Notices

[31/05/18]
0% GST charges
From 1 June 2018, Goods & Services Tax (GST) is charged at 0% for applicable services. We will be updating all relevant documents and forms to show this change in GST. In the meantime, please continue using the existing documents and forms and we will process your transactions at 0% GST. For more information, please visit www.ocbc.com.my/fees.
[14/02/18]
Revision on interest/profit payment for premature withdrawals
There will be a change in interest/profit payment for premature withdrawals of Ringgit Fixed Deposit (FD), Ringgit Fixed Deposit-i (FD-i) and Ringgit Time Deposit-i (TD-i) as shown below:
Placement/Renewal Premature Withdrawal Placement Period How much interest will be paid
Before 5 Mar 18 Anytime ≤ 3 months
> 3 months 		No interest will be paid
50% of contracted rate for each completed month
From 5 Mar – 31 Dec 18 Before 1 Jan 19 ≤ 3 months
> 3 months 		No interest will be paid
50% of contracted rate for each completed month
On or after 1 Jan 19 ≤ 3 months
> 3 months 		No interest will be paid
From 1 Jan 19 onwards Anytime ≤ 3 months
> 3 months 		No interest will be paid
Example:
Placement/Renewal Premature Withdrawal Placement Period How much interest will be paid
RM10,000 on 1 March 2018 for 12 months at contracted rate 4.00%p.a.

Maturity date:
1 March 2019 		27 July 2018 Completed month = 1 March 2018 to 1 July 2018

(122 days) 		RM10,000 x 4.00% p.a. x 122 days/365 days x 50%
= RM66.85