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retirement scheme RHB
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Secure Your Golden Years With A Retirement Scheme!

When it’s time for you to live the workforce, you’d want to live and relax after years and years of service. Investing in a private retirement scheme is an excellent way to ensure that! Here are 3 ways how a retirement scheme could secure your finances for your future better!

Extra financial security 

In Malaysia, we have a federal compulsory savings plan called Employees’ Provident Fund (EPF). While this initiative helps people to save some of their income for the future, rise in living costs and an increase in life expectancy might require more money. A retirement scheme helps supplement this since it builds upon the amount of savings that you already have from the EPF.

retirement scheme RHB

Flexible and convenient 

Many scheme providers aren’t rigid with their policies. You could choose to get funds and tenures that best suit your investment and financial needs. A private scheme is also a lot more convenient than you think. These days, buying in is as simple as filling a form online, and monthly contributions can be automated, so you need not hassle with missing payments. 

Low entry requirements

Unlike the EPF where there is a rate set by the Ministry of Finance, private retirement schemes often come with easy and low entry requirements. There’s always a minimum contribution upon entry as well as subsequent payments, but the amount you choose to put in is entirely up to you. This easy and relaxed approach is what makes these schemes so attractive to people like freelancers or entrepreneurs. 

Conclusion

It’s essential to plan ahead for your future. When it’s time for you to relax and take it easy, it’ll help if you already your financial needs covered. To live your golden years worry and stress-free, invest in a retirement scheme today! Have a look at the plans that RHB has to offer you here https://www.rhbgroup.com/personal/investment/private-retirement-scheme/index.html 

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RHB Bank’s Banking Services: Credit Card & A whole lot more

RHB Bank Preparing to Lead the National Financial Markets

Speaking of RHB Bank, we do know that they’re now one of the top five banks in Malaysia. Knowing the potential of foreign markets with the South East Asia region, they have expanded their horizons and entered Hong Kong, Laos, Cambodia, Myanmar, Thailand, and plenty of other countries. Feeling the need to provide more value, RHB Bank has begun to present many different kinds of financial services to businesses and individuals.

Individuals and firms have the freedom to create their savings and current account with RHB Bank easily and get highly competitive monthly interest as they transfer money into their accounts. Whenever they would like to make any transactions online, they’re now able to easily utilize internet banking services, RHB Now. For offline transactions, they’ll be able to access the ATM & CDM machines as well as MEPS ATM quickly for withdrawal.

As the Bank sees the change of trend from the traditional purchasing method by cash to an online purchase, they discovered that there’s also an increasing demand from customers for credit cards. Depending on the outcome from studies conducted that represents the public’s increasing acceptance towards online purchases, it is proven that offering credit card solutions has become the main strategy RHB Bank really needs to be pushing forward-and they did just that.

RHB Bank

Knowing there’s an urgent need to close the supply and demand gap, the Bank took yet another leap forward to offer a value-added credit card scheme that gives cashback and lots of other benefits the account holder can enjoy when they go along the way.

For small business owners and organizational entities, RHB Bank is providing corporate banking facilities. They’ll be able to engage with the Bank either for investment banking or even to make business loans. In the event the customers are interested, they even can sign up for RHB Bank’s online cash management services.

It is evident that small-medium enterprises are some of the customers which may possibly enjoy the maximum benefit, particularly when it is possible for them to make applications should extra revenue is necessary to scale the business. Additionally, retails solutions also are provided to SMEs who might need it.

Nonetheless, RHB Bank hasn’t ever overlooked the demand for Islamic banking facilities. In Malaysia, Syariah-compliant products and services are highly demanded. Therefore, products and services such as wealth management, unit trust, Islamic treasury, and corporate banking are specially formulated to ensure that all transactions follow the Syariah requirement.

A huge 24 annual brand value growth has most certainly been seen by the Bank in 2016, which places them as amongst the top five domestic banking players. Seeing the future market growth potential, RHB Bank has equipped itself with more rigorous and effective tactics to further grow its value and share of the market in the long term.