BISA iB Current Account is a current account product adapting sharia principal of Modaraba (Profit Sharing) contract as a transactional solution. Product’s time period will be ended when the Customer closes the account. The product is included in funding product.
Benefits
Average Balance Range (Rupiah) |
Customer’s Right to Free Transaction Banking (Monthly) |
|||
Clearing Deposit Maximum*1 |
National Clearing Transfer Maximum*2 |
RTGS Transfer Maximum*2 |
Checkbook / BG Request Maximum*2 |
|
0 – 50 million |
- |
3 time(s) |
1 time(s) |
- |
> 50 million – 500 million |
- |
5 time(s) |
5 time(s) |
- |
> 500 million – 2 billion |
Free |
30 time(s) |
20 time(s) |
1 book(s) |
> 2 billion – 5 billion |
Free |
30 time(s) |
30 time(s) |
2 book(s) |
> 5 billion |
Free |
60 time(s) |
60 time(s) |
3 book(s) |
Average Balance (Rp) |
Nisbah |
Equivalent Rate Indication* |
0 – 50 million |
5% |
0.50% |
>50 – 500 million |
15% |
1.50% |
>500 - 2 billion |
20% |
2.00% |
>2 – 5 billion |
25% |
2.50% |
>5 billion |
30% |
3.00% |
*GPD |
10.017% |
*Equivalent Rate Indication is taken from the Customer Nisbah times Gross Profit Distribution (GPD) in the current month and is not fixed.
Risk
The risk that coming with BISA iB Current Account is the fee and nisbah fluctuations that can be done anytime by the Bank and will be informed through branches, website or other media that is considered feasible by the Bank.
Requirements and Procedures
If there is any complain or unclear information, please call Hello Danamon at 1-500-900 or visit the nearest branch.
Biaya
BISA iB Current Account |
Modaraba |
Initial Deposit |
Rp 1.000.000 |
Minimum Hold Amount |
Rp 50.000 |
Minimum Balance Maintained |
≤ Rp 500.000 |
Fee |
|
Monthly account administration |
Gratis |
Checkbook/BG (if the average balance conditioned is not present) |
Rp 125.000 |
Under minimum balance maintained fee |
Rp 25.000 |
Print Statement
|
Rp 5.000 Rp 10.000 |
Simulation
Example of Customer’s Right to Free Banking Transaction:
Customer A has an average balance of the first month for Rp 2 billion and performs transaction in current month, as follows:
National Clearing Deposit |
= |
10 x |
Clearing Transfer |
= |
40 x |
RTGS Transfer |
= |
10 x |
Checkbook request |
= |
2 x |
What are the benefits for the customers?
Answer:
1. Customer A will receive profit share of the deposit, with the following details:
Nisbah tiering follows mentioned rule table with profit share formula based on average balance on the first month:
Average Balance X Equivalent Rate Indication X 30 (days for a month)/365; with the details:
Balance on Rp 0 – 50 M |
= |
50.000.000 x 0.5% x 30/365 |
= |
20.548 |
Balance on Rp 50 – 500 M |
= |
450.000.000 x 1.5% x 30/365 |
= |
554.795 |
Balance on Rp 500 M – 2 B |
= |
1.500.000.000 x 2.0% x 30/365 |
= |
2.465.753 |
Profit Share Total |
|
|
|
3.041.096 |
Profit share that received by Customer A before tax is Rp 3.041.096.
2. Customer A will receive refund of banking transaction that has been done on the first month:
a) National Clearing Transfer |
= |
30 X Rp. 6.000 |
= |
180.000 |
b) RTGS Transfer |
= |
10 X Rp. 25.000 |
= |
280.000 |
c) Checkbook Request |
= |
1 X Rp. 125.000 |
= |
125.000 |
Total Refund |
|
|
|
585.000 |
|
|
|
|
|
For free clearing will not be applied on the first month. Thus, the total benefit that Customer A received as profit share and transaction refund is Rp 3.041.096 + 585.000 = Rp 3.626.096 and will be received/credited to customer’s account on the next month.