Provides the convenience of flexible placement tenors for time deposits in selected foreign currencies, with various options available from 1, 3, 6, or 12 months.
Offers competitive interest rates
Interest earned is subject to tax in accordance with government regulations
Minimum placement of IDR 10,000,000
Available in tenors of 1, 3, 6, and 12 months
Can be automatically renewed (Automatic Roll Over – ARO)
Renewal can be for principal only or principal plus interest
CUSTOMER | CCY | TENOR | ||||
1 | 3 | 6 | 9 | 12 | ||
GENERAL | USD | 1,75% | 1,75% | 1,75% | 1,75% | 1,75% |
Facilities
Can be used as loan collateral
Terms and Conditions
Minimum placement : IDR 10,000,000 or USD 1,000
Other currencies : equivalent to USD 1,000
Complete the time deposit account opening form by attaching the required documents as stated in the account opening form
Interest is paid monthly, on the date corresponding to the placement date. If the date falls on a holiday, payment will be made on the next working day
For customers with total deposits > IDR 7,500,000 interest income will be subject to Income Tax Article 4 paragraph 2 at 20%
Risks
If withdrawn before maturity, a penalty will be charged according to the applicable tariff
Fees
Opening fee, material on certificate
Early withdrawal before maturity is subject to fees in accordance with Bank provisions
Administration fee if break : IDR 100,000
Bank notes deposit provision : < USD 10,000 : free > USD 10,000 : 0.5% of the excess
Bank notes withdrawal provision : < USD 10,000 : free > USD 10,000 : 0.5% of the excess
Find the complete information you need about Foreign Currency Time Deposit here here
