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| Member |
Age |
Savings In Account 1
(RM) |
Basic Savings
(RM) |
Computation:
Savings In Account 1 - Basic Savings x 20% |
Member's Eligibility |
| A |
22 |
4,000 |
5,000 |
- |
Not qualified as the savings is lesser than the basic savings required. |
| B |
22 |
8,000 |
5,000 |
(8,000 - 5,000) x 20% = RM600 |
Not qualified as the savings is lesser than required minimum investment amount of RM1,000. |
| C |
25 |
20,000 |
9,000 |
(20,000 - 9,000) x 20% = RM2,200 |
Qualified as the savings is more than the basic savings and minimum limit. |
| D |
40 |
40,000 |
44,000 |
- |
Not qualified as the savings is lesser than the basic savings required. |
| E |
45 |
100,000 |
64,000 |
(100,000 - 64,000) x 20% = RM7,200 |
Qualified as the savings is more than the basic savings and minimum limit. |
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