Fixed Return Islamic Account-i (FRIA-i) 45Plus

FRIA-i 45Plus is a fixed return investment account for senior citizen age 45 years and above where the profit rate is made known earlier to the Customer upon application based on the Tawarruq transactions.

Type of account

Individual Accounts

The account is opened by individuals aged 45 years and above during account opening.

Joint accounts

The primary holder must be a person aged 45 years and above during opening an account.

Type of Profit Payment

Upfront security deposit will be paid on the effective date of deposit.
Profit on monthly basis, half yearly, annually or maturity date will be paid on the due date (point to point) deposit.

Tenure

6, 12, 24 and 36

Minimum Initial Amount

Profit Rate

Predetermined fixed profit rate upon opening an account or renewal of account.

Note: Any changes subject to the Bank's discretion.

Eligibility Criteria

Individual Account	Account that is opened by individual aged 45 years old and above.
Joint Account (Individual)	Account opened by a group of not more than 5 persons. The primary holder must be a person aged 45 years old and above during opening an account.

Brokerage fee (Withdrawal less than ninety (90) days)	Brokerage fee at 0.05% on the total deposit or RM50.00, whichever is lower, will be borne by the Bank. However this amount will be borne by Customer in the event of premature withdrawal, within ninety (90) days and below, from the date of deposit placement.
Replacement of lost Term Deposit Certificate	Stamp duty of RM10.00 for Letter of Indemnity and RM5.00 per Certificate will be charge.
Replacement of damaged Term Deposit Certificate	RM5.00 per Certificate will be charge.