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Muamalat Salary Scheme (MuSS)

A comprehensive salary package that is designed to elevate rewards for employers and employees.

Product Highlights

Attractive competitive rates for deposit products
Free MEPS withdrawals up to 6 times
Waiver of Debit Card Annual Fee up to 2 years
Cashback up to RM10 per month for DuitNow transaction (Promo until 31 December or earlier)

Benefits

Employer:

  1. Current Account-i (Tawarruq) Salary Scheme:
    – Extra Profit of 0.20% higher than Board Rate for Current Account (Tawarruq) Salary Scheme Non-Individual
    Daily End Balance *Profit Rate (p.a.)
    RM0 – RM999.99 0.20%
    RM1,000.00 – RM24,999.99 0.60%
    RM25,000.00 – RM49,999.99 0.80%
    RM50,000.00 – RM99,999.99 1.00%
    RM100,000.00 and above 1.20%

    *Profit Rates are subject to board rate

  2. Fixed Term Account-i
    – Higher Profit Rate by 0.10% above Board Rate for minimum 3 months placement tenure
  3. Additional benefits:
    – Free IBG charges;
    – Free 2 CIB Tokens for the first two (2) years;
    – Free CIB Subscription Fee for 1st year (Applicable for only for “Full Mode”)

Employee:

  1. Current Account-i (Tawarruq) Salary Scheme:
    Daily End Balance *Profit Rate (p.a.)
    RM0 – RM999.99 0.00%
    RM1,000.00 – RM4,999.99 0.30%
    RM5,000.00 and above 1.00%

    *Profit Rates are subject to board rate

  2. Savings Account-i (Tawarruq) Salary Scheme:
    – Higher Profit Rate up to 0.50% p.a
    Daily End Balance *Profit Rate (p.a.)
    RM0 – RM999.99 0.10%
    RM1,000.00 – RM4,999.99 0.25%
    RM5,000.00 and above 0.50%

    *Profit Rates are subject to board rate

  3. SURIA Salary Scheme Profit Sharing Ratio (PSR)
    Account Holder (%) Bank (%)
    2 98
  4. Free MEPS Withdrawals:
    – Savings Account-i (Tawarruq) Salary Scheme:
    Minimum Balance No. of MEPS Refund
    RM999.99 and below 2 times
    RM1,000-RM2,999.99 3 times
    RM3,000-RM4,999.99 4 times
    RM5,000 and above 6 times

    – Current Account-i (Tawarruq) and SURIA Salary Scheme:

    Minimum Balance No. of MEPS Refund
    RM999.99 and below 2 times
    RM1,000 and above. 4 times
  5. Waiver of Debit Card Annual Fee
    – Savings Account-i (Tawarruq) Salary Scheme: Waiver of Debit Annual Fee of RM12 for 2 years.
    – Current Account-i (Tawarruq) and SURIA Salary Scheme: Waiver of Debit Credit Annual Fee of RM12 of the first year.
  6. Cashback up to RM 10 based on Average Daily Balance (ADB) and number of *DuitNow transactions made per month:
    Average Daily Balance (ADB) Minimum DuitNow Transaction per Month Minimum Accummulated DuitNow Transaction Value per mont % Cashback based on DuitNow Transaction Value per mont Cashback Value** Capping per month
    RM500 – RM999.99 2 RM50 0.05% RM2
    RM 1,000 – RM2,999.99 3 RM100 0.10% RM5
    RM 3,000 and above 5 RM300 0.20% RM10

    *DuitNow transaction includes DuitNow transfer, DuitNow QR and DuitNow Request.


Features
  1. Minimum Deposit:
    1. Savings Account-i (Tawarruq) Salary Scheme: RM20
    2. Current Account-i (Tawarruq) Salary Scheme: RM500
    3. Fixed Term Account-i:
      • 1 month: RM5,000
      • 2 months and above: RM1,000 iv. SURIA Salary Scheme: RM100
  2. Debit Card-i

Eligibility
  1. Employer
    New and existing non-individual employers who fulfill the following requirements of BMMB are eligible for the program:

    1. Opens Current Account-i (Tawarruq) Salary Scheme;
    2. Current Account-i (Tawarruq) Salary Scheme: RM500
    3. Subscribes to BMMB Corporate Internet Banking (CIB) or BMMB Retail Internet Banking (RIB)
  2. Employee
    New and existing individual employee who wish to open salary account or individual employed by MuSS registered employer that possess the following requirements:

    1. Opens either Savings Account-i (Tawarruq) Salary Scheme, Current Account-i (Tawarruq) Salary Scheme or Mudarabah Unrestricted Investment Account (SURIA) Salary Scheme.

Rate
  1. Employer
    1. Current Account -i (Tawarruq) Salary Scheme:
      Daily End Balance *Profit Rate (p.a.)
      RM0 – RM999.99 0.20%
      RM1,000.00 – RM24,999.99 0.60%
      RM25,000.00 – RM49,999.99 0.80%
      RM50,000.00 – RM99,999.99 1.00%
      RM100,000.00 and above 1.20%

      *Profit Rates are subject to board rate

    2. Fixed Term Account-i: Higher profit rate by 0.10% p.a above board rate for minimum 3 months placement tenure.
  2. Employee
    1. Savings Account-i (Tawarruq) Salary Scheme:
      Daily End Balance *Profit Rate (p.a.)
      Up to RM999.99 0.10%
      RM1,000 – RM4,999.999 0.25%
      RM5,000 and above 0.50%

      *Profit Rates are subject to board rate

    2. Current Account-i (Tawarruq) Salary Scheme:
      Daily End Balance *Profit Rate (p.a.)
      Up to RM999.99 0.00%
      RM1,000 – RM4,999.999 0.30%
      RM5,000 and above 1.00%

      *Profit Rates are subject to board rate

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2024-02-23 08:37:52