Malaysia Interbank GIRO money transfer to reduce to 10 sen, cheque stamp duty will increase

Bank Negara Malaysia (BNM) plans to encourage paperless electronic money transfer by greatly reduce the charge of Interbank GIRO (IBG) money transfer with Internet banking or mobile banking, and at the same time greatly increase the stamp duty of each cheque issued out by the consumer. Effective 2 May...

By: ppfoong

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