eGold Investment Account (eGIA)
eGIA is an investment account that allows you to transact in gold digitally, available now via MyPB App and MyPB.
Open an account now, to enjoy the best possible hedge to inflation!
The key benefits are as follows:
- To earn potentially higher returns from appreciation in gold price.
- Convenience of investing in gold digitally.
- Affordable initial purchase and subsequent investment from as low as 0.1 gram.
- Invest in gold without having to keep the gold physically.
- Alternative investment avenue to build up gold portfolio which is cheaper compared to investing in gold jewellery as the latter will incur additional cost on workmanship.
One main difference is that a GIA can only be opened at a Public Bank Branch, whereas an eGIA can only be opened online, via MyPB App and MyPB.
For more information, you may compare both GIA and eGIA below:
Compare GIA & eGIA
GIA
eGIA
- Individuals aged 18 years and above
- Non-individual i.e. companies, sole-proprietorships, partnerships, societies, clubs and associations with Public Bank Online Banking service access
- Must maintain a CASA or CASA-i with the Bank
- Individuals aged 18 years and above who have an existing Conventional Current Account / Savings Account (CASA) or Current Account-i / Savings Account-i (CASA-i) with Public Bank Online Banking service access
- Non-individual and sole-proprietorships are not applicable
0.1 gram
0.1 gram
0.1 gram plus any additional in multiple of 0.1 gram
0.1 gram plus any additional in multiple of 0.1 gram
0.1 gram
0.1 gram
Can be performed via branches or Public Bank’s
e-Banking service
Can be performed via Public Bank’s e-Banking service
Over-the-counter at branch only
Online account opening via Public Bank’s e-Banking service
- Gold purchases and sales are offered at a discounted price
- Transaction Limit:
- Minimum: 0.1 gram per transaction
- Maximum: RM50,000 equivalent for gold purchases and RM50,000 equivalent for gold sales per GIA per day.
- Gold purchases and sales are offered at a discounted price
- Transaction Limit:
- Minimum: 0.1 gram per transaction
- Maximum: RM50,000 equivalent for gold purchases and RM50,000 equivalent for gold sales per eGIA per day.
- Individual
- Passbook will be provided and every purchase and sale transaction will be recorded in the passbook
- Optional e-statement is available via Public Bank’s e-Banking service
- Non individual
- Passbook is not applicable and every purchase and sale transaction will be recorded in the monthly e-statement only
- Individual
- Monthly e-statement is available via Public Bank’s e-Banking service
- Passbook is not applicable
Yes, each user is allowed to open one eGIA and one GIA. Nevertheless, GIA users may also transact in gold online via MyPB App and MyPB.
The service is only available from Monday to Friday, 9.30am to 4.45pm (excluding Public Holiday and Federal Territory Public Holiday).
The accessibility of eGIA via MyPB are as follows:
- To view your eGIA details and summary, you can navigate to the “Investment” tab under Account Summary via MyPB.
- To open an eGIA, you can navigate to the “Apply” page via MyPB.
- To buy and sell gold with your eGIA, you can navigate to the “Invest” page via MyPB.
Yes. The daily transaction limit for gold purchase and gold sale is RM50,000.00 equivalent per eGIA / GIA respectively.
eGIA / GIA requires a minimum initial purchase of 0.1 gram, whereby you are required to maintain a balance of 0.1 gram in your account with a subsequent purchase or sale of 0.1 gram as well.
The Gold Chart is a new feature available for both eGIA and GIA holders available exclusively on MyPB App and MyPB only.
The Gold Chart is located at the respective Account Summary screen and will provide you with real-time gold price updates, alongside Weekly and Monthly Highs and Lows.
MyPB App and MyPB has also introduced a new Average Purchase Price feature for both eGIA and GIA.
To further enhance your experience, our system will calculate the average purchase price of your total gold purchases. This allows you to visualize your potential gains more effectively.
To find out more information about eGIA / GIA such as Rates & Charges, Product Disclosure Sheet, Terms and Conditions and more, please click here.
