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Product Information

Description

1

Product Name

Time Deposit

2

Types of Products

Fixed Deposit Account

3

Issuer Name

Bank SBI Indonesia

4

Main Feature

Deposit is IDR 1,000,000 USD 1.000,- As a proof of placement, the Bank will issue a Deposit Bilyet and Confirmation of Renewal every maturity date on behalf of the Depositor

5

Benefits

Competitive interest rates. The offered period are 1,3,6,12 monthly and obtain transaction information on accounts via Internet Banking

6

Risk

The risk of costs arising from the Customer's negligence will be charged to the Customer. And savings are not guaranteed by the Indonesia Deposit Insurance Corporation (LPS) if the nominal balance of your savings at a bank exceeds Rp. 2,000,000,000 (Two Billion Rupiah and the savings interest rates exceed the LPS (Indonesia Deposit Insurance Corporation) guarantee interest rate, as well as misuse of Electronic Banking, PIN/Password and ATM cards/Savings Book

7

Requirements & Procedures

The customer fills out and signs the Account Opening Application Form for Deposito and follows the terms & conditions applicable at Bank SBI Indonesia and submits Photocopies of KTP/Passport/SIM for Indonesian citizens and KITAS for foreigners, and NPWP and the legality of the company

You can submit questions and complaints through the nearest Branch Office and contact the Call Center number listed

8

Charges

Fixed deposit Customers will not be charged any except for stamp duty cost

9

Additional Information

If there is a difference between the balance on the checking account statement and the balance recorded on the bank's books, the balance recorded on the bank's books will be used.

10

Simulations and/or historical data, in terms of products and/or services that have funding , lending activities and/or fund management

The balance position at the end of the day of the Savings Customer is IDR 1000,000, Interest 2%, tenor 1 month, then the interest received by the  Customer on that day according to the balance tiering is: 10,000 x 30/31 x 5% divided by 365/366  (less tax on interest according to provision)