Deposit On Call (DOC) is time deposit that can only be withdrawn with certain prior notification before and also assigning deposit certificate to the bank.
If the withdrawals occured after maturity date, the amount of excess day will be calculated in deposit on call interest calculation.
Deposit on call payment can be done through transfer or cash deposit.
A. Benefit and risk
Benefit
As fund deposits facility
As facility to maintain customer's financial stability
Provide safety fund depositing facility
Facility to gain interest profit
Risk
Market Risk
Risk occurred due to market interest fluctuation.
Operational Risk
The disfunction of internal process, human error, system failure or external problem.
B. Procedures and Using Guidance
Fit with current account opening requirements as mentioned in current account opening application form. For example, free from National Black List, which still valid as stated by the Bank of Indonesia.
Application. For depositor who already have current account, it's enough to fill in the opening application. For depositor who does not have our current accont yet, it is must attaching:
Personal:
Identification Card / Passport /copy of KITAS
Corporate:
Certificate of Establishment, Tax Identification Number, Article of Organization, Company Registration and Domicile Permission.
Minimum Deposit.
Deposit Currency
Deposit
Type of Customers
Rupiah (IDR)
Min. IDR 50,000,000.-
Personal and Corporate
US Dollar (USD)
Min. USD 50,000.-
Personal and Corporate
Japanese Yen (JPY)
Min. JPY 500,000.-
Personal and Corporate
Other Currency
Min. eqv. USD 50,000.-
Personal and Corporate
C. Costs
Services
Cost
Cancellation
Cancellation Before maturity date
Free of charge
Cash Withdrawal
• IDR Deposit
• Foreign Currency Deposit
Free of charge
Using our exchange rates
Draw down
• Booked on another internal account
• Booked on other bank account
Free of charge
LLG or RTGS cost
D. Interest Calculation
Interest endowment for Deposit on Call is calculated by following conditions:
Interest Calculation Method
Interest = Nominal x Interest rate x Days / 360
Interest and principal draw down of deposit shall be conducted by following:
Interest Calculation Mode
Gross Interest = Nominal x Interest rate x Days / 360 Days
Net Interest = Gross Interest - Tax
Draw down procedure
Interest capitalization to the principal
Cash withdrawal.
Transfer to account and or another account in our bank.
Transfer to the other Bank.
No penalty either its interest for deposits draw down before maturity date.
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