Foreign Currency Time Deposit (Deposito Valas) for Export Proceeds (DHE) is a special time deposit account for DHE Accounts that can only be withdrawn upon maturity.

Foreign Currency Time Deposit (Deposito Valas) has several benefits, as follows:

1. Intended for Depositors representing Business Entities/Legal Entities, whether Individual or Non-Individual.
2. The Depositor is free to choose the periods : 1 month, 3 months, 6 months and 12 months.
3. Automatic Roll Over (ARO)– automatic renewal of deposit account
4. Be able to be used as collateral.
5. The Depositor has the right to choose a Foreign Currency Time Deposit denominated in USD.

Requirements

1. The Depositor shall have a minimum deposit of $1000,-.
2. The opening of a Foreign Currency Time Deposit Account for Export Proceeds (DHE) can only be opened at Operational Head Office in Medan.
3. The opening account must be funded through an internal transfer from the Foreign Currency Current Account for Export Proceeds (DHE) and/or Rupiah Currency Current Account for Export Proceeds (DHE).
4. The Depositor shall present the original valid identification documents, as follows:

For Business Entities/Legal Entities/Individual PT:

• Owner's Electronic ID Card (E-KTP)
• Certificate of company establishment registration from the Indonesia Ministry of Law and Human Rights
• Declaration letter of individual establishment from the Indonesia Ministry of Law and Human Rights
• Company's Taxpayer Identification Number (NPWP)
• Business Registration Number (Nomor Izin Berusaha "NIB")
• Other required permits

For Non-Individual Business Entities/Legal Entities:

• Manager's Electronic ID Card (E-KTP)
• Company's Taxpayer Identification Number (NPWP)
• Company Establishment Deed (Akta Perusahaan)
• Business Registration Number (Nomor Induk Berusaha "NIB").
• Ministerial Decree (approval of the Company Establishment Deed/registration of CV in the Business Entity Administration System).
5. The Depositor shall complete an Account Opening Form and Personal Data Form.

Additional Info :

Product Risk :

• Any early withdrawal made before the maturity date will be subject to a 1% penalty of the principal amount, or no interest will be accured.
• Time Deposit Opening Cancellation Fee Rp100.000,- per bilyet.
• In case of loss of the bilyet deposito, the Depositor shall inform the authorities in order to close the deposit account at the Bank.

Overview of Product and Service Valas Time Deposit For Export Proceeds(DHE)Download Here

For more information call us MestikaCall 14083 or visit our nearest branch.