PETALING JAYA: OCBC Bank (M) Bhd has launched the third tranche of its Precious Water floating rate negotiable instrument of deposit (FRNID) whose distinctiveness lies in its ability to provide customers the opportunity to ride on the growth of global water-related stocks.
This follows the success of two earlier tranches launched almost a year ago. For a minimum deposit of RM100,000 (and not exceeding RM10mil), a customer may take up the bank's three-year Precious Water FRNID, which is 100% principal-protected if held to maturity.
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