Deposito Berjangka

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Competitive and rewarding interest rates

Free admin fees for certain balances

Insured by LPS and supervised by OJK

About Deposito Berjangka

Get to know the product

Time deposits are deposits whose withdrawals can only be made at a certain time based on an agreement between the depositing customer and the Bank.

Name of Issuer

Main Features

Account Owner
Individuals and non-individuals
Currency
Rupiah & US Dollar
Placement period
1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12 and 24 months.
Minimum Placement
IDR Individual Rp 1,000,000, -
IDR Government Individual Rp 1,000,000, -
IDR Private Individual Rp 2,500,000, -
USD USD 500

Advantages

Free to choose Rupiah and US Dollar currency
Free to choose placement period 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12 and 24 months.
Free to choose interest payment to be transferred every month to savings/current account or into the principal of the deposit.
Free to choose Automatic Roll Over (ARO) or Non ARO renewal method.
Can be used as collateral for credit.

Requirements and Procedures for Opening an Account

For Individual customers in the form of e-KTP / KK for Indonesian citizens and Passports by attaching KIMS / KITAS / KITAP / KTP for foreigners / a certificate from the company where they work.
For Non-Individuals in the form of;
a. Power of Attorney for the appointment of account management
b. Proof of the management / authorized official (in the form of SK, appointment letter, composition of the management, approval of the board of commissioners as stipulated in the AD / ART, deed of establishment and its amendments
c. E-KTP / Passport of the giver and recipient of the power of attorney.
d. Deed of establishment and its amendments
e. Articles of Association and Bylaws (AD/ART)
f. Licensing documents in the form of Business Identification Number (NIB) and licenses / Standard Certificates in accordance with applicable regulations.
g. NPWP

Fees

Penalty for Withdrawing Time Deposits Before Maturity
Time deposits (with negotiated rates) that are withdrawn before the maturity date are subject to a penalty of 0.50% of the deposit amount.
Stamp Duty
Rp 10,000,- (if applicable)

Product Risk

As the owner of a time deposit at Bank Sumsel Babel, it is important to understand some of the risks that may arise in using this product.

Deposits at Bank Sumsel Babel with a balance of more than Rp2,000,000,000,- (two billion rupiah) or that earn interest rates above the guarantee rate set by the Deposit Insurance Corporation (LPS) are not included in the LPS guarantee program. If something happens to the Bank that causes risk to deposit funds, balances beyond the guaranteed limit will not get protection from LPS.
Deposits in the form of time deposits if withdrawn before maturity may be subject to penalty.

Simulation

Simulation Example of Term Deposit Interest Calculation
Mr. Raden places his money in a time deposit at Bank Sumsel Babel with a nominal value of Rp 500,000,000,- with a maturity of 6 months on January 6, 2025. The deposit interest rate for a time deposit with a maturity of 6 months is 2.75%.

a. Simple Interest

On July 6, 2025, the principal amount of Rp 500,000,000 will also be transferred to the depositor's savings/current account. Interest is subject to income tax PPh 20%.
Compound Interest

On July 6, 2025, the principal amount of the deposit of Rp 500,000,000 and the total interest of Rp 6,819,245 will be transferred to the depositor's savings/current account. The interest is subject to 20% income tax.
Example of Simulation of Time Deposit Disbursement Before Maturity
Pak Raden places his money in a time deposit at Bank Sumsel Babel with a nominal value of Rp 500,000,000,- with a period of 6 months on January 6, 2025. The deposit interest rate for a time deposit with a maturity of 6 months. Mr. Raden needs money on April 20, 2025 so he withdraws his deposit before the maturity date.

Additional Information

US Dollar Time Deposit
Term                                        Counter Rate
   <USD 100,000, -    =USD 100,000, -
1 month                               0.25 %                               0.30 %
3 months                             0.25 % 0.30 %
6 months                             0.25 % 0.30 %
12 months 0.25 %                           0.30 %
24 months                           0.25 %                              0.30 %
Customers can choose proof of deposit ownership in the form of Bilyet Deposit and Placement Confirmation Letter with the following differences:

Bilyet Deposit
a. Not transferable to other parties
b. Only for deposits with ARO and non ARO renewal methods
c. Must be returned to the Bank at the end of the term and/or at the time of disbursement.
Placement Confirmation Letter
a. It is a statement letter (not securities) issued by the Bank that is not transferable.
b. Can only be issued for deposits with non ARO renewal method.
c. Interest and principal will be credited automatically to the savings/current account in the name of the depositor (one CIF).
d. No need to return to the Branch office.

Term Extension
There are two term extension options that customers can choose from:

ARO (Automated Roll Over)
Automatic renewal is done without the need to issue a new deposit certificate. Customers must state the frequency of renewal (e.g. one, two or three times) when opening the deposit.
Non ARO (Automated Roll Over) : The extension is based on the customer's request at least two days before the maturity date. For customers who use proof of deposit ownership of placement confirmation letter, the deposit will be automatically transferred to the customer's savings / current account at maturity.

Calculation of Deposit Interest
Time deposits are calculated based on the actual interest days calculated from the opening date to the maturity date (maturity date is not calculated).

Paid monthly on the same date as the deposit opening date.
Monthly interest can be credited to the depositor's savings/current account or included in the nominal/principal amount of the deposit as requested by the depositor.

Disclaimer (Important to read)

The Bank reserves the right to reject any application for account opening or other products if you do not meet the applicable terms and conditions.
Customers are advised to read this Summary of Product and Service Information (RIPLAY) carefully to understand the benefits, costs, risks, and terms and conditions that apply. If there is anything that is unclear, the customer has the right to ask a Bank employee for further explanation before deciding to use this product.

FAQ