Introduction
Panda Junior Dual Currency Savings Account (“PJSA”) is a junior account with dual currency savings features, i.e. MYR and RMB.
Product Features
- Inculcate savings habits since young
- Encourage parents to save and plan for children's future education needs
- Dual Currency Savings Account: in MYR and RMB
- Enjoy higher interest rate – 1 month's Fixed Deposit rate*
- Interest is payable on monthly basis
- Academic Cash Reward*
Will be given to Minor who achieves excellent grades in SPM and UEC as follows:
| Examination | Cash Reward |
|---|---|
| UEC (Junior Middle Level) 7As | MYR200 per person |
| SPM / UEC (Senior Middle Level) 8As | MYR300 per person |
*Subject to terms and conditions
- e-Statement will be provided on monthly basis upon enrollment of e-Statement facility
Fees & Charges
No Transaction Charges for CNY Sub-Account when performing transaction.
Others fees & charges, please refer to our Bank's latest Service Rates & Tariffs listing.
Interest Rate (Effective 13 December 2024)
| MYR | CNY | ||
|---|---|---|---|
| Savings Band | Rate p.a.* | Savings Band | Rate p.a.* |
| ≤ MYR150,000 | 2.80% | ≤ CNY300,000 | 1.25% |
| > MYR150,000 | 1.00% | > CNY300,000 | 1.00% |
Eligibility
Resident and Non-Resident Minor with MM2H or student visa below 18 years old (“Minor”).
Minimum Requirement
Initial Deposit: MYR 20.00 / RMB 100.00
Documents Required
| For Malaysian | For Non-Malaysian (Foreigner) | |
|---|---|---|
| Minor below 12 years old | Minor's Original Birth Certificate and/or MyKid | Minor's Original Passport and/or Original Birth Certificate |
| Minor with age of 12 to below 18 years old | Minor's Original Birth Certificate and/or NRIC | Minor's Original Passport and/or Original Birth Certificate |
| Parent(s) / Guardian(s) | Parent(s)' / Guardian(s)'s Original NRIC and relevant supporting documents Legal Adoption Certificate, if applicable |
Parent(s)' / Guardian(s)'s Original passport and/or Parent(s)' / Guardian(s)' Original valid working permit/ visa with Letter of employment/ dependent's Legal Adoption Certificate, if applicable |
Malaysia’s Address Proof [Parent(s) / Guardian(s)] |
One of the Residential / Permanent / Correspondence address must be same with NRIC, otherwise one of the following applicant's supporting document must be provided: • A current utility bill; or |
One of the following applicant's supporting document must be provided: • A current utility bill; or |
Application Procedures
Kindly visit any of our branches for account opening.
Gentle Reminder
There is an inherent exchange rate risk in RMB deposits and withdrawal due to the fluctuation of the RMB exchange rate against Ringgit Malaysia.
Panda Junior Dual Currency Savings Account Terms and Conditions
Panda Junior Dual Currency Savings Account Product Disclosure Sheet
Protected by PIDM up to RM250,000 for each depositor
