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Bon Simpanan Merdeka 2008

Quick Facts BSM 2008 Offer Period 3 to 31 March 2008 Issue Date 1 April 2008 Profit margin 5% p.a.

Bank Negara Malaysia will issue Bon Simpanan Merdeka 2008 (BSM) amounting to RM2 billion on 1 April 2008. The BSM, which will be scripless and based on Syariah principles, is an additional savings instrument for senior citizens who are 55 years and above and not employed on a full-time basis.

Those wishing to subscribe may apply for the BSM during the offer period, commencing from 3 to 31 March 2008. The BSM, which has a 3-year tenure, offers a return of 5% p.a. and provides flexibility for early redemption before the maturity date.

The minimum investment in the BSM is RM1,000 with a maximum of RM50,000 per BSM holder.

The BSM can be subscribed at all commercial banks, including Islamic banks, Bank Kerjasama Rakyat Malaysia Berhad, Bank Simpanan Nasional and Agrobank.

The allocation of the BSM to the applicant is based on "first come first serve basis". Successful BSM applicants will be notified by their agent banks. Profit payments will be made through the BSM holder's accounts maintained with his agent bank.

See Also:
Key Features of Bon Simpanan Merdeka 2008
List of Agent Banks
Frequently Asked Questions
Submit your questions here

Last Updated Date: 04 May 2009