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: 

Average Balance Coverage (Rupiah)

Customer Banking Transaction Monthly Privileges

Maksimal Clearing Deposit*1

Maximum Transfer SKN*2

Maximum Transfer RTGS*2

Maximum Orders for BG / Check books*2

0 – 50 million

-

3x

1x

-

> 50 million – 500 million

-

5x

5x

-

> 500 million – 2 billion

Free

30x

20x

1 book

> 2 billion – 5 billion

Free

30x

30x

2 books

> 5 billion

Free

60x

60x

3 books


  • 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

Tier

Previous

Current

Ratio

Indicative Rate *

Ratio

Indicative Rate*

0 – 50 million

5.00%

0.50%

5.00%

0.50%

> 50 million - 500 million

15.00%

1.50%

15.00%

1.50%

> 500 million - 2 billion

20.00%

2.00%

20.00%

2.00%

> 2 billion – 5 billion

25.00%

2.50%

22.50%

2.25%

> 5 billion

30.00%

3.00%

25.00%

2.50%

* 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.

Tier

Previous

Current

Ratio

Indicative Rate *

Ratio

Indicative Rate*

0 – < 5 billion

0.10%

0.01%

0.10%

0.01%

5 billion - < 10 billion

12.50%

1.25%

12.50%

1.25%

10 billion - < 20 billion

15.00%

1.50%

15.00%

1.50%

20 billion – < 50 billion

17.50%

1.75%

15.00%

1.50%

50 billion - < 75 billion

20.00%

2.00%

17.50%

1.75%

> = 75 billion

22.50%

2.25%

20.00%

2.00%

*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.

Giro BISA iB

Mudharabah

Initial Deposit

Rp 2.000.000

Minimum balance on hold (amountheld by system)

Rp100.000

Maintaining minimum balance

≤ Rp 500.000

Account closure fee

Rp 50.000


Fees

 

Monthly administration fees

Free

Opening Check / BG Book (in the event that it fails to meet requirements/conditions)

Rp 125.000

Fee for maintaining below minimum balance

Rp 25.000

Printed Statement

  1. Current month up to 2 months (per page)
  1. Over 2 months (per page)



Rp 5.000
Rp 10.000




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 Rp. 2 billion and performs transactions in the current month, as follows:

 

Deposit slip

 

10 x

 

Transfer SKN

 

40 x

 

Transfer RTGS

 

10 x

 

Cheque book order

 

2 x

 

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:

Rp 0 – 50 million balance

=

50.000.000 x 0.5% x 30/365

=

20.548

Rp 50 – 500 million balance

=

450.000.000 x 1.5% x 30/365

=

554.795

Rp 500 million – 2 billion balance

=

1.500.000.000 x 2.0% x 30/365

=

2.465.753

Total Profit Share







3.041.096

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:

a) Transfer SKN

=

30 X Rp. 6.000

=

180.000

b) Transfer RTGS

=

10 X Rp. 25.000

=

280.000

c) Cheque Book Order

=

1 X Rp. 125.000

=

125.000

Total Refund




585.000


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 Rp. 3,041,096 + 585,000 = Rp. 3,626,096 which will be received/credited to the customer's account in the succeeding month.