RHB Bank FD Promotion

RHB Bank has offered new promotions on Commodity Murabahah Deposit-i (CMD-i) and e-Commodity Murabahah Deposit-i (e-CMDi) accounts. Based on the tenure, deposit amount, and the placement criteria, you can choose the promotion that suits you. 

RHB Bank Fixed Deposit Promotion

Promotion 1:

Open a CMD-i account with RHB Bank and make a minimum deposit of RM10,000 in new funds. The deposit must be maintained for a tenure of 5 months to get a promotional rate of 4.25% p.a. The profit will be credited to your CASA/-i upon maturity.

You must open an account and the sum must be deposited over the counter at the nearest branch office.

Participating Products Minimum Deposit Amount Deposit Tenure Promotional Rate
Commodity Murabahah Deposit-i RM10,000 5 months 4.25% p.a.

Promotion 2:

Open an e-Commodity Murabahah Deposit-i (e-CMDi) Account via RHB Now Internet Banking and place a minimum deposit of RM5,000 for 3 months based on your convenience. You can earn a promotional rate of 4.00% p.a.  

Fund transfer must be made via FPX from another bank in order to make the deposit. A maximum of RM30,000 can be transferred per transaction on FPX.  

Participating Products Minimum Deposit Amount Deposit Tenure Promotional Rate
e-Commodity Murabahah Deposit-i (e-CMDi) RM5,000 3 months 4.00% p.a.

RHB Bank Fixed Deposit Promotion Start & End Date

Promotion 1:

The promotion is valid from 3 January 2019 until 28 February 2019

Promotion 2:

The promotion is valid from 12 November 2018 until 31 March 2019.

RHB Bank Fixed Deposit Promotion Terms & Conditions

Promotion 1:

  • You must have a valid RHB Bank/RHB Islamic Bank CASA/-i for the purpose of crediting the profit.
  • The amount deposited in CMD-i will be automatically renewed upon maturity for the same tenure.
  • Prevailing board rates will be applied upon renewal.  
  • Partial withdrawal is not allowed.
  • No profit will be paid if you make a premature withdrawal of the deposit amount.

Promotion 2:

  • You can open an e-CMDi from 12:16 a.m. to 11:59 p.m., any day of the week during the promotion period.
  • The profit payment will be done upon maturity.
  • New customers must open an RHB CASA-i in order to get the profit credited. Existing customers can use their CASA for the same.
  • Upon maturity, the e-CMDi will be automatically converted to a CMD-i  and renewed for the same tenure.
  • No profit will be paid if you make a premature withdrawal after 1 January 2019.

Conclusion

Hurry and place funds in the deposit account of your choice before the promotion expires. Do not miss the opportunity to earn higher returns on the amount you deposit. Also, go through the terms and conditions carefully to avoid any sort of confusion.

RHB Bank FD Promotion FAQs

Q. I am a non-resident of Malaysia. Am I eligible for the promotional benefits? 

A. Yes. The promotion is open for both residents and non-residents of Malaysia. 

Q. Are the participating fixed deposit accounts protected by Perbadanan Insurans Deposit Malaysia (PIDM)? 

A. Yes. The funds placed in the CMD-i and e-CMDi accounts are protected by PIDM.  

Q. What is the effective profit rate applicable upon renewal of the CMD-i and e-CMDi accounts? 

A. An annual effective rate of 3.67% p.a. will be applicable upon automatic renewal of your CMD-i account. In another case, an annual effective rate of 3.44% p.a. will be applied for e-CMDi account 

Q. Can I withdraw funds from my CMD-i/e-CMDi account? 

A. RHB Bank advises that you do not uplift/withdraw funds from the CMD-i/e-CMDi account before maturity. If you still want to do so, you will not receive any profit on the deposit amount. 

Q. What is the latest FD board rate applicable to the FD accounts? 

A. The FD board rates applicable to 5-month CMD-i account and 3-month e-CMDi account are  

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