• Public Islamic Bank Fixed Deposit Rates

    Public Islamic Bank Fixed Deposit

    Public Islamic Bank Fixed Deposit

    Being one of the top Islamic banks in Malaysia, Public Islamic Bank operates strictly on the concepts of Shariah. The bank offers varied funding options and term deposits specifically designed for the customers who want to watch their savings grow safely without putting up with the risks of high-end investments. Those who would like to save for a rainy day or any future expense, then the Public Islamic Bank Fixed Deposit plans are a good choice.

    Public Islamic FD Interest Rate Table

    Tenure Profit Rate (%)
    1 Month 2.95
    2 Months 2.95
    3 Months 3.00
    4 Months 3.00
    5 Months 3.00
    6 Months 3.05
    7 Months 3.05
    8 Months 3.05
    9 Months 3.05
    10 Months 3.05
    11 Months 3.05
    12 Months 3.10
    13 to 60 months Negotiable

    Why choose Public Islamic Bank Fixed Deposit plans?

    The term deposits offered by Islamic bank offer fixed profits for short as well as long term deposits to suit the requirements of the customers from all walks of life. Any individual of the age 18 years and above regardless of their religion and nationality are eligible to apply for these term deposits. The maximum tenure of the fixed deposit goes as long as 60 months and the shortest term deposit plan is for only 1 month. Since this is a flexible term deposit, customers are free to withdraw the funds before maturity by paying early settlement charges are paid.

    What is so special about Public Islamic Bank Fixed Deposit Scheme?

    The fixed term deposit program is protected by PIDM (Perbadanan Insurans Deposit Malaysia) which safeguards the interests of customers against bank failure or any economic political upheaval. The customers need to deposit an initial amount of RM5,000 for atleast one month. The bank has acquired highly uniform policies towards the withdrawal of funds from account thus the customers are free to redraw the amount in case of emergency expenditure. One more thing about these term deposits is there is no limitation on the maximum deposit amount i.e. however big the amount, the bank will accept it.

    How to apply for the Public Islamic Bank Term Deposit Plan?

    The bank has provided various options to facilitate easy application procedure. Customers can apply via Public Bank ATMs or by going to the bank branch. Users who are Public Bank Card members can apply online through the official website of the bank.

    What documents are required to apply for the Public Islamic Bank Fixed Deposit Scheme?

    The application process has been kept as hassle-free and convenient as possible. The customers are required to submit an application form along with the copy of NIRC/ID, copy of salary slips of last 3 months, copy of bank statements of last 6 months, copy of current account/savings account statements of last 6 months, etc.

    What methods are available to pay the monthly installments on Public Islamic Bank Fixed Deposit?

    There are various methods made available by the banking foundation so that customers do not have to face any inconvenience; online banking transfer, cash deposits, cheques submission, phone banking, Public Islamic ATMs and standing instruction to the bank are the major modes of payment.

    Are there any additional charges on the Public Islamic Bank Fixed Deposit Plan?

    All costs incurred by the customer shall be communicated before he or she signs up for the fixed term deposit with the bank such as stamp duty charges, a closure of account fees (maximum RM20), cheque encashment fees, half yearly service charges, handling fees, etc which make up the total of less than RM50.

    Other Products offered Public Islamic Bank:

    Apart from offering Fixed Deposit,Public Islamic Bank offers other products and services which include:

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