Sharia Planning Savings Account

General Description

Sharia Planning Savings Account Opening Service ("Service") is a feature provided by PT Bank Danamon Indonesia Tbk ("Danamon") that allows existing customers to open a Danamon account online through the Social Banking Application ("Application"). The Application, owned by Minasa, operates in exclusive collaboration with Danamon as a platform offering waqf solutions and other financial services that comply with Islamic law.
The account to be opened via this service is also referred to as “TPS” from its Indonesian language acronym (Tabungan Perencanaan Syariah), a planned savings account designed to help customers manage their financial planning for purposes such as Hajj, Umrah, Qurban, children's education, home down payments, and various other needs.

Benefits of Sharia Planning Savings Account

  • Convenient account opening—accessible anytime and anywhere.
  • Enables customers to plan their savings goals and target amounts based on their financial needs.
  • Offers flexible recurring savings options: daily, weekly, or monthly, selected at the time of account opening.

Key Features

  1. Customers can set recurring deposit amounts according to their needs:
    o Daily: Minimum recurring deposit of IDR 5,000
    o Weekly: Minimum recurring deposit of IDR 50,000
    o Monthly: Minimum recurring deposit of IDR 100,000
  2. No initial deposit is required to open a TPS Account, and there are no monthly administration fees.
  3. Funds cannot be withdrawn before the end of the savings period, except by closing the TPS Account at a Danamon branch.
  4. Once the TPS Account balance reaches the target or the savings period ends, the account will be automatically closed, and funds will be returned to the Customer’s Source Account within one (1) working day.

TPS Account Opening Process Flow

  1. Customers who already have a Customer Information File (CIF) and an active regular savings account with Danamon must fill in the required data via the Application. Customers should have their savings account number and registered mobile number on hand.
  2. Danamon will verify the data provided in the Application against the bank’s records.
  3. If the data matches, Danamon will send an OTP code (8-digit numeric combination) via SMS to the mobile number registered in the bank’s system.
  4. Customers must enter the OTP code in the Application within 10 minutes. If the code expires, they can request a new OTP by following the on-screen instructions.
  5. If the OTP is correct, the TPS Account will be automatically opened, and the customer will receive a notification via email with their TPS Account number.
  6. Upon successful account opening, scheduled automatic transfers from the Customer’s Source Account to the TPS Account will begin as per the selected frequency and amount. Customers will receive notifications about successful or failed transactions through the Application.
     

Fee

Costs and Benefits

Account

iB Sharia Planning Savings

Initial Deposit of Opening Savings Account

IDR 0

Monthly Administration Fee

IDR 0

Account Closing Fee

IDR 0

 

Profit Sharing Calculation Simulation 
Carried out by the system and credited to the TPS Account 

Profit Share Calculation

Profit sharing calculation formula:

Profit Sharing =

Average Account Balance

Average Balance of Products

 

x Revenue Allocation x Nisbah

 

 

So, the profit sharing is described as follows:

Average Sharia Planning Savings Balance: 200,000,000

Average balance of Sharia Planning Savings products: 50,000,000,000

Revenue allocation: 400,000,000

Ratio Percentage: 2.5%

Profit Share (Gross):

200,000,000

50,000,000,000

 

x 400,000,000 x 2.5% = 40,000/month

 

 

 

Note:

The above simulation is for illustrative purposes only.

 

Tips for Activation and Secure Transactions

  1. Download the App only from the Google Play Store or Apple App Store, ensuring the developer is PT Minasa Sharia Fintech.
  2. Use the same personal data as registered in the Danamon system.
  3. Passwords and OTPs are highly confidential! Never share them with anyone or store them in easily accessible locations. Danamon will never request confidential information via phone, email, or any other communication channel.
  4. Avoid creating passwords that are easy to guess, such as your date of birth.
  5. Always use your personal smartphone and email for transactions.
  6. Access Social Banking and Danamon apps or websites only from your personal device. Avoid using public Wi-Fi or other people's devices.
  7. Regularly update your operating system (OS), antivirus, and anti-malware software to protect your device.
  8. Be cautious of emails from unknown senders and avoid clicking on links from unverified sources.

Risks

  1. Malware: Malicious programs or software can infiltrate or damage computer systems, potentially stealing customer data. Ensure your OS, antivirus, and anti-malware software are always up to date.
  2. Fraud: Unauthorized transactions may occur if a third party gains access to your secret authentication codes. Keep your OTP, authentication codes, and personal data confidential and never share them with anyone.

 

24-Hour Customer Information & Complaint Service
Hello Danamon: 1-500-090
Email: hellodanamon@danamon.co.id