BNI deposits offer competitive interest rates, various currencies, and time flexibility, making it an ideal choice for those of you who want to invest safely and profitably.
Deposits are a form of safe investment and are often the choice for those who want to save money with profitable results but still with minimal risk.
One of the most popular deposit options in Indonesia is offered by Bank Negara Indonesia (BNI). With various benefits and attractive features, BNI deposits offer you the opportunity to grow your funds in a safe and flexible way.
This article will review BNI deposits in depth, starting from the benefits offered, how to open an account, the requirements that need to be met, to the benefits you can get.
What is BNI Deposit?
BNI Deposit is a savings product that has a higher interest rate compared to regular savings. Unlike regular savings, BNI Deposits require customers to save funds for a certain period of time, with the provision that the funds cannot be withdrawn before maturity.
Funds stored in deposits will receive a predetermined interest rate, providing a sense of security because you know exactly how much profit will be obtained at the end of the period.
BNI deposits are available in a variety of time periods, ranging from one month to twenty-four months, providing flexibility for customers to choose according to their financial needs.
In addition, BNI deposits also offer a variety of currency options, both in Rupiah and in several foreign currencies, such as US Dollar (USD), Euro (EUR), British Pound (GBP), and others.
Benefits of Opening a BNI Deposit
Choosing to open a deposit at BNI brings many benefits to its customers. Here are some of the main benefits you can enjoy:
1. Competitive Interest Rates
BNI deposits offer competitive interest rates compared to regular savings. This interest rate remains fixed for a certain period of time, so you can plan your finances more carefully. The longer your deposit period, the higher the interest rate you will get.
2. Can be used as loan collateral
Another big advantage is that BNI deposits can be used as collateral when you apply for a loan at the bank. This gives you more flexibility if you need additional funds without having to liquidate your deposit.
3. LPS (Deposit Insurance Agency)
The funds you save in BNI deposits are guaranteed by LPS up to a