Patriot Ummah Saving Scheme
Copy URL

Dictionary term

Definition of "Patriot Ummah Saving Scheme"

A scheme started by Bank Partanian Malaysia (BPM) in 1990. Under the scheme, a person pays the bank a minimum of ten ringgits to start a saving bank account. Instead of earn- ing interest on his saving account, the saver gets a bonus, which is equal to inflation rate in the economy. Thus, the scheme protects real value of the savings.

Get access to 300+ modules today and learn from expert trainers...