We launched Saving & Deposit Scheme (Skim Simpanan Khas), a saving fund made up of individual member from the private sector. By using proven marketing technique the scheme will be used to market profitable products to provide greater potential return to savers as regulated by Akta Koperasi 1993.
The Saving & Deposit scheme will provide members with a profit sharing of up to 10% per saving. While other saving or investment vehicles may offer higher returns, the structure of the Saving & Deposit scheme is attractive for its limited downside risk.
Minimum investment of MYR 10,000 for 24 months or 36 months with 8% or 10% projected profit sharing from us.
RM 10,000 x 8% per annum X 2 years = RM 1600 return for two years
Equal staggered repayment of RM 11,600 for a total period of eight (8) terms at every three (3) months per term at MYR 1,450.
RM 10,000 x 10% per annum X 3 years = RM 3,000 return for three years
Equal staggered repayment of RM 13,000 for a total period of twelve (12) terms at every three (3) months per term at MYR1083.33.
Termination clause for the Saving & Deposit scheme can be found in the terms and condition of the Saving & Deposit Agreement.Our marketing representative will be pleased to share the details with you upon request.
This is known as “Skim Simpanan Khas & Deposit”, which is approved by Suruhunjaya Koperasi Malaysia 1993 (Akta), 50(d) Akta and 50(e) Akta and our constitution and by-law Section 62 and 63 (1).
Details of deposit taking can be found at Suruhanjaya Koperasi Malaysia; GP9 : Garis Panduan Mengenai Pengambilan Simpanan Khas Dan Deposit Atau Penerimaan Pinjaman.
All deposit taking activity of Cooperative is governed and approved by Suruhanjaya Koperasi Malaysia and Cooperative must abide by Bank Negara’s “Akta Bank dan Institusi-Institusi Kewangan 1989” and “Anti Money Laundering And Anti Terrorist Financing Act 2001”.
How to apply?