Product & Services

Deposit in our Bank does not use Certificate of Deposit, only use Deposit Confirmation. Special Time Deposit is third party deposit in Bank which is opened every month during its participation term and it's withdrawal can only be implemented in certain time period (approriate with due date) refer to the agreement between depositor and the Bank.

A. Benefit and Risk

Benefits

  1. It is a simple Time Deposit product that customer only needs to come once to the Bank for the opening, deposit will be opened every month by debiting current account automatically with the same amount and currency.
  2. Could be automatically rolled over (ARO) including its interest or without interest.
  3. Interest can be credited to another account in the Bank or transferred to other Bank.
  4. Covered by LPS appropriate with prevailing regulation.

Risk

1. Market Risk

Risk occurred due to market interest fluctuation.

2. Operational Risk

The dysfunction of internal process, human error, system failure or external problem.

3. Risk For Customers

  1. If the Bank is exposed to liquidation, then there is risk for customer deposits cannot be paid in fully, but only be paid according nominally covered by the Indonesia Deposit Insurance Corporation (LPS) with the deposit interest rate according to the LPS interest rate maximum limit that has been set.
  2. If customers withdraw deposits before maturity, the risks arising are as follows:

a. Fines / penalty
b. Interest is not paid in accordance with the deposit rate which has been set at the initial.
c. Interest rate offered is lower than the rate set in the beginning.

Currently, PT Bank Resona Perdania applies point 2.b. If interest paid it has to get approval from the Board of Directors of the Bank.

Procedures and Using Guidance

Must have current account in our Bank.

Minimum Deposit

Type of Customers Minimum Deposit Amount Term :    12 months
Corporate USD 1,000
JPY 100,000
IDR 10,000,000
CNY 100,000
Eqv. USD 1,000 (other Ccy)
Individual Eqv. IDR 10,000,000

 

Funding
Due to the account will automatically debit every month; the fund for the opening of Time Deposit must be available on the day before. If the fund is not available, depositor can deposit their fund on execution day, not later than 4.00 pm. If passing the limit time, it is considered that there is no Time Deposit opening for that month.

Holiday
If debiting date falls on holiday, debiting account will be executed on the next business day and 1 (one) year period is calculated from debiting date.

If due date is on holiday, draw down will be executed on the next business day.

Amendment and Additional
Depositors can amend their monthly Time Deposit amount, debiting date, temporally debiting discontinuance during its participation period.

C. Charges

Services Charges
Cancellation
Cancellation before maturity date No interest for that period
   
Cash Withdrawal  
IDR Free
Foreign Currency:
* USD ½ % (min Eqv. USD 5)
* JPY ½ % (min Eqv. USD 5)
* CNY ½ % (min Eqv. USD 5)
   
Draw Down  
Booked on another internal account:  
* Same currency Free
* Exchange Our rate
   
Booked on other Bank account LLG or RTGS charge or T/T rate
   
Stamp duty IDR 6,000

D. Interest Calculation

Deposit interest is not provided in case of withdrawal is conducted before due date.

Deposit interest is provided by following conditions:

Interest Calculation Method
Gross Interest = Nominal x Interest rate x Days / 360 Days

Net interest = Gross Interest – Tax

Draw down of Special Time Deposit’s principal and interest:

  1. Deposit draw down can only be implemented on the due date. Interest is not provided in case of draw down conducted before due date.
  2. If draw down is conducted before due date, depositor must provide Special Time Deposit disbursement form.
  3. For Time Deposit Special that is not automatically rolled over, principal and its interest will be directly credited to its account on due date.
  4. If the due date is on holiday, the draw down will be done on the next working day.

Draw down procedure

  • Interest capitalization to deposit principal.
  • Cash withdrawal.
  • Transfer to account and or another account in our Bank.
  • Transfer to the other Bank.

E. Terms

Minimum 1 (one) year.

F. Differences between Special Time Deposit and Time Deposit

  1. Depositor should have an account in the Bank.
  2. Special Time Deposit draw down date is determined at the opening of facility.