• BSN Basic Current Account-i

    Start your business or manage your organisation's finances with a basic current account. Enjoy your essential banking needs, low initial deposit and profit on all balances.

    Apply Now
    BSN Basic Current Account-i

    Start your business or manage your organisation's finances with a basic current account. Enjoy your essential banking needs, low initial deposit and profit on all balances.

    Apply Now

BENEFITS OF BSN BASIC CURRENT ACCOUNT-i

Low Initial Savings

Open an account with just RM20.

Earn Profit on All Balances

Competitive rates and monthly crediting of profit earned on a daily accrual.

Nationwide Branch Access

The largest availability of over-the-counter services in the nation.

Over-the-Counter Banking

Cash withdrawals, deposits and statements via over-the-counter at BSN Branches are free of charge.

Online Friendly

Online banking via mobile and internet channels for easy transactions.

No Introducer Required

No introducer to open an account, just walk in and apply.

No Minimum Balance

Mobilise all your funds without restrictions.

Penjaja Friendly

Simplified on-boarding for Penjaja, including Hakwers and Street Vendors.

BSN Basic Current Account-i is based on the Shariah concept of Tawarruq (Commodity Murabahah)

Tawarruq consists of two sale and purchase contracts. The first involves the sale of an asset by a seller to a purchaser on a deferred basis. Subsequently, the purchaser of the first sale will sell the same asset to a third party on a cash and spot basis.

  • Open to Malaysian Business and Non-Business entities.
  • Account opening can be done over the counter at any BSN Branch nationwide.
  • No minimum savings amount to be maintained. Withdraw up to your last cent at any time.
  • Savings requirements:
CategoryMinimum Initial Savings AmountMinimum Savings Amount to Maintain

Business

RM20RM0 

Non-Business

  • Profit rate calculated on daily rest:
Balances (RM)Profit Rate p.a.

All balances

0.25%

  • Cash withdrawals, cash and cheque deposits over-the-counter at BSN Branches nationwide are free of charge.1
  • No annual fees or maintenance fees are imposed.
  • Bill payment, account enquiries and transfers within BSN accounts via BSNeBiz Internet Banking and BSNeBiz Mobile App channels are free of charge.
  • The first two (2) Interbank GIRO over-the-counter transactions in a month shall be charged at RM0.50 per transaction, while each subsequent transaction in the same month shall be charged at RM2.00 per transaction.
  • Interbank transfers, DuitNow transfers via over-the-counter, BSNeBiz Internet Banking and BSNeBiz Mobile App channels respectively are free of charge for transactions below RM5,000 in a single transfer. A fee of RM0.50 is applicable for any transfers amounting to RM5,000 and above in a single transaction.

NOTES:

  1. Over-the-counter refers to transactions made through normal counter services at BSN Branches nationwide during normal banking hours.
Organisation TypeDocuments

Private Limited Company (Company Sendirian Berhad [Sdn. Bhd.])

  • Letter Head
  • Form 24
  • Form 49
  • Form 49 - Company Secretary Information
  • Form 9 (Certificate of Incorporation)
  • Memorandum and Articles (M & A)
  • Company Resolution (proposal to open an account and appoint the account operator)
  • Copy(ies) of Account Administrator’s Identification Documents
  • Copy(ies) of Identification Documents for Company Directors
  • *Section 14 (Particulars of Member).
  • *Section 14 (Particulars of Director).
  • *Section 15 (Notice of Registration).
  • *Section 58 & 236(2) (Notification of First Company Secretary)
  • *Company Resolution / Minutes Meeting (proposal to open an account and appoint the account operator)

*Applicable for Companies registered after 31 January 2017.

