Summary of Conventional Product / Service Information

Product & Services

Product & Services

Product Description

  • Tabungan Jago is one of the basic savings products offered by Bank Jago to collect funds from third parties.
  • This product account can be accessed through the branch. This product account can be accessed through branches
  • Account transaction information can be viewed by the Customer through E-Statement/electronic financial statements. Account transaction information can be viewed by customers through E-Statement/electronic financial reports
  • Equipped with ATM Card & ATM PIN

Main Features

Minimum balance

Rp 25.000.-

Interest Rate Guarantee

Following the applicable LPS regulations.

Saving interest rate

Follow the applicable interest rate.

Benefit

  • Affordable initial deposit
  • Easy account access
  • ATM transactions that can be conducted:
    • Balance information
    • Cash withdrawal
    • Interbank network participant transfer

Risk

  • There is a market risk related to interest rates, where an increase in market interest rates is not immediately reflected in savings interest rates.
  • Savings are not guaranteed by LPS if:
    • Account balance exceeds 2 billion Rupiah.
    • Interest rate exceeds LPS guarantee interest rate.
  • There is a risk due to the misuse of ATM card/ATM PIN or ATM network connection failure.

Requirements

  • Tabungan Jago is intended for individual and corporate customers
  • Tabungan Jago account can be a joint account with an AND or OR status (specifically for individuals).
  • Tabungan Jago account can be provided to Customers who are still under age or under guardianship using 'Parent/Guardian's Name QQ Child's Name or Guardian's Name
  • Melengkapi Formulir Data Nasabah dan Pembukaan Rekening serta menyerahkan dokumen pendukung yang dipersyaratkan, antara lain:
    Documents required for individual Customers include:
    • Copy of ID card (KTP) and NPWP for Indonesian individual Customers.
    • Copy of passport and KITAS/KITAP/Reference Letter from Bank Jago or other banks for foreign individual Customers.
    Documents required for non-individual Customers (including foreign companies) include:
    • Referring to the Appendix of Supporting Documents for Opening CIF and Savings Account Customer

  • Fulfilling the applicable APU PPT/KYC requirements of the customer.
  • The initial deposit is Rp 100,000,-
  • Interest is calculated based on daily balance with actual year divisor or the number of days in the counted year (365/366).
  • The account becomes passive/dormant if there are no transactions from the related customer for 18 (eighteen) consecutive months.
  • Interest calculation is based on the balance from the 26th of the month until the 25th of the following month.
  • The interest will be credited to the account on the 27th of each month and any applicable taxes will be deducted based on the prevailing regulations.
  • Saving account is not allowed to have a debit/negative balance.
  • Questions and complaints regarding the savings account can be submitted to the branch and/or through the customer complaint process applicable at the Bank.

Simulation

  • Customer A opened a Savings account on the 6th and made an initial deposit of Rp 10,000,000 on the same day.
  • The customer did not make any transactions on the account until the end of the relevant month.
  • On the relevant month's 27th, Customer A earned an interest of IDR 6,575 on the account.
  • The calculation of interest income (e.g. 1.5% savings interest) on the customer's account is as follows:
    • Gross interest income: Rp 10,000,000 X 1.5% X 20 days / 365 days = Rp 8,219,-
    • Tax on interest: 20% of gross interest income: Rp 1,644,-
    • The interest income on the account becomes: Rp 6,575.-

Charges

Monthly administrative fee Rp 5,000,-
Administration fee if the balance is below the minimum balance Rp 0,-
Account statement fee Rp 0,-
Account closing fee Rp 25,000,-

Additional Information

  • Decrease in Savings interest rate affects the reduction of the amount of interest received by the Customer.
  • Bank is obliged to maintain the confidentiality of information regarding the Customer and their deposits.
  • The Bank has the right to refuse the opening of a Savings account, among others, if the customer does not meet the applicable account opening requirements.
  • Opening a savings account can be served with Off Branch Services if the customer meets the Off Branch Services requirements.
  • E-Statement/Electronic Financial Reports, ATM cards, and the confidentiality of ATM service-related password information as well as E-statement are the responsibility of the Customer.

Product Description

  • Giro Jago is one of the basic savings products offered by Bank Jago to gather third-party funds.
  • This product account can be accessed through branches.
  • Transaction information on the account can be viewed in the Account Statement.
  • This account is equipped with Checkbook and BG instruments.
  • The initial deposit is the same as the minimum balance requirement for the account.

Main Features

Minimum Balance

Rp 1.000.000.-

Interest Rate Guarantee

Following the applicable LPS regulations.

Giro Jago Interest Rate

Follow the applicable interest rate.

Benefit

  • Providing competitive returns.
  • Accessible account.

