AgroTani-i PLUS is a Shariah-compliant savings account tailored for all Individuals that provides a simple solution to address your financial needs. Categories of the account are Individual Account, Joint Account and External Account.
Shariah Concept
- The applicable Shariah concept is Tawarruq. Tawarruq consists of two (2) contracts of sale and purchase. The first transaction involves the sale of Commodity by the seller (Customer) to the purchaser (Bank) based on deferred payment. Then the purchaser (Bank) at the first sale transaction will sell these Commodities to a third party (Commodity Supplier) for cash.
PRODUCT DETAILS
Types of Account and Applicant Eligibility
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ACCOUNT DETAILS |
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Individual Account |
This account is for Malaysian citizen or Permanent Resident aged 18 years old and above. |
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Joint Account |
Account managed by a group of Individuals aged 18 years old and above and the group must not exceed 5 people. The primary account holder must be a Malaysian citizen or Permanent Resident. |
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External Account |
Non-Resident (Individual or Joint Account) aged minimum of 18 years old during the account opening. |
Minimum Initial Deposit
- Individual Account (Malaysia Citizen): Minimum amount of initial deposit is RM20.00
- Joint Account (Malaysia Citizen): Minimum amount of initial deposit is RM100.00
- Individual Account (Permanent Resident/ Non- Resident): Minimum amount of initial deposit is RM100.00
- Joint Account (Permanent Resident/ Non- Resident): Minimum amount of initial deposit is RM100.00
Minimum Balance
- Individual and Joint Account (Malaysia Citizen): Minimum balance shall not be less than RM10.00 at any time.
- Individual and Joint Account (Permanent Resident/ Non-Resident): Minimum balance shall not be less than RM20.00 at any time.
PRODUCT BENEFITS
- Customer having chances to join Agrobank Campaign and Promotion.
- Profit credited monthly according to current Effective Profit Rate specified by the Bank.
- Passbook less account opening. A statement can be accessed through Internet Banking.
- Agrobank Contact Centre operates 24 hours.
- Wide access to any retail merchants using Agro VISA Debit-i card.
- Convenient and secure online transaction via AGRONet Internet Banking.
