Re: CHANGE OF CERTIFICATE BASED FIXED DEPOSIT TO STATEMENT BASED
As your preferred bank, we take it as our responsibility to keep you informed of the latest developments
in our organization. Following the successful mergers of Southern Bank with Bumiputra-Commerce Bank
as part of the enlarged CIMB group, we are now well positioned as a universal bank. We are able to serve
customers at every level, from fulfilling personal financial needs to providing sophisticated corporate
banking solutions. Our financial solutions range from conventional to Islamic, simple to complex.
In line with the merger, our Bank shall with effect from 12th March 2007 implement the
Deposit to replace the existing receipt or certificate-based fixed deposit.
Fixed deposit placements and renewals made from this date will be issued with
as evidence of deposit or renewal and thereafter a monthly statement of account will be generated and
sent to customers, whenever there is a transaction in the account.
With the implementation of Statement Fixed Deposit, there is no need to worry about losing any fixed
deposit receipts) or certificate(s) and incurring additional cost to replace them. Customer would also
save time and costs coming to the bank to renew them. The statement sent will help customers
track of their investments, including interest payments.
Customers with existing unmatured fixed deposit receipts or certificates are required to surrender them
when making withdrawals or renewals after the implementation of Statement Fixed Deposit.
For further clarification, please do not hesitate to contact our Call Center at toll free number:
1300 880 900.
Thank you for your continued support.
Kindly take note that this is a computer-generated letter
and does not require any signature. Any changes to the abovementioned
effective date will be communicated trhough notices which will be displayed
at our branches. ATMs and website.