The deduction date and transaction date are varied for different payment methods and contribution frequency.
Weekly and Bi-weekly Contribution:
Payment Method | Deduction Date | Transaction Date |
RHB Cash Management Fund 2 and Cash Account | We will process the RSP on Wednesday of every (weekly) and alternative (bi-weekly) week or the following business day if the Wednesday is a non-business day. | We will process the RSP on Wednesday of every (weekly) and alternative (bi-weekly) week or next business day |
Monthly Contribution:
Payment Method | Deduction Date | Transaction Date |
RHB Cash Management Fund 2 and Cash Account | Please ensure you have sufficient balance in RHB Cash Management Fund 2 and Cash Account in order to process the RSP. | We will process the RSP on the 15th of every month or the following business day if 15th is a non-business day. |
FPX E-Mandate | Bank will deduct payment from your bank account 4 business days before 15th of every month or next business day if the 15th is a non-business day. |