Overview
Junior Savings Account-i is a deposit account based on the Shariah concept of Mudharabah, a contract which offers an attractive profit sharing ratio with monthly dividend payment. The profit will be shared based on a mutually agreed Profit Sharing Ratio (PSR) between you and the Bank.
To establish a habit of life-long savings for your children, the first small step is made easy by introducing our Junior Savings Account-i. By allowing your child to participate in the process of opening his or her junior account, they will have a feeling of power and a strong sense of responsibility over their future.
This is where RHB Islamic Bank comes in playing our part being socially responsible by educating and securing a better future for your children.
| Eligibility |
- Individual Account
Individuals aged 12 to 17 years old (account can be solely managed by them with the consent of their parents/guardian/trustee)
- Trust Account
Individuals aged below 12 years old
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| Initial Deposit |
An initial deposit of RM100 is required when opening of account. Minimum balance to be maintained in the account at all times is RM1. |
| Features & Benefits |
- Attractive and competitive profit sharing ratio
- Monthly dividend payment
- Monthly statement of account
- Debit card (for individuals aged 15 years old and above)
- Enjoy Takaful personal accident protection coverage up to RM50,000 (based on the value of your savings account and subject to a minimum average monthly balance of RM1,000)
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