Topic
#bank negara
2 articles
Money Taken From Your Bank Account Without Consent? When Malaysian Banks Must Refund You (2026)
Since 1 October 2024, Bank Negara's SEFT policy has set out when a bank must absorb a fraud loss on a transaction you never made, how fast it must answer you, and when it must lend you up to RM5,000 while it investigates. Here is how it works, what it does not cover, and where to go if the bank says no.
MediAsas, Malaysia's Government-Designed Medical Plan: What RM500 per Illness Buys, Who Is in the Pilot, and Why January 2027 Matters
MediAsas is the base medical insurance and takaful plan built by Bank Negara, the Finance Ministry and the Health Ministry. Its pilot runs in the Klang Valley until October 2026 for staff of selected employers only, and the national launch is set for January 2027, the month BNM's cap on medical premium increases is due to lapse. We read BNM's pilot FAQ and White Paper line by line: RM100,000 a year, RM500 per illness, shared rooms, and a seven-year moratorium.