Deposit in our Bank does not use Certificate of Deposit, only use Deposit Confirmation. Deposit On Call (DOC) is Time Deposit that can only be withdrawn with certain prior notification before.
If the withdrawals occurred after maturity date, the amount of excess day will be calculated in deposit on call interest calculation.
Deposit on call placement can be done through transfer or cash deposit.
A. Benefit and risk
Benefit
1. As fund deposits facility.
2. As facility to maintain customer's financial stability.
3. Provide safety fund depositing facility.
4. Facility to gain interest profit.
5. Covered by LPS appropriate with prevailing regulation.
Risk
1. Market Risk
Risk occurred due to market interest and foreign exchange fluctuation.
2. Operational Risk
The dysfunction of internal process, human error, system failure or external problem.
B. Procedures and Using Guidance
Due date of Time Deposit is refer to business day, if unscheduled holiday occurred, due date will fall on the next business day.
Minimum Deposit
|
Minimum Deposit On Call Amount Term : 1, 2 week(s)
|
USD 50,000
|
|
JPY 500,000
|
|
IDR 50,000,000
|
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)
|
|
Exchange
|
Our rate
|
|
|
|
|
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
Interest for Deposit on Call is calculated by following conditions:
Interest Calculation Method
Interest = Nominal x Interest rate x Days / 360
Gross Interest = Nominal x Interest rate x Days / 360 Days
Net Interest = Gross Interest - Tax
Interest and principal draw down of deposit shall be conducted by following:
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.
E. Terms
· 1 Week
· 2 Weeks
back to top
