IIBM OPERATION HOURS REVISION

Dear Esteem Customer, 

We trust this communication finds you well.

In support of government announcement with regards to 'Conditional Movement Control Order' (CMCO) on '13/10/2020'. We 'India International Bank Malaysia Berhad' has revising the our IIBM,KL operating hours for more convenience to the customers. 

The revised operating hours will be as under with the effect from '14/10/2020' until further notice.

  • Branch Operation Hours : 9.30AM - 4.00PM
  • RENTAS Funds Transfer Timing : 9.30AM - 3.00PM 

We request you to please plan your transactions accordingly and communicate with us in case of any clarification/assistance required. We trust this will allow convenience to our customers.

We wish you to continue keeping safe, healthy, and alert.

With Regards,
India International Bank Malaysia Berhad

IIBM OPERATION HOURS REVISION

Dear Esteem Customer, 

We trust this communication finds you well.

With most of the business operating as usual, we have decided to return for normal operating hours as under with effect from '03/08/2020' :

  • Branch Operation Hours : 9.30AM - 4.30PM
  • RENTAS Funds Transfer Timing : 10.00AM - 3.30PM 

We trust this will allow more flexibility and convenience to our customers, wish you to continue keeping safe, healthy, and alert.

With Regards,
India International Bank Malaysia Berhad

IIBM’s Covid-19 Financial Relief Measures/Moratorium

Notice to the Customers

24 July 2020

IIBM’s Covid-19 Financial Relief Measures/Moratorium

 

Dear Esteemed Customers,

We understand that our borrowers might be experiencing financial constraints due to Covid-19 pandemic. To support our customers in this difficult time, we at India International Bank (Malaysia) Berhad (IIBM) are pleased to offer Covid-19 Financial Relief Measures/Moratorium for all existing credit facilities with our bank, including Term Loan, Overdraft and Trade Finance facilities.

We request our customers having credit facilities and facing any difficulty, to approach us for their requirements. We are willing to work with our customers to help understand, support and to relieve their financial difficulties due to the ongoing Covid-19 outbreak.

For more information and enquiries, please contact us at 03-2026 1767 (Ext 112)

Attention:
For Information / inquiries and consultation of R&R matters please contact our Special Task Forces – through In-charge of Communication – Mr Sumit Tak at  03-2026 1767 (Ext-200); email id sumit@iibm.com.my

IIBM’s Covid-19 Financial Relief Measures/Moratorium

Notice to the Customers

16 July 2020

IIBM’s Covid-19 Financial Relief Measures/Moratorium

Dear Esteemed Customers,

We understand that our borrowers might be experiencing financial constraints due to Covid-19 pandemic. To support our customers in this difficult time, we at India International Bank (Malaysia) Berhad (IIBM) are pleased to offer Covid-19 Financial Relief Measures/Moratorium for all existing credit facilities with our bank, including Term Loan, Overdraft and Trade Finance facilities.

We request our customers having credit facilities and facing any difficulty, to approach us for their requirements. We are willing to work with our customers to help understand, support and to relieve their financial difficulties due to the ongoing Covid-19 outbreak.

For more information and enquiries, please contact us at 603-2026 1767.

Changes in Fixed Deposit Rates & BLR From 13/07/2020

India International Bank (Malaysia) Berhad (IIBM) announces cut in its Domestic fixed Deposit rates and Base Lending Rate by 25 basis point effective 13th July 2020, in line with the CUT in the Overnight Policy Rate (OPR) by 25 basis points by BNM.

Domestic Fixed Deposit Rates:

Tenor Current IIBM Rates Revised IIBM Rates
1M – 2M 2.05 1.80
3M  - 5M 2.10 1.85
6M – 11M 2.15 1.90
12M – 24M 2.20 1.95
36M Negotiable Negotiable
48M Negotiable Negotiable

*With effect from 13th July 2020

Base Lending Rates

Current Base Lending Rate Proposed Lending Rate
5.85% 5.60%

 

For more information please contact us at +603 - 2026 1767

IIBM Customer Charter on Fair Treatment

Treat customers Fairly Charter 2020RS.jpg

 

IIBM OPERATION HOURS REVISION

Dear Esteem Customer, 

We trust this communication finds you well.

In support of government announcement with regards to 'Recovery Movement Control Order' (RMCO) on '08/06/2020'. We 'India International Bank Malaysia Berhad' has enhance the our IIBM,KL operating hours for more convenience to the customers. 
The revise operating hours will be as under with the effect from '15/06/2020' until further notice:

  • Branch Operation Hours : 10.00AM - 4.00PM
  • RENTAS Funds Transfer Timing : 10.00AM - 3.00PM 

We request you to please plan your transactions accordingly and communicate with us in case of any clarification/assistance required. We trust this will allow more flexibility and convenience to our customers and hope that timings will return to normal soon.

