The Advantage of IDR Deposit

• Can be renewed automatically at due date/ARO (Automatic Roll Over)
• Competitive interest rate
• Can be used as credit guarantee correspond with credit policies
• The balance of your account is more secure because it has been included in the LPS (Lembaga Penjamin Simpanan) program

Regulations for IDR Deposit

• Intended for individual customers, businesses and government
• The initial deposit of at least IDR1 Million
• Duration of the placement are 1, 3, 6, 12 & 24 months
• Defrost before due date remains given current interest, but subject to a penalty/fine of 25% of the accrued interest after tax
• Depositors who have more than one slip, will be awarded interest on the nominal amount of each slip

Requirements for IDR Deposit

Individual

• Complete and sign the account opening application for new customers
• Completed applications to open deposit for existing customers
• Attach a copy of valid KTP/SIM/Passport
• Attach a copy of NPWP (if have any)
• Not listed on the Black List of Bank Indonesia

Business Entity

• Complete and sign the account opening application for new customers
• Completed applications to open deposit for existing customers
• Attach a copy of ID valid KTP/SIM/Passport
• Attach a copy of Akta Pendirian its amendments and the latest board members
• Attach a copy of other business licenses (SIUP, SITU, TDP)
• Attach a copy of the letter of appointment/appointment as board member
• Attach a copy of NPWP (if have any)
• Not listed on the Black List of Bank Indonesia

Interest Rate Time Deposit IDR

update per 1 November 2022

IDR Time Deposit Costs

• There is no administrative cost
• The cost of stamp duty accordance with the regulations