows:
  

  Account Type Opened in the name of And the mode of operation is... Eligible for PB BankCard? On-Behalf Parent/legal guardian on behalf of minor below the age of 12 - No Personal Individual who has attained the age of 12 but below 18 years old - Yes Joint • Individual (above the age of 12 but below 18 years old) AND parent/legal guardian • Two or more individuals (one must be between 12 to 18 years of age) Any one to sign Yes Jointly to sign No

Terms/Benefits

• A minimum account opening deposit is RM10-00. Minimum balance of RM1-00 is required to be maintained at all times.
• Free personal accident takaful coverage by Syarikat Takaful Malaysia Berhad against death and total permanent disablement (TPD) to all depositors aged 14 days old (newborns) to below 18 years old and parents/legal guardians up to the age of 65 years maintaining joint account or on-behalf of minors.
• Subject to minimum coverage of RM10-00 and maximum coverage of RM50,000-00.
• Bankcard services available for 12 years old and above.
• Account will automatically be converted to Wadiah Savings Account-i once the account holder reaches 18 years of age.
• No limit on number of withdrawals and no penalty imposed for withdrawals.
• Funeral expenses (khairat kematian) of RM500-00 will be given upon death of each minor, parents or legal guardian.
• A newly designed savings account passbook will be given to account holders.

Terms & Conditions Apply

This is an eligible deposit covered by PIDM.

• Click here for Profit Sharing Ratio