Skim Amanah Rakyat (Sara) 1Malaysia is another 1Malaysia products for Rakyat. For households with a monthly income of less than RM3,000 can apply for the Government's special savings scheme, Skim Amanah Rakyat (Sara) 1Malaysia.
Benefit of Skim Amanah Rakyat (Sara) 1Malaysia ?
The scheme, which will benefit around 100,000 households, allows those eligible to invest up to RM5,000.
This sum can be paid in cash or obtained through loans. In return, participants will enjoy monthly returns of RM134, or RM50 if a loan was obtained. A participant's total investment would be worth between RM5,000 and RM13,000 after five years.
How To Apply ?
Application forms are available from four participating banks: Maybank, CIMB Bank, RHB Bank and Bank Simpanan Nasional.