Notice on Revised Stamp Duty for Cheques
Kuala Lumpur, 28 February 2025
Dear Valued Customers,
Effective 01 January 2025, the stamp duties pertaining to cheque-related instruments, as outlined in The Finance Bill 2024 will be revised as follows:
1. Conventional Current Account
Fees & Charges Description |
Existing Fees & Charges |
Revised Fees & Charges |
|---|---|---|
Issuance of cheque book |
Stamp duty of RM0.15 per cheque leaf |
Stamp duty of RM1.00 per cheque leaf |
3rd and subsequent cheque books in a calendar month |
RM0.15 per cheque leaf | RM1.00 per cheque leaf |
2. Conventional Fixed Deposit Account
Fees & Charges Description |
Existing Fees & Charges |
Revised Fees & Charges |
|---|---|---|
Withdrawal by Banker’s Cheque |
RM0.15 per cheque leaf for stamp duty |
RM1.00 per cheque leaf for stamp duty |
3. Islamic Current Account-i
Fees & Charges Description |
Existing Fees & Charges |
Revised Fees & Charges |
|---|---|---|
Issuance of cheque book |
Stamp duty of RM0.15 per cheque leaf |
Stamp duty of RM1.00 per cheque leaf |
4. Islamic Fixed Deposit Account-i
Fees & Charges Description |
Existing Fees & Charges |
Revised Fees & Charges |
|---|---|---|
Withdrawal by Banker’s Cheque |
RM0.15 per cheque leaf for stamp duty |
RM1.00 per cheque leaf for stamp duty |
5. Government Current Account
Fees & Charges Description |
Existing Fees & Charges |
Revised Fees & Charges |
|---|---|---|
Application for Banker’s Cheque |
RM0.15 per cheque leaf for stamp duty |
RM1.00 per cheque leaf for stamp duty |
6. Government Current Account-i
Fees & Charges Description |
Existing Fees & Charges |
Revised Fees & Charges |
|---|---|---|
Application for Banker’s Cheque |
RM0.15 per cheque leaf for stamp duty |
RM1.00 per cheque leaf for stamp duty |
7. Remittances
Fees & Charges Description |
Existing Fees & Charges |
Revised Fees & Charges |
|---|---|---|
Banker’s Cheque Application |
RM0.15 per cheque leaf for stamp duty |
RM1.00 per cheque leaf for stamp duty |
| Outward Clean Bills for Collection | RM0.15 per cheque leaf for stamp duty | RM1.00 per cheque leaf for stamp duty |