Risk

  • There is a market risk related to interest rates, where an increase in market interest rates is not immediately reflected in savings interest rates.
  • There is a transaction risk related to the use of Checkbook and/or BG facilities where there are insufficient funds in the account, or rejection of the instrument by the Issuing Bank.
  • The possibility of not being able to fulfill the Regulator's requirements which may result in the account being blacklisted in the Indonesian National Bank Blacklist.

Requirements

  • Giro Jago account is intended for individual and corporate customers.
  • Giro Jago account can be a joint account with AND or OR status (for individual customers only).
  • Completing the Customer Data and Account Opening Form and submitting required supporting documents, including:
    Documents required for individual Customers include:
    • Copy of ID card (KTP) and NPWP for Indonesian individual Customers.
    • Copy of passport and KITAS/KITAP/Reference Letter from Bank Jago or other banks for foreign individual Customers.
    Documents required for non-individual Customers (including foreign companies) include:
    • Referring to the Appendix of Supporting Documents for Opening CIF and Savings Account Customer

  • Fulfilling the applicable APU PPT/KYC requirements of the customer.
  • Initial deposit & minimum balance: Rp 1,000,000,-
  • Interest is calculated based on the daily balance with the actual year divisor or the number of days in the counting year (365/366)
  • The account becomes passive/dormant if there are no transactions from the related customer for 18 (eighteen) consecutive months.
  • Interest calculation is based on the balance from the 26th of the month until the 25th of the following month.
  • The interest will be credited to the account on the 27th of each month and any applicable taxes will be deducted based on the prevailing regulations.
  • Checkbook and BG are subject to the provisions of the Regulator
  • Questions and complaints regarding the savings account can be submitted to the branch and/or through the customer complaint process applicable at the Bank.

Simulation

  • Customer D opened a Giro Jago account on the 4th and made an initial deposit on the same day amounting to Rp 35,000,000,-.
  • The customer did not make any transactions on the account until the end of the relevant month.
  • On the 27th of the relevant month, Customer D received an interest of Rp 8,438,- on the account.
  • The calculation of interest income (e.g. Giro interest 0.50%) on the customer's account is as follows:
    • Gross interest income: Rp 35,000,000,- X 0.50% X 22 days/365 days = Rp 10,547,-
    • Tax on interest: 20% of the gross interest income: Rp 2,109,-
    • The interest income on the account becomes: Rp 8,438,-

Charges

Monthly administration fee Rp 25,000,-
Checkbook/ BG
Per book (25 sheets) Rp 275,000,-
Administration fee if the balance is below the minimum balance. Rp 0,-
Print Out Bank Statement (per page)
Current month's position Rp 0,-
up to 2 months prior position Rp 5,000,-
up to 6 months prior position Rp 20,000,-
up to 1 year prior position Rp 50,000,-
Account Closing Fee Rp 50,000,-

Additional Information

  • Decrease in Giro Jago interest rate affects the reduction of the amount of interest received by the Customer.
  • Bank is obliged to maintain the confidentiality of information regarding the Customer and their deposits.
  • The Bank has the right to refuse the opening of a Giro Jago account, among other reasons, if the Customer does not meet the applicable account opening requirements.
  • Giro Jago account opening can be served with Off Branch Services if the Customer meets the Off Branch Service requirements.
  • The security of Checkbook and BG Warrant is the responsibility of the Customer.

Product Description

  • This product is a third-party fund product that can only be withdrawn within a specified period according to the agreement between the Customer and PT Bank Jago Tbk.
  • This product provides returns based on the agreed-upon interest rate at the beginning of the placement if the placement contract is fulfilled until maturity.
  • This product account can be accessed through branches
  • Withdrawal of term deposit or interest payment cannot be done in cash.

Main Features

Minimum Placement

Rp 1,000,000,-

Interest Rate Guarantee

Following the applicable LPS regulations.

Saving Interest Rate

Follow the applicable interest rate.

Benefit

  • Providing competitive returns.
  • Affordable placement.
  • Several tenor options are available.

Risk

  • There is market interest rate risk, where if there is an increase in interest rates, Customers will not be able to enjoy the increase until the placement reaches its maturity. Conversely, a decrease in market interest rates does not affect Customers' savings.
  • There is a penalty risk for early withdrawal of funds before maturity, as well as non-payment of accrued interest and its impact on the principal amount of the Deposit.

