hi, MikeH,
Many thanks for the post, and the update. Pleased to hear that everything went well for you. Your experience is very interesting, and pertinent for me as I'll be renewing shortly.
The bank officer told me that any change in the deposit which would require it cancelling - these include withdrawing capitalised interest, changing the terms or even the branch of domicile - would lead to the MM2H permit being cancelled.
IMHO the bank officer may, or may not, be right. This needs looking into. If the interest is capitalised, and the
FD can never be "reissued" then interest can never be withdrawn. I thought that banks had MM2H stamps for this use.
On taking out an FD it can be stated that the interest will be withdrawn or deposited elsewhere. The Motour site has the following on it's "Opening a Fixed Deposit in Malaysia" page :
Interest earned on the FD can be withdrawn by the participant after the one-year period.
Also, for a 12 monthly deposit, the terms (i.e. interest) are automatically changed on renewal if there is a change in the interest rate.
Cancellation, or non-renewal, of MM2H because of change of branch of domicile? So if I move from Penang to Johor Bahru I've got to stick with the Georgetown branch of Maybank? I think that some clarification is needed.
On the Letter of Intent, these are the requirements taken today off the MoTour site. This is what it states if you look under the Applications heading (on the left-hand side of the How to Apply Page) then click on Renewal :
1 Letter of Intent to continue stay in Malaysia under this programme
2 IM 55 Form
3 Copy of the old and new passport.
4 Copy of the fixed deposit certificate
5. Copy of the valid medical insurance.
I last checked this early last year. Since then Item (1) has been added. It was discussed in May 2007 at :
Renewal RequirementsHowever, if you look at the bottom of the How to Apply page it states :
For participants who joined the programe before 1 April 2006 , renewal can either be submitted directly by the individual participant or through licensed company to Immigration Department , Putrajaya or the State Immigration Office which issued the initial Social Visit Pass.
The following documents are required for the renewal :
1 IM 55 Form
2 Copy of the old and new passport.
3 Copy of the fixed deposit certificate
4 Copy of the valid medical insurance.
No letter on this one. So, you've discovered another anomaly. Well done.
As you have posted, the need for a Bank letter regarding the FD is not on the MoTour site. Why is a letter needed if you have a valid FD certificate?
Maybe it's some confusion by the officer with the bank letter needed by new applicants when they collect the visa. Check out :
About Fixed DepositsOr maybe it is a new requirement. Has anyone else experienced this?
Anyway, thanks for the heads up. I'll get a letter just in case.
regards, Scott