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FOR ALL SRRVisa HOLDERS:
PLEASE BE INFORMED THAT REVISIONS AND AMENDMENTS TO THE MEMORANDUM OF AGREEMENT (MOA) WITH PRA ACCREDITED BANKS ARE STILL ON-GOING.
WE ARE ALSO AWARE OF THE PROBLEMS REGARDING THE INTEREST RATES THAT INDIVIDUAL BANKS EXTEND TO PRA CLIENTS. IN REGARD THERETO, PLEASE BE INFORMED THAT IF YOU ARE NOT PERSONALLY SATISFIED WITH THE INTEREST RATES OFFERED BY THE ACCREDITED BANK HOLDING YOUR REQUISITE DEPOSIT, YOU MAY CHOOSE TO TRANSFER YOUR PRA ACCOUNT FROM ONE ACCREDITED BANK TO ANOTHER, WHICH YOU THINK OFFERS A BETTER INTEREST RATE. (Please note that PRA does not collect any fee from retirees for such transfer, except that the banks may charge transfer fees in accordance with their policies, over which PRA has no control)
REST ASSURED THAT WE ARE ON TOP OF THE SITUATION AND WE ARE DOING OUR VERY BEST TO RESOLVE THIS ISSUE TO THE SATISFACTION OF ALL PARTIES CONCERNED.