BNI deposits offer various benefits such as competitive interest rates, currency options, and flexible terms, making them the right choice for safe and profitable investments.
Deposits are one of the banking products that offer investment solutions with a high level of security. For those of you who are looking for a way to grow funds safely without being exposed to high market risks, deposits can be the right choice.
Bank Negara Indonesia (BNI), one of the largest banks in Indonesia, offers deposit products that not only provide competitive interest rates, but also various attractive features that make it easier for customers.
This article will discuss more about BNI Deposits, starting from how to open an account, the requirements, to the benefits you can get.
What is BNI Deposit?
BNI Deposit is a savings product with a higher interest rate than regular savings. Deposits offer a certain period of time for customers to save funds, with the provision that the money deposited cannot be withdrawn before maturity.
BNI offers deposits in a variety of time periods, ranging from one month to twenty-four months, and customers can choose the currency according to their needs.
As a safe investment product, BNI deposits provide certainty to customers because the interest offered is fixed throughout the deposit period.
In addition, BNI deposits are also guaranteed by the Deposit Insurance Corporation (LPS), providing a sense of security for customers because the funds deposited will be protected up to a certain amount.
Benefits of Opening a Deposit at BNI
BNI Deposit offers a number of very profitable benefits for its customers. Some of the main advantages of opening a deposit at BNI include:
1. Competitive Interest Rates
BNI offers competitive and attractive deposit interest rates for customers. BNI deposit interest rates vary depending on the term and type of currency selected, which can provide optimal investment results.
2. Can be used as collateral for loans
Another advantage is that BNI deposits can be used as collateral when you apply for a loan at the bank. This provides flexibility for customers who need additional funds outside of their existing balance.
3. LPS Guarantee
The funds you save in BNI deposits will be guaranteed by LPS (Deposit Insurance Corporation) in accordance with applicable provisions. This provides a sense of security because your savings will be protected.
4. Wide Range of Currency Options
BNI offers deposits in various foreign currencies such as US Dollar (USD), Euro (EUR), British Pound (GBP), Australian Dollar (AUD), and several other currencies. This provides convenience for customers who want to invest in foreign currencies.
5. Automatic Renewal (ARO)
BNI provides an automatic extension system for deposits through the Automatic Roll Over (ARO) feature, which allows customers to automatically extend deposits after maturity without having to visit the bank.
6. Flexible Term Options
BNI provides flexible deposit term options ranging from 1 month to 24 months, providing convenience for customers who want to adjust their savings period to their financial needs.
How and Requirements to Open a BNI Deposit
To open a BNI deposit, there are several requirements that must be met by prospective customers. Here are the ways and steps that must be followed:
1. Fill out the Account Opening Form
The first step is to fill out a deposit account opening form that can be taken through BNI customer service or through the call center. This form usually contains personal data needed to open a deposit account.
2. Prepare your identity
Prospective customers must submit photocopies and show identification such as KTP for Indonesian Citizens (WNI) or passport, KITAP (Permanent Residence Permit Card), KITAS (Temporary Residence Permit Card), and KIMS (Temporary Residence Permit Card) for Foreign Citizens (WNA).
3. Prepare Initial Deposit
Customers are required to prepare an initial deposit in accordance with BNI provisions. This initial deposit varies depending on the type of currency chosen, as explained further below.
4. Verification and Account Opening
After all documents are submitted, the bank will verify and then open your deposit account. Customers will receive proof of deposit ownership and can enjoy the various benefits offered.
Minimum Amount of BNI Deposit
Each currency type has different initial deposit requirements. Here is the minimum amount that must be deposited to open a BNI deposit, depending on the type of currency chosen:
- Rupiah (IDR): Starting from IDR 5,000,000
- United States Dollar (USD): Starting from USD 1,000
- Japanese Yen (JPY): Starting from JPY 150,000
- Singapore Dollar (SGD): Starting from SGD 2,000
- Hong Kong Dollar (HKD): Starting from HKD 8,000
- Euro (EUR): Starting from EUR 1,000
- British Pound (GBP): Starting from GBP 1,500
- Australian Dollar (AUD): Starting from AUD 2,000
This initial deposit must be fulfilled when opening a deposit account, and no withdrawals can be made before maturity according to bank regulations.
BNI Deposit Interest Rates
The interest rates offered by BNI are very competitive and vary depending on the type of currency and deposit term. Here are the details of interest rates for BNI deposits in Rupiah (IDR):
- 1 month: 2.25%
- 3 months: 2.50%
- 6 months: 2.75%
- 12 and 24 months: 3.00%
Interest rates for deposits in foreign currencies, such as US Dollars (USD), are generally lower, ranging from 0.75% to 1.75%, depending on the term and currency chosen.
Interest rates for deposits in foreign currencies are subject to change according to prevailing market conditions.
Benefits of BNI Deposits
1. Security
BNI deposits provide a high level of security because the money you save will be guaranteed by LPS, so customers do not need to worry about the security of the funds they invest.
2. Investment with Guaranteed Profit
BNI deposit interest rates remain fixed for a certain period, providing certainty of profit for customers without being affected by market fluctuations.
3. Portfolio Diversification
With a choice of various foreign currencies, BNI deposits allow customers to diversify their investments, especially for those interested in foreign exchange rates.
4. Ease of Extension
The automatic renewal (ARO) feature makes it easy for customers to extend their deposits without having to bother visiting the bank again.
BNI Deposits are an excellent choice for those of you who want to invest with a high level of security and competitive interest rates.
With a variety of currency options, flexible terms, and other benefits such as automatic extension and guarantees from LPS, Mandiri Deposit can be the right choice to grow funds in a safe and profitable way.
Make sure you understand the terms and conditions that apply before opening a deposit and adjust it to your financial goals.
