Giro BISA iB - Sharia

Managed based on Sharia principle of mudharabah agreement (profit sharing), the Giro BISA iB account serves as a transaction solution for the productive use of funds. The agreement period ends when customer closes the account.

Benefits

No monthly administration fees.
No transfer fees to other banks (SKN and/or RTGS), deposit clearing fees, purchase clearing fees (Cheques and Bilyet Giro), with detailed explanation as follows: 

• Automatic free clearing (no clearing fee)^*1 for bank executed transactions (provided it meets average balance requirements
  
• Free SKN, RTGS, Checkbook/BG^*2.  Fees will be credited (refunded) in the following month after the transaction month (provided it meets the average balance requirement). Waver of charges or refunds are made based on the average balance of the previous month. For newly opened accounts, the refund will be posted in the 2nd month.
  
• Waiver of fees or refunded fees shall be debited from the Giro Bisa iB account (cashless).
  
• Waiver of charges or refund only applies to Single Transaction fees, excluding Bulk Transactions, collection transactions and intercity clearing.
  
   

Current Account Ratio (Profit Sharing) BISA iB (Product Code: 644) effective 1 September 2021

* The Equivalent Rate is indicated by obtaining the Customer Ratio multiplied by the Gross Profit Distribution (GPD) in the current month (not fixed).

Ratio (Profit Sharing) Premium Business Giro iB IDR Tier (Product Code : 652) effective 1 September 2021.

*The Equivalent Rate is indicated by obtaining the Customer Ratio multiplied by the Gross Profit Distribution (GPD) in the current month (not fixed).

Risk

Giro BISA iB entails risks which refer to changes in fees and ratios that can be made any time by the Bank. The Bank will inform these changes through its branches, website or other appropriate media.

Procedures and Requirements

• Valid proof of identification (KTP/SIM/Passport)
  
• Original (with photocopies) of SIUP/NPWP/TDP/deed of company establishment/other documents (for non-Individuals)
  
• Account opening form (duly accomplished)

For further inquiries, clarifications or complaints, you can contact Hello Danamon at 1- 500 – 090 or visit the nearest branch.

Simulation

Sample calculation of a customer's privilege for waver of bank transaction fees:
Customer A has an average balance in the first month of IDR 2,000,000,000 and performs transactions in the current month, as follows:

What are the customer’s benefits?
Answer:
1. Customer A receives profit share for the fund placement. Details are as follows:
Calculation of tiered profit share (ratio tier) follows the provisions of the table above wherein the formula for profit share is based on the average balance of the current first month:

Average Balance x Indicated Equivalent Rate x 30 (number of days in a month) / 365; with details:

The Customer receives profit share of IDR 3,041,096 before tax.
2. Customer A gets a refund for banking transactions that have been carried out during the first current month:

In order to avail of waived fees, customer must not make a deposit in the first month. So, the total profit obtained by the customer in the form of profit share and transaction refund shall be IDR 3,042,096 + 585,000 = IDR 3,626,096 which will be received/credited to the customer's account in the succeeding month.