PIDM Has Got You Covered

Dear Valued Customer, 

The video aims to inform depositors what would happen in the event PIDM would need to carry out an orderly resolution of a troubled member bank. More importantly, we would like to assure depositors that they should not feel worried should they hear any rumour about their bank as:

  1. Their deposits are protected by PIDM up to RM250,000 per depositor per member bank
  2. There are several ways in which PIDM can resolve a troubled member bank to allow depositors to have continued access to their deposits
  3. Where the resolution option requires PIDM to close a troubled member bank, PIDM will reimburse depositors through several ways

 

English Version

Malay Version

Changes in Fixed Deposit Rates & BLR From 09/05/2023

India International Bank (Malaysia) Berhad (IIBM) announces the hike (increase) in its Domestic Fixed Deposit Rates and Base Lending Rate from 9th May 2023, in view of the increase in Overnight policy rate (OPR) by 25 basis point by Bank Negara Malaysia on 03rd May 2023.

Domestic Fixed Deposit Rates:

Tenor Current IIBM Rates Revised IIBM Rates*
1M – 2M 2.45 2.70
3M  - 5M 2.70 2.95
6M – 11M 2.80 3.05
12M – 24M 2.85 3.10
36M Negotiable Negotiable
48M Negotiable Negotiable

*With effect from 9th May 2023.

After our 25-basis point hike/increase in the base lending rate, the proposed BLR for our bank stands to be as below:

Base Lending Rates

Current Base Lending Rate Revised Lending Rate*
6.60% 6.85%

*With effect from 9th May 2023.

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

#JanganKenaScam

#JanganKenaScam

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#JanganKenaScam.jpg

HCI-KL - Press Release on Settlement of India-Malaysia Trade in Indian Rupee (INR)

High Commission of India Kuala Lumpur Press Release on Settlement of India-Malaysia Trade in Indian Rupee (INR)

HCI-Statement.jpg

Press Release : Trade Settlement in Indian Rupee (INR) facility from India International Bank (Malaysia) Berhad (IIBM)

Press Release : Trade Settlement in Indian Rupee (INR) facility from India International Bank (Malaysia) Berhad (IIBM)

FAQ - Trade Settlement in Indian Rupee (INR)

Trade Settlement in Indian Rupee (INR) facility from India International Bank (Malaysia) Berhad (IIBM)

Trade Settlement in Indian Rupee (INR) – FAQ

 

Awareness on Efficiency, Circular Economy, Green Certification, and Green Business

SME Green Video - Efficiency

SME Green Video - Circular Economy

SME Green Video - Green Certification

SME Green Video - Green Business

SME Green Video - Start Small

Changes in Fixed Deposit Rates & BLR From 14/11/2022

India International Bank (Malaysia) Berhad (IIBM) announces increase in its Domestic fixed Deposit rates and Base Lending Rate effective 14th November 2022, in line with the increase 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 2.20 2.45
3M  - 5M 2.45 2.70
6M – 11M 2.55 2.80
12M – 24M 2.60 2.85
36M Negotiable Negotiable
48M Negotiable Negotiable

*With effect from 14th November 2022 on Fresh and Renewal Deposits.

Base Lending Rates

Current Base Lending Rate Revised Lending Rate*
6.35% 6.60%

*With effect from 14th November 2022.

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

Changes in Fixed Deposit Rates & BLR From 19/07/2022

India International Bank (Malaysia) Berhad (IIBM) announces increase in its Domestic fixed Deposit rates and Base Lending Rate effective 19th July 2022, in line with the increase 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 1.70 1.95
3M  - 5M 1.65 2.20
6M – 11M 1.55 2.30
12M – 24M 1.55 2.35
36M Negotiable Negotiable
48M Negotiable Negotiable

*With effect from 19th July 2022 on Fresh and Renewal Deposits.

Base Lending Rates

Current Base Lending Rate Proposed Lending Rate*
5.85% 6.10%

*With effect from 19th July 2022.

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

Changes in Fixed Deposit Rates & BLR From 20/09/2022

India International Bank (Malaysia) Berhad (IIBM) announces increase in its Domestic fixed Deposit rates and Base Lending Rate effective 20th September 2022, in line with the increase 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 1.95 2.20
3M  - 5M 2.20 2.45
6M – 11M 2.30 2.55
12M – 24M 2.35 2.60
36M Negotiable Negotiable
48M Negotiable Negotiable

*With effect from 20th September 2022 on Fresh and Renewal Deposits.

Base Lending Rates

Current Base Lending Rate Revised Lending Rate*
6.10% 6.35%

*With effect from 20th September 2022.

