Malaysia legislation

Section 34

of BANKING AND FINANCIAL INSTITUTIONS ACT 1989

Section 34

(2)

The Bank may specify the minimum amount of a single deposit, or the maximum aggregate amount of all deposits which such licensed institution may accept on deposit from a single depositor, and also other terms and conditions on which deposits may be accepted by it.

(3)

A specification under subsection (1) or (2) shall not affect any agreement between a depositor and the institution made before such specification comes into force.