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
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
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.
|Type of Customers||Minimum Deposit Amount Term : 12 months|
|Eqv. USD 1,000 (other Ccy)|
|Individual||Eqv. IDR 10,000,000|
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.
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.
|Cancellation before maturity date||No interest for that period|
|* USD||½ % (min Eqv. USD 5)|
|* JPY||½ % (min Eqv. USD 5)|
|* CNY||½ % (min Eqv. USD 5)|
|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:
Draw down procedure
Minimum 1 (one) year.
F. Differences between Special Time Deposit and Time Deposit