Government Bodies/ Government-Owned Companies, Government-Linked Companies, Financial Institutions

  • Letter Head
  • Minutes Meeting (proposal to open an account and appoint the account operator)
  • Copy(ies) of Account Administrator’s Identification Documents
  • Other documents (subject to requirements from time to time)

Sole Proprietorship/ Enterprise/ Partnership/ Licensed Penjaja (Hawker/Street Vendor)

  • Letter Head [exempted for Licensed Penjaja (Hawker/Street Vendor) that does not possess Company Registration Certification (“SSM”) under SSM]
  • Form D (Company Registration Certificate) / Form E (Registration Renewal Certificate) OR License for Penjaja (Hawker/Street Vendor) issued by the relevant Local Authorities or any other authorities with the authority and jurisdiction (including DBKL, Municipal Council, City Council).
  • Copy(ies) of Identification Documents for Account Operator

Clubs/ Societies/ Organisations

  • Letter Head
  • Minutes Meeting (proposal to open an account and appoint the account operator)
  • Small Constitution Document
  • Certificate of Registration
  • Copy(ies) of Identification Documents for Account Operator

Co-op Company (Cooperatives)

  • Letter Head
  • Minutes Meeting (proposal to open an account and appoint the account operator)
  • Small Legislation / Body Legislation
  • Certificate of Registration of Cooperative

Professionals (Lawyers/ Doctor/ Accountants and others)

  • Letter Head
  • Document from the professional bodies (Example : Bar Council)
  • Copy(ies) of Identification Documents for Account Operator
  • Certificate of Registration

Sole Proprietorship / Enterprise / Partnership (Sabah) / Licensed Penjaja (Hawkers/Street Vendor)

  • Letter Head [exempted for Licensed Penjaja (Hawker/Street Vendor) that does not possess Company Registration Certification (“SSM”) under SSM]
  • Copy(ies) of Identification Documents for Account Operator
  • Form B (Business License) Licensing Ordinance, 1948 Negeri Sabah OR License for Penjaja (Hawker/Street Vendor) issued by the relevant Local Authorities or any other authorities with the authority and jurisdiction (including Municipal Council, City Council).

Sole Proprietorship / Enterprise / Partnership (Sarawak) / Licensed Penjaja (Hawkers/Street Vendor)

  • Letter Head [exempted for Licensed Penjaja (Hawker/Street Vendor) that does not possess Company Registration Certification (“SSM”) under SSM] OR License for Penjaja (Hawker/Street Vendor) issued by the relevant Local Authorities or any other authorities with the authority and jurisdiction (including Municipal Council, City Council).
  • Copy(ies) of Identification Documents for Account Operator
  • Certificate of Registration –Business Name Ordinance (CAP 64) Negeri Sarawak

NOTE:

Subject to the evaluation of the Bank. The Bank may request for additional supporting documents from time to time for the purpose of verification.

Profit calculation for Basic Current Account-i:

Scenario: Placement in the account for the month of January on a non-leap year.

1 - 12 January: RM10,000 balance
13 - 20 January: RM20,000 balance (customer deposited additional RM10,000 on 13 January)
21 - 31 January: RM15,000 balance (customer withdrew RM5,000 on 21 January)

Formula: Principal Deposit Amount x Effective Rate x (Tenure in days / 365 or 366 days)
For period up to 12 January, profit accrued daily as follows:
RM10,000 x 0.25% x (1/365) = RM0.07 per day
Hence profit accrual = RM0.07 x 12 days = RM0.84

For period up to 20 January, profit accrued daily as follows:
RM20,000 x 0.25% x (1/365) = RM0.14 per day
Hence profit accrual = RM0.14 X 8 days = RM1.12

For period up to 31 January, profit accrued daily as follows:
RM15,000 x 0.25% x (1/365) = RM0.10 per day
Hence profit accrual = RM0.10 X 11 days = RM1.10

Profit paid for on 31 January is equal to the total accruals for the month:
Profit for January = RM0.84 + RM1.12 + RM1.10 = RM3.06

Note: Illustration figures are rounded to the nearest cent.

Disclaimer:
This illustration is intended as a guide, and all information contained herein is for estimation and illustration purposes only. BSN is not responsible or liable for any losses that may arise from a decision that you make based on using the calculator.

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