We wish you to continue keeping safe, healthy, and alert.

With Regards,
India International Bank Malaysia Berhad

 

Changes in Fixed Deposit Rates & BLR From 13/05/2020

India International Bank (Malaysia) Berhad (IIBM) announces cut in its Domestic fixed Deposit rates and Base Lending Rate by 50 basis point effective 13th May 2020, in line with the CUT in the Overnight Policy Rate (OPR) by 50 basis points by BNM.

Domestic Fixed Deposit Rates:

Tenor Current IIBM Rates Revised IIBM Rates
1M – 2M 2.55 2.05
3M  - 5M 2.60 2.10
6M – 11M 2.65 2.15
12M – 24M 2.70 2.20
36M Negotiable Negotiable
48M Negotiable Negotiable

*With effect from 13th May 2020

Base Lending Rates

Current Base Lending Rate Proposed Lending Rate
6.35% 5.85%

For more information please contact us at +603 - 2026 1767

Notice on Change of Business Hours
Notice to the Customers

01 April 2020

Dear Esteem Customers,

We trust this communication finds you well.
 

As you are aware, the Coronavirus (COVID-19) pandemic has caused a lot of difficulties and fear amongst everyone. Government has imposed 14-days Movement Control Order (MCO) effective from 18 March 2020 nationwide to curb the spread of the COVID-19 infection in Malaysia and has issued various guidelines/ rules to be followed to avoid spreading of this contagion rapidly. Social distancing, use of hand sanitizers / face masks and keeping watch of self-wellbeing are among them.

 

Under Movement Control Order (MCO) directives, Financial Banking operations, being under essential service, are to continue with all the precautions and health safety measures.
 

In order to follow the guidelines/ rules issued by the Government and to ensure uninterrupted banking services to our customers, we have taken various measures such as splitting our team in parts, split working from remote site. While working within the limitations of current situation, we are trying to provide you uninterrupted and best possible service to ensure that the transactions are not held up.To cope up with these limitations, we have decided to reduce our Kuala Lumpur Branch Business hours from existing 09.30 AM to 04.30 PM to 10.00 AM to 02.00 PM w.e.f. 02nd April 2020 till MCO continues.

 

We request you to please plan your transactions accordingly and communicate with us in case of any clarification/ assistance required.We apologize for the convenience this may cause you and hope that things will return to normal soon.

 

We wish you keep safe, healthy and alert.

 

Thanks and Regards,

 

(Jauhari Rajesh Mohan)

Chief Executive Officer

India International Bank (Malaysia) Berhad

Kuala Lumpur

IIBM Covid-19 Financial Relief Assistance Programme

Notice to the Customers

25 March 2020

Dear Esteem Customers,

This is to bring to your information that Bank Negara Malaysia has advised on Additional Measures to Assist Borrowers/Customers Affected by the COVID-19 Outbreak to banking institutions and development financial institutions (FIs), highlighting  among others, the granting of automatic moratorium on all loan / financing repayments / payments, principal and interest, (except for credit card balances) by individuals and SME borrowers/customers for a period of 6 months from 1 April 2020. The automatic moratorium is applicable to loans/ financing that are – (a) not in arrears exceeding 90 days as at 1 April 2020; and (b) denominated in Malaysian Ringgit.

   

In line with the BNM directives and to achieve the intended objective of providing assistance to customers/borrowers who are experiencing temporary financial constraints due to the COVID-19 outbreak, we at India International Bank (Malaysia) Berhad (IIBM) have initiated following measures:

  1. All our SME borrowers will be covered for grant of automatic moratorium for a period of 6 months from 1 April 2020.
  2. Loan instalments will be deferred for 6 months. Interest will be accrued and compounded for loans during moratorium and such interest together with deferred loan instalments will be payable after moratorium of 6 months in the equal monthly instalments spread over the remaining period of loan. Revised monthly repayment amount to be worked out w.e.f. 01 October 2020 on case to case basis.
  3. Those SMEs which do not wish to avail themselves to the automatic moratorium can continue with their current repayment/ payment terms and may intimate to IIBM accordingly.
  4. Our SME borrowers, depending on their affordability and capacity of repayments / payments after the moratorium period, can also opt for re-worked out plans to fully settle the loans/ financing in the remaining period of loan, and/ or extension of period by way of reschedulement and restructuring (R&R).
  5. This programme will not mark arrears in the CCRIS records.  
  6. IIBM shall be intimating to the concerned SME borrowers by email individually on the above initiatives.
  7. Borrowers intending to communicate on this matter may simply send us an email which will be dealt with and responded promptly. No need to visit the branch physically in the current scenario and compliance of Movement Control Order.

Wish you stay safe and keep alert.   

For more information please contact us at +603 - 2026 1767

 

Changes in Fixed Deposit Rates & BLR From 10/03/2020

India International Bank (Malaysia) Berhad (IIBM) announces cut in its Domestic fixed Deposit rates and Base Lending Rate by 25 basis point effective 10th March 2020, in line with the CUT in the Overnight Policy Rate (OPR) by 25 basis points by BNM.

Domestic Fixed Deposit Rates:

Tenor

Current IIBM Rates

Revised IIBM Rates

1M – 2M

2.80

2.55

3M  - 5M

2.85

2.60

6M – 11M

2.90

2.65

12M – 24M

2.95

2.70

36M

Negotiable

Negotiable

48M

Negotiable

Negotiable

* With effect from 10th March 2020.

Base Lending Rates

Current Base Lending Rate

Proposed Lending Rate

6.60%

6.35%

For more information please contact us at +603 - 2026 1767

 

Changes in Fixed Deposit Rates & BLR From 29/01/2020

India International Bank (Malaysia) Berhad (IIBM) announces cut in its Domestic fixed Deposit rates and Base Lending Rate by 25 basis point effective 29th January 2020, in line with the CUT in the Overnight Policy Rate (OPR) by 25 basis points by BNM.


Domestic Fixed Deposit Rates:

Tenor

Current IIBM Rates

Revised IIBM Rates

1M – 2M

3.05

2.80

3M  - 5M

3.10

2.85

6M – 11M

3.15

2.90

12M – 24M

3.20

2.95

36M

Negotiable

Negotiable

48M

Negotiable

Negotiable

* With effect from 29th January 2020.

 

Base Lending Rates

Current Base Lending Rate

Proposed Lending Rate

6.85%

6.60%

For more information please contact us at +603 - 2026 1767.

Go Green Campaign for Exchanges of Banknotes for Chinese New Year 2020

CNY2.jpg

For more information please click here

 

Changes in Fixed Deposit Rates From May 2019

India International Bank (Malaysia) Berhad (IIBM) announces cut in its Domestic fixed Deposit rates effective 10th May 2019, in line with the CUT in the Overnight Policy Rate (OPR) by 25 basis points while its Base lending rate remains the same i.e 6.85% pa.

 

Tenor Current Card Rates Revised Card Rates
1 Month – 2 Month 3.30 3.05
3 Month – 5 Month 3.35 3.10
6 Month – 11 Month 3.40 3.15
12 Month – 24 Month 3.45 3.20
25 Month – 60 Month Negotiable Negotiable

 

 

 

 

 

 

 

 

 

For more information please contact us at +603 - 2026 1767.

Khidmat Nasihat Pembiayaan (MyKNP) - Financing Advice

myknp1.JPG

Click here for more information.

FOREIGN EXCHANGE ADMINISTRATION RULES (FEA)

Overview

Malaysia continues to maintain liberal foreign exchange administration (FEA) rules which are part of broad prudential toolkits to maintain monetary and financial stability.

The Bank is committed in ensuring the FEA rules continue to support the competitiveness of the economy through facilitation of a more conducive environment for cross-border economic activities. (Source: BNM)

Kindly click here for more information on FEA rules from BNM.

Important Notice

Always access our official website by typing the entire URL into your browser 'http://www.indiainternationalbank.com.my' or adding the URL to your list of Favourites.

Do not access the website from attachments or website links in any email as it may be a scam.

Do contact our official contact number 603 - 2026 1767 when in doubt for clarification.

Request for Employee References

In adherence to Bank Negara Malaysia (BNM)’s procedure on Employee Screening (BNM/RH/RD 028-72) issued on 9 March 2018, organizations that wish to perform employee screening and employment references on IIBM Bank’s employees may email your request to:

Attention:  Human Resources Department

Email address of HR : nanthini@iibm.com.my / usha@iibm.com.my

Telephone  :  03-20261767 ext. 110

We undertake to provide a reference via email to the hiring organization within 15 working days as per the policy.

Skim Cepat Kaya scam (BM)

BNM ingin mengingatkan orang ramai supaya tidak menyertai skim yang menjanjikan pulangan, kadar faedah atau keuntungan yang terlalu tinggi dan tidak munasabah. Jangan menjadi mangsa penipuan. Jika ada keraguan, hubungi BNMTELELINK di 1-300-88-5465.

 

Illegal Forex scam (ENG)

Beware of financial scams promising unrealistic high returns. If it sounds too good to be true, it probably is. Do not be a scam victim. When in doubt, please call BNMTELELINK at 1-300-88-5465.

Beware of Bogus Calls & Message

Click here for more information