Pesirah Raden Savings

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Pesirah Raden Savings

Attractive Interest

Competitive and rewarding interest rates

Fee Free

Free admin fees for certain balances

Safe & Guaranteed

Insured by LPS and supervised by OJK

About Pesirah Raden Savings

Get to know the product

Tabungan Pesirah Raden (Future Plan) is a special savings product for savings / current account holders at Bank Sumsel Babel who want to save consistently with a certain nominal every month within a certain period of time in order to realise certain plans in the future.

Name of Issuer

PT Bank Pembangunan Daerah Sumatera Selatan and Bangka Belitung

Main Features

Account Owner
Pesirah Raden Savings is intended for individual Indonesian citizen customers aged 17 to 65 years who are the owners of conventional savings/giro accounts at Bank Sumsel Babel.
Initial Deposit
Minimum IDR 100,000,-
Monthly Deposit
Starting from Rp 100,000, - multiples of Rp 50,000, - maximum Rp 5,000,000 per month.
Saving Period
Customers are free to choose a saving period of 12 months to 240 months, multiples of 12 months provided that the customer's age at the end of the Pesirah Raden Savings term contract does not exceed 65 years of age.

Benefits

Practical, maintain consistency in saving practically because monthly deposits are made by autotransfer from the account owner's savings / current account as an affiliate account.
Certain, every month the Bank will help debit the amount of regular savings desired by the customer from the customer's main savings and separate it from the main account, and the customer is free to add funds outside the monthly deposit
Competitive Interest Rate
Guaranteed insurance with premiums borne by Bank Sumsel Babel.

Requirements and Procedures for Opening an Account

Individual citizens aged 17 to 64 years at the time of opening an account.
Is the owner of an existing savings / current account at Bank Sumsel Babel.
Bring and/or show a physical and/or digital KTP-el.
If the account owner is not a beneficiary, the account owner is required to bring and show the original Family Card (KK) as proof of the relationship between the account owner and the beneficiary.
Fill out and sign the Application Form for Opening a Pesirah Raden Savings Account
Read and sign the terms and conditions for opening a Pesirah Raden savings account, sign the signature specimen.

Risk

Funds deposited in Pesirah Raden Savings can only be withdrawn after maturity. If the customer needs funds before the time, the disbursement can be done but a penalty will be charged.
Tabungan Pesirah Raden is a term savings account that requires customers to deposit a certain amount of funds regularly every month according to the agreed date. If there is a delay or the customer is unable to deposit on schedule, the bank may impose a penalty or even close the account.
The customer is obliged to provide information and/or data that is correct and in accordance with the actual conditions. All consequences arising from the discrepancy of information and/or data provided are the sole responsibility of the Customer
If the Customer's total deposits in one bank exceed Rp2,000,000,000.00 (two billion rupiah) and the savings interest rate received exceeds the maximum guaranteed interest rate set by the Deposit Insurance Corporation (LPS), then the deposits are not guaranteed in accordance with applicable regulations.

Fees

There is no monthly administration fee.
In the event of a failed autotransfer from an affiliate account due to insufficient balance, the Pesirah Raden savings account will be charged an autotransfer failure fee of Rp 5,000 per month.
If the account is closed before the due date, either at the request of the account owner or due to failed autotransfer for 3 (three) consecutive months, the customer will be charged an account closing fee with a fee of 1% of the total final balance (minimum IDR 100,000).

Interest Rate
Monthly Deposit                                               Interest Rate
IDR 100,000 - IDR 2 million 1%
Rp 2 million - Rp 3 million                            1.5%
Rp 3 million - Rp 4 million    1.75 %
Rp 4 million - Rp 5 million    2%

Facilities

Pesirah Raden Savings is not provided with ATM Card, SMS Banking & Internet Banking facilities.
As a means of monitoring account balances and mutations, Pesirah Raden Savings is provided with mobile banking facilities but cannot be used for financial transactions.
Payment of insurance benefits in the amount of the remaining principal instalments (Savers) to the beneficiary if the customer dies or is permanently and totally disabled.

Simulation

Initial deposit = Rp 100.000,-
Monthly deposit = Rp 1.000.000,-
Saving period = 1 year
Interest rate = 1% Pa

Fund Development Simulation
Fund Indication at maturity = IDR 12,152,930.26
Note:
Fund development results are indicative. The final value of fund development can be greater or lesser depending on the prevailing interest rate during the saving period. The actual value is what is recorded in the Bank's system.

Penalty Simulation (Account Closing before Maturity)
If the account is closed in the 6th month, then :
Balance on the 6th month = Rp 6,110,343,-
Penalty = 1% x Rp 6,110,343,- = Rp 61,103.43
Because the penalty is less than Rp 100,000, the penalty imposed is Rp 100,000.
The funds to be credited to the affiliate/source customer's account is Rp 6,110,343, - minus the penalty of Rp 100,000, - which is Rp 6,010,343.

Additional Information

Affiliate Account

Affiliate Account is an individual savings / giro account that is used by the owner of the Pesirah Raden savings account as a source of funds for his regular monthly deposit and also an account to accommodate the disbursement of his savings plan / savings fund.
The affiliate account is an account in the name of the same account owner (1 CIF) as the linked Pesirah Raden Savings account.
Affiliate account numbers can be changed at any time
Affiliate accounts cannot be closed if they are still related to the Pesirah Raden savings account

Transaction Terms

Deposit Transaction
There are 2 types of deposit transactions to the Pesirah Raden Savings account, namely regular monthly deposits and additional deposits.
a. Pesirah Raden Savings monthly routine deposits are made by autotransfer from the affiliate account to the Pesirah Raden Savings account on a certain date each month according to the agreement with the account owner. Customers can choose the autotransfer date with a choice of dates 1 to 28.
b. Pesirah Raden Savings Account can receive additional deposits outside of routine monthly deposits through all channels.
Withdrawal Transaction
Funds in the Pesirah Raden Savings account cannot be withdrawn until the Pesirah Raden savings period ends, except at the time of account closure.

Proof of Account Ownership
Proof of ownership of Pesirah Raden Savings account in the form of a Certificate with a special design.
Account Closing

Closing the Pesirah Raden savings account can be done at the request of the account owner before the due date or automatically by the system on the due date or if there is a failure to autotransfer the monthly routine deposit for 3 (three) consecutive months.
Closing the account before the due date at the request of the owner can be done at the branch office of the opening / managing Pesirah Raden savings account.
The entire balance in the Pesirah Raden savings account at the time of account closure is transferred to the affiliate account after deducting fees (if any).Current interest at the time of account closure is not paid.
Closing the account before the due date either due to 3 times failure to transfer the monthly routine deposit or at the request of the customer is subject to a penalty of 1% of the balance, a minimum of IDR 100,000.
Every time the Pesirah Raden savings account is closed, all funds in the Pesirah Raden account are credited to the Affiliate Account at the same time as the account is closed.
Pesirah Raden savings accounts that have been closed cannot be reused.
Pesirah Raden Savings account owners will receive notification of account closure via Short Message Service (SMS) on the mobile number registered in the Bank's system.

FAQ

How do customers submit complaints to Bank Sumsel Babel?