Rupiah Time Deposit is a time deposit account that can only be withdrawn upon maturity.

Rupiah Deposit Account of Bank Mestika has the following benefits:

1. The Depositor is free to choose the periods: 1 month, 3 months, 6 months, 12 months or 24 months.
2. The interest can be transferred to the Depositor’s savings account at Bank Mestika.
3. Automatic Rollover (ARO) – automatic renewal of deposit account.
4. Be able to be used as collateral.

Term and Condition

1. The Depositor shall have a minimum deposit of Rp8.000.000,-.
2. The Depositor shall have a savings account at Bank Mestika.
3. The Depositor shall complete an Account Opening Form and Personal Data Form.
4. The Depositor shall present the original valid identification documents, as follows:
• For Indonesian citizens (WNI), an E-KTP.
• For Foreign nationals (WNA), a KTP/KITAP/KITAS and a Valid Passport.
5. The Depositor shall present the taxpayer registration number (NPWP).
6. The Depositor shall sign an adequately stamped declaration letter for those without NPWP.
7. For Non-Individual Depositor (Business Entities), the following documents must be submitted:
• Owner's Electronic ID Card (E-KTP).
• Company's Tax Identification Number (NPWP).
• Company Establishment Deed.
• Business Registration Number (Nomor Induk Berusaha "NIB")
• Declaration letter of individual establishment from the Indonesia Ministry of Law and Human Rights.
8. Bilyet Deposito is only valid at the issuing Bank Mestika office.
9. Bilyet Deposito cannot be transferred or sold to another party.
10. If the principal and/or interest of the deposit cannot be transferred to the source account designated by the Depositor as the receiving account for payment be-cause the account is dormant, blocked, or closed, the payment of the principal and/or interest will instead be converted to an Automatic Roll Over (ARO) of both the principal and the interest.
11. The Bank is not obliged to issue a notification for deposit renewal without the Depositor’s request.
12. Non-cash deposits, including but not limited to deposits made in the form of Cheques, Bilyet Giro, and Clearing Instruments, shall only become effective once the funds have been effectively received by the Bank.
13. If the Depositor has any obligations to the Bank, the Bank shall, at its discretion, have the right to withhold the principal amount of the Time Deposit and the interest thereon.
14. Any changes to the information, including but not limited to changes in address or signature that differ from the information previously provided, must be immediately notified to the Bank in writing.
15. If the Depositor passes away, the release of the deposit account by the heir shall conform to the prevailing laws.

Overview of Product and Service (General) Rupiah Time Deposit For Business/Legal Entities Download Here
Overview of Product and Service (General) Rupiah Time Deposit For Individual Download Here

Product Risk

1. Any early withdrawal made before the maturity date will be subject to a 1% penalty of the principal amount, or no interest will be accured.
2. Time Deposit Opening Cancellation Fee Rp 100.000,- per bilyet.
3. In case of loss of the bilyet deposito, the Depositor shall inform the authorities in order to close the deposit account at the Bank.

For more information call us MestikaCall 14083 or visit our nearest branch.