SAVING INCENTIVE PAYMENT

The Delegates at its Annual General Meeting (AGM) decided to revise the Savings Incentive based on prevailing Market rates;

Savings Savings Incentive
> RM 4,000 but < RM 10,0000 4%
> RM 10,000 5%
  • The following table illustrates your earnings on a monthly Subscription of RM 100-00.
RM 100 Monthly Subscription
No Of Years Annual Closing Balance Savings Incentive Earned Total Savings Incentive Earned YTD
1 1,200
2 2,400
3 3,600
4 4,800 240 240
5 6,000
6 7,200 504 744
7 8,400
8 9,600 864 1,608
9 10,800
10 12,000 1,200 2,808
11 13,200
12 14,400 1,440 4,248
13 15,600
14 16,800 1,680 5,928
15 18,000
16 19,200 1,920 7,848
17 20,400
18 21,600 2,160 10,008
19 22,800
20 24,000 2,400 12,408
  • Savings Incentive is paid based on the Annual Closing Balance in your subscription account. Our Annual Closing is on 31st December of every year.
  • A member becomes entitled for the Savings Incentive once his / her Subscription Savings is above RM 4,000.
  • A member will continue to earn the Savings Incentive on every subsequent increase of RM2,000.
  • All Savings Incentives earned by the member shall be held in a Suspense Account for a year. The Board has decided to vary this requirement, instead of holding the monies in the Suspense Account the Board has decided to pay the incentive earned directly to the member BUT such payments shall be deemed as advances.
  • Should a member resign or stop the monthly subscription before the 1 year tenure is completed, the monies paid in advance shall be subtracted from Subscription Savings.

What's New

  • "KOPERASIBANK GIVES BACK" KoperasiBank‚Äôs social initiative was to give back to society.
  • Suruhananjaya Koperasi Malaysia (SKM) had approved the incorporation of three (3) subsidiary companies under subsection 19.1 Akta Koperasi 1993.
  • KoperasiBank had sold Burger King outlet, Desa Sri Hartamas back to Cosmo Restaurant Sdn Bhd.
  • KoperasiBank held its 30th Annual General Meeting at Hotel Istana, Kuala Lumpur City Center, on 3rd of June 2016 at 7 p.m