Announcement on Special Deposit Facility ("SDF")/Special Deposit Facility-i ("SDF-i") Account Closure effective 31st March 2018

Dear Valued Customers,

We wish to inform that Special Deposit Facility ("SDF)/Special Deposit Facility-i ("SDF-i") accounts will be closed effective 31st March 2018.

All SDF/SDF-i accounts with zero balance will be closed automatically. Whereas for those accounts with existing balances, we will credit the outstanding balance from this account into your existing Malaysian Ringgit (MYR) operating account maintained with your Maybank/Maybank Islamic home branch. Should you have more than one operating account at your home branch, Maybank/Maybank Islamic home branch will have the discretion to identify the operating account to receive the same.

If you would like to designate an alternate account (either Maybank/Maybank Islamic or other bank's account) where your export proceeds from the Trade MFCA/MFCA-i should be credited into, please contact your relationship manager or refer to your Maybank/Maybank Islamic branch for assistance.

Please note that the 3.10% per annum rate of return/hibah (if any) will no longer be applicable after 31 March 2018 regardless if there is a closure of SDF/SDF-i or otherwise.

We thank you in advance for your kind cooperation and understanding.

 

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