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OCBC To Raise Lending And FD Rates By 0.25 Pct
Last update: 29/01/2018

KUALA LUMPUR, Jan 29 (Bernama) --†OCBC Bank (Malaysia) Bhd†and its subsidiary,†OCBC Al-Amin Bank Bhd,†will increase the†base rate, base lending rate†(BLR) and base financing rate (BFR) by 0.25 per cent,†effective Feb 2,†2018.

This was in line with Bank Negara†Malaysia's recent overnight policy rate increase, it said in a statement here today.

It added that†all loans†and financing based on BLR and BFR respectively would correspondingly increase by the same rate.

Similarly, all fixed deposit (FD) board rates will also increase by 0.25 per cent on the same†day," said the bank.



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US 3.9030/9080
S'pore 2.9544/9597
100 Yen 3.6507/6564
Sterling 5.4431/4521
Euro 4.8030/8104
Source: Bank Negara Malaysia

Starting April the banks have imposed a 50 sen processing fee on top of the 15 sen stamp duty on each cheque. The fee also applies to those applying for a Bankerís Cheque, Bank Draft and Cashierís Order. Do you think this additional charge is justified?

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