BSN ECOSAVE-iEco-friendly savings account with Takaful coverageBenefits
- Enjoy higher profit rate compared to normal savings
- Debit card is available and optional
- Benefit of Takaful protection (Optional) for your home and private vehicles in the event of Flood
*Subject to Terms & Conditions.
Apply NowBSN EcoSave-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.
BSN ECOSAVE-iEco-friendly savings account with Takaful coverageBenefits
- Enjoy higher profit rate compared to normal savings
- Debit card is available and optional
- Benefit of Takaful protection (Optional) for your home and private vehicles in the event of Flood
*Subject to Terms & Conditions.
Apply NowBSN EcoSave-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.
Maximize your savings with higher profit earnings through consistent savings that provide environmentally friendly features including protection against flood.
FEATURES & REQUIREMENTS
- Individuals aged eighteen (18) years old and above.
- No maximum age limit for opening of account BSN EcoSave-i.
- Takaful Coverage is subject to age limit of sixty-five (65) years.
- Open to Malaysian Citizens only.
- Shariah-compliant.
- Individual account only.
SAVINGS REQUIREMENTS
| Minimum initial savings | RM100 |
| Minimum monthly savings | RM50* |
| Maximum monthly savings | No limit |
| Minimum savings to maintain | RM10 |
FEATURES
| Profit Rate | Attractive Profit Rate** |
| Tenure Selection | Three (3) or Five (5) Years |
| Withdrawal |
|
| Debit Card (optional) | Available for Accountholders of BSN EcoSave-i**** |
NOTES:
*Minimum deposit is RM50 per placement and any placement below RM50 is not allowed.
** The profit rate will be converted to the equivalent profit rate of BSN GIRO-i in the event the customer lapses in monthly deposit placement for any three (3) months within 12 months either consecutively or non-consecutively. However, the account will still remain active and the profit rate will be converted to BSN EcoSave-i profit rate on the account’s anniversary date (the date which the account was opened).
***For BSN Debit Cardholder only.
**** Fees and charges for Debit Card shall apply.
TAKAFUL COVERAGE (OPTIONAL)
| Takaful Benefits | Takaful Limit / Customer (Per Year) |
| Inconvenience Allowance due to Flood to Residence | RM1,000 / claim (max. 2 claims) |
| Inconvenience Allowance due to Flood to Private Motor | RM1,000 / claim (max. 2 claims) |
| Inconvenience Allowance for Total Loss of Motorcycle due to Flood | RM500 |
| Accidental Death | RM25,000 |
| Double Indemnity for Death due to Flood | RM50,000 |
| Funeral Expenses due to Accidental Death | RM2,000 |
NOTES:
- Age Limit for Takaful Coverage: 18 - 65 years old (age on the next birthday).
- The Total Contribution for Takaful Coverage is RM60.00 annually (including services tax and/or any tax introduced by the authority concerning with any supply of goods and/or services).
- The payment will be deducted through the Standing Instruction (SI) platform only and is subject to the account’s contract tenure.
- The Takaful coverage will be automatically renewed upon successful deduction for the annual Takaful contribution.
- If the deduction was unsuccessful due to insufficient balance, the Takaful coverage will be terminated.
- Please refer to Eco Saving PA Takaful Product Disclosure Sheet for detailed features, benefits, terms and conditions of the product.
IDENTIFICATION DOCUMENT REQUIRED
- The Customer’s original Identification Card i.e. MyKad
NOTES:
- Customers are advised to read and understand the Terms and Conditions (T&C) for Islamic Account and Product Disclosure Sheet (PDS) pertaining to BSN EcoSave-i.
- View all banking rates.
- View all fees & charges.
- View Product Disclosure Sheet.
- View Frequently Asked Questions (FAQ).
- Terms and Conditions apply.
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