Examples of using Basic savings in English and their translations into Malay
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Computer
Basic Savings.
Definition of Basic Savings.
Basic Savings(RM).
A Shariah-compliant basic savings account.
Basic Savings Account.
Planning on getting a basic savings account?
Basic Savings Account-i.
Withdrawal payments only from the basic savings.
The Basic Savings.
The amount to be withdrawn must not be less than RM1,000 andnot more than 20 per cent of the amount exceeding the required Basic Savings in Account 1.
The Basic Savings.
Basic Savings Account: within 10 minutes.
With effect from 10 May 2018, the interest rates for Basic Savings Account will be revised as follows.
New Basic Savings(RM).
Basic Savings is a pre-determined amount set according to age in Account 1 to enable members achieve a minimum savings of RM240,000 when they reach age 55.
Many members are not meeting their basic savings requirements due to the fact that they earn little.
The Basic Savings refers to the amount that is considered sufficient to support members' basic needs for 20 years upon retirement, from Age 55 to 75 aligned with the Malaysian life expectancy.
Information from the EPF's report showed that the basic savings is set at RM196,800 to give a monthly income of RM820 for 20 years until age 75.
Basic Savings refers to the amount that is considered sufficient to support members' basic needs for 20 years upon retirement, from age 55 to 75 aligned with the Malaysian life expectancy.
DBS Bank tries to continue thistradition by assuring to keep costs low for basic savings accounts, and to exempt kids, full-time trainees below the age of 21 years and full-time National Troop from bank charges.
The Basic Savings for Members Investment Scheme.
The amount in excess of the Basic Savings can be invested in appointed Fund Management Institutions.
The implementation of the Basic Savings is to ensure that members have sufficientsavings at a minimum amount of RM1,000 per month when they retire in order to support their basic retirement needs for 20 years from age 55 to 75, in line with Malaysians' life expectancy.
The amount in excess of the Basic Savings can be invested in products offered by appointed Fund Management Institutions.
Nornisah said EPF subscribers would need to have Basic Savings, a certain amount based on their age in their Account 1 to enable them to have savings of at least RM228,000 when they reached the age of 55.
For that reason, the EPF has also revised the Basic Savings to a higher rate, of which now, members should have at least RM196,800 of EPF savings by the age of 55(or equivalent to RM820 per month for a period of 20 years, from age 55 to 75).