Monthly Profit Time Deposit-i (Tawarruq)

Grow your cash with enhanced liquidity

Why you will love this
Who can apply

Why you will love this

Based on the Shariah Principle of Tawarruq

A Time Deposit-i that pays profit on a monthly basis

Profit is credited directly into your OCBC Business Current Account-i

Who can apply

All businesses with OCBC Business Current Account-i

Minimum deposit of RM1,000

We help to grow your funds further even in challenging times. Monthly profit is credited directly into your OCBC Business Current Account-i for enhanced liquidity and cash flow.

FEATURES AND BENEFITS

Grow cash effortlessly

Time deposit-i are generally low risks with known returns.

Better cash flow

The steady amount of profit credited into your OCBC Business Current Account-i each month will provide enhanced liquidity and cash flow for your company when you need it.

Attractive profit

Our Monthly Profit Time Deposit-i lets you earn higher profit compared to having your money sit in a current account.

Flexible tenure

From 2 months to 12 months, you can choose a tenure that fits your financial position.

PROFIT RATES

Duration
2 months
3 months
4 to 5 months
6 months
7 to 11 months
12 months

Profit rates (per annum)
2.50%
2.55%
2.55%
2.60%
2.60%
2.70%

Before you apply

Eligibility requirements

Open to all businesses with an OCBC Business Current
Account-i.

Available for 2 to 12 month tenures only.

In case of early withdrawal of deposit/early settlement of Bank’s Purchase Price, the paid profit will be deducted from the principal amount of your deposit.

Terms and conditions

Protected by PIDM up to RM250,000 for each depositor.

This deposit is an eligible deposit insured by Malaysian Deposit Insurance Corporation (PIDM). PIDM insures eligible deposits for up to RM250,000 per depositor per bank. The RM250,000 limit includes both the principal amount of a deposit and the interest/return. Islamic and conventional deposits are eligible for a separate coverage limit of RM250,000.