Velocity@ocbc
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1300 88 7000

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(603) 8317 5200

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Your inward and outward calls with OCBC may be recorded. For details, please refer to our Data Protection Policy


IMPORTANT NOTICE:



Enhancement of Foreign Exchange Administration Policies


A Resident exporter is allowed to retain in its Trade Foreign Currency Account (TFCA) held with the Bank foreign currency export proceeds up to

a. 25% of the export proceeds; or

b. the resident exporter’s six months foreign currency obligations* that exist on the date of receipt of the export proceeds. The balance of foreign currency proceeds from export of goods shall be converted into ringgit.

*Only applicable if the aggregate amount of existing balance in the resident exporter’s Trade Foreign Currency Account and proceeds retained under subparagraph (a) above is insufficient to meet the resident exporter’s six (6) months foreign currency obligations that exist on the date of receipt of the export proceeds.

Revision on FD/TD-i interest/profit on premature withdrawal/early settlement


For Ringgit Fixed Deposit, Ringgit Fixed Deposit-i or Ringgit Time Deposit-i placed on and after 5 March 2018 no interest /profit will be paid at all for premature withdrawal/early settlement made on or after 1 January 2019. Premature withdrawal/early settlement made before 1 January 2019, as well as all placements made before 5 March 2018 will not be affected by this revision.

Velocity@ocbc Training:

Click Here for Velocity WebEx training schedules and registration.

Starting a new business?

The MYR Business Current Account helps you get started with low initial deposit and cheaper transaction rates.

Loans for your everyday business needs

Choose from a variety of loans to enhance working capital and expand your business.