Children Account-i

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RHB Children Account-i

PRODUCT DESCRIPTION

RHB Children Account-i deposit facility based on the concept of Commodity Murabahah via the Tawarruq Arrangement (CM). CM refers to the trading of commodities which acts as the underlying assets of a transaction. The profit is calculated daily and credited monthly - which will help you to achieve your financial goal faster.

To establish a habit of life-long saving for your children, the first small step is made easy by introducing our RHB Children Account-i. By allowing your child to participate in the process of opening his or her junior account, they will have a feeling of power and strong sense of responsibility over their future.

This is where RHB Islamic Bank comes in playing our part of being socially responsible by educating and securing a better future for your children.

BENEFITS
  • Free phone banking
  • RHB Now Internet Banking
  • 24-hour Customer Care Centre facility/cheque & cash deposit terminals
  • Quarterly e-statement via RHB Now or email hardcopy statement can be retrieve upon request via Phone banking or RHB Now
  • Debit card (for individuals aged 12 years old and above)
  • Eligible for Protection by PIDM
  • Free Personal Accident Takaful coverage of up to RM50k for child below 18 years of age and parent/legal guardian aged 18 to 65 years. Subject to minimum balance of RM500.
  • Customer may have an option to donate certain percentage of Customer’s profit earned from their Commodity Murabahah based Current Account-i and Savings Account-i to listed Charitable Bodies. Click here for Terms & Conditions & Listed Charitable Bodies
BEFORE YOU APPLY

Application Eligibility

  • Trust Account
    Individuals aged 12 years and below (opened with parent or legal guardian)
  • Minor Account
    Individuals aged 12 to 18 years (account can be solely managed by them with the consent of parents or legal guardian)
  • Joint account
    Individuals aged 12 to 18 years (opened with parents or legal guardian)