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

Changes in Fixed Deposit Rates & BLR From 23/05/2022

India International Bank (Malaysia) Berhad (IIBM) announces increase in its Domestic fixed Deposit rates and Base Lending Rate by 25 basis point effective 23rd May 2022, in line with the increase 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 1.45 1.70
3M  - 5M 1.40 1.65
6M – 11M 1.30 1.55
12M – 24M 1.30 1.55
36M Negotiable Negotiable
48M Negotiable Negotiable

*With effect from 23rd May 2022 on Fresh and Renewal Deposits.

Base Lending Rates

Current Base Lending Rate Proposed Lending Rate
5.60% 5.85%

*With effect from 23rd May 2022

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

IIBM OPERATION ON 3RD FEBRUARY 2022

Notice to the Customers
27th January 2022
Business as usual on 3rd February 2022

Dear Esteemed Customers,

On account of forthcoming holidays for Federal Territory Day and Chinese New Year, we are hereby inform you that 'India International Bank Malaysia Berhad' is opened as usual for business on 3rd of February 2022.

FAQ in relation to URUS scheme (both BM & EN)

FINANCIAL MANAGEMENT AND RESILIENCE PROGRAMME (URUS)
Frequently Asked Questions (FAQs)

PROGRAM PENGURUSAN DAN KETAHANAN KEWANGAN (URUS)
Soalan Lazim

 

LIBOR Contracts Cessation

LIBOR Contracts Cessation

IIBM OPERATION HOURS REVISION

Dear Esteem Customer, 

We trust this communication finds you well.

In support of government announcement with regards to revision of  Phase 2 for Selangor & Kuala Lumpur, We 'India International Bank Malaysia Berhad' has revising our IIBM,KL operating hours for more convenience to the customers. 

The revised operating hours will be as under with the effect from '20/09/2021' until further notice.

  • Branch Operation Hours : 9:30AM - 4:30PM
  • 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 TOWARDS MCO 3.0

Dear Esteem Customer, 

We trust this communication finds you well.

In support of government announcement with regards to revision of 'Movement Control Order' (MCO 3.0) on '06/05/2021' for Selangor & '07/05/2021' for Kuala Lumpur, We 'India International Bank Malaysia Berhad' has revised our IIBM,KL operating hours for more convenience to the customers.

The revised operating hours will be as under with the effect from '07/05/2021' until further notice.

  • Branch Operation Hours : 10:00AM - 2:00PM
  • RENTAS Funds Transfer Timing : 10:00AM - 2:00PM 

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.

In support of government announcement with regards to revision of 'Conditional Movement Control Order' (CMCO) on '31/03/2021' for Selangor & Kuala Lumpur, We 'India International Bank Malaysia Berhad' has revising our IIBM,KL operating hours for more convenience to the customers. 

The revised operating hours will be as under with the effect from '05/04/2021' until further notice.

  • Branch Operation Hours : 9:30AM - 4:30PM
  • 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

Khidmat Nasihat Pembiayaan (MyKNP) - Financing Advice

myknp1.JPG

Click here for more information.

Changes in Fixed Deposit Rates From 05/12/2020

India International Bank (Malaysia) Berhad (IIBM) announces the cut in its MYR Fixed Deposit Rates from 05th December 2020, in view of the current market liquidity scenario.

The revised Fixed Deposit Rates are below:

Tenor Current Board Rates Revised Board Rates
1 Month – 2 Month 1.70 1.45
3 Month – 5 Month 1.75 1.40
6 Month – 11 Month 1.80 1.30
12 Month 1.85 1.30
Above 12 Months Negotiable Negotiable

* With effect from 05th December 2020 and for amount Up to 2 Mio Only. 

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

Changes in Fixed Deposit Rates From 01/11/2020

India International Bank (Malaysia) Berhad (IIBM) announces cut in its Domestic fixed Deposit rates by 10 basis point effective 01st November 2020, in line with the current market conditions

Domestic Fixed Deposit Rates:

Tenor Current IIBM Rates Revised IIBM Rates
1M – 2M 1.80 1.70
3M  - 5M 1.85 1.75
6M – 11M 1.90 1.80
12M – 24M 1.95 1.85
36M Negotiable Negotiable
48M Negotiable Negotiable

*With effect from 01st November 2020 & for up to RM 5.00 Mio

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

IIBM OPERATION HOURS REVISION

Dear Esteem Customer, 

We trust this communication finds you well.

In support of government announcement with regards to revision of 'Conditional Movement Control Order' (CMCO) on '20/10/2020' for Selangor & Kuala Lumpur, We 'India International Bank Malaysia Berhad' has revising our IIBM,KL operating hours for more convenience to the customers. 

The revised operating hours will be as under with the effect from '22/10/2020' until further notice.

  • Branch Operation Hours : 10:00AM - 2:00PM
  • RENTAS Funds Transfer Timing : 10:00AM - 2:00PM 

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.

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

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

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.

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 : [email protected] / [email protected]

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