Requirements

  • Term Deposit is intended for both individual and corporate Customers.
  • Term Deposit account can be a joint account with an AND or OR status (specifically for individuals).
  • Completing the Term Deposit Placement and Deposit Form, as well as submitting the required supporting documents, including:
    Documents required for individual Customers include:
    • Copy of ID card (KTP) and NPWP for Indonesian individual Customers.
    • Copy of passport and KITAS/KITAP/Reference Letter from Bank Jago or other banks for foreign individual Customers.
    Documents required for non-individual Customers (including foreign companies) include:
    • Referring to the Appendix of Supporting Documents for Opening CIF and Savings Account Customer

  • Fulfilling the applicable APU PPT/KYC requirements of the customer.
  • Term Deposit is available with tenors of 1, 3, 6, and 12 months.
  • Proof of Term Deposit placement is provided in the form of Term Deposit Advice or Term Deposit Certificate “Bilyet Deposito”.
  • At maturity, TermDeposit can be instructed to:
    • Automatic Rollover (ARO). Extension can be instructed with:
      • Automatic Rollover (ARO) of Principal.
      • Automatic Rollover (ARO) of Principal and Interest
    • Non Automatic Rollover
  • Term Deposit interest can be paid monthly or upon maturity.
  • Interest is calculated based on daily balance with actual year divisor or the number of days in the counted year
  • The interest earned is subject to taxes in accordance with government regulations.
  • For individual customers, it is required to have a Savings or Current Account with the Bank as the source of funds and the account for deposit withdrawal.
  • Withdrawal of Term deposit or payment of interest cannot be done in cash.
  • Withdrawal of matured Term Deposit on a holiday is regulated as follows:
    • If confirmation and withdrawal instructions are received in full by the branch before the maturity date, the deposit can be withdrawn according to the maturity date of the deposit.
    • If confirmation and withdrawal instructions are received by the branch on the next business day, the deposit can be withdrawn on the same day when the confirmation and instructions are received in full by the branch. Interest on the deposit during holidays will be given to the customer according to the applicable interest rate and the principal amount of the deposit during the tenor of the deposit.
    • If the customer has provided confirmation and instructions before the maturity date but wishes to withdraw on the next business day, the withdrawal and interest payment will follow the points mentioned above.
  • Term Deposits can be used as collateral for credit facilities. Term Deposit Certificate (Bilyet Deposito) must be stamped with “Dijaminkan” (pledged), and the original Term Deposit Certificate must be kept as collateral by the Credit Administration unit after being blocked.
  • Term Deposits that are pledged to the bank cannot be withdrawn by the depositor as long as they are still serving as collateral.
  • The interest rate on deposits that serve as collateral must be adjusted periodically in accordance with the prevailing interest rate, taking into account the provisions of the collateral interest rate.
  • Questions and complaints regarding the savings account can be submitted to the branch and/or through the customer complaint process applicable at the Bank.

Simulation

  • Nasabah G has placed a Term Deposit in the amount of Rp 500,000,000,- with a tenure of 1 month.
  • Calculation of interest income (assuming a Deposit interest rate of 4.75%) on Nasabah G's account is as follows: Rp 1,561,644,-
    • Gross interest income: Rp 500,000,000 X 4.75% X 30 days/365 days = Rp 1,952,055,-
    • Tax on interest: 20% of gross interest income: Rp 390,411,-
    • Interest income on the account becomes: Rp 1,561,644,-

Charges

    li>There is no placement fee. If any, stamp duty related to account opening/placement of the product will be charged to the Customer.
  • For Wholesale Funding Business Customers, early withdrawal will incur a penalty fee in the form of a 30% deduction from the total remaining unpaid interest.

Additional Information

  • The bank is obligated to maintain the confidentiality of information regarding customers and their deposits.
  • The bank reserves the right to refuse the placement of a Term Deposit, among others, if the customer fails to meet the applicable account opening requirements.
  • Placement of a Term Deposit can be served through Off Branch Services if the customer meets the Off Branch Services requirements.

ATM

Interbank ATM Transfer Fee Rp 6,500,-
ATM Withdrawal Fee at Another Bank Rp 7,500,-
Balance Inquiry Fee at Another Bank’s ATM Rp 4,000,-
ATM Card Replacement Fee Rp 25,000,-
Daily ATM Withdrawal Limit Rp 15,000,000,-
Transfer Limit or Fund Transfer Limit Rp 25,000,000,-

Other Fees

Bank Reference Fee Rp 100,000,-

Transfer

Over Booking Rp 0,-
Outgoing Transfer
SKN Rp 2,900,-
RTGS Rp 25,000,-
BI-Fast Rp 2,500,-

The following information specifically applies to Giro products

Clearing Deposit via SKN-BI Rp 2,000,-
Clearing Rejection Fee Rp 125,000,-
Collection fee
Checkbook from another bank through Bank Jago Rp 5,000,-
Checkbook from another bank through another bank.
Java Island
Rp 15,000,-
Outside of Java island
Rp 35,000,-
Cancelation or Block (Stop Payment) Cek/Bilyet Giro (per sheet) Rp 30,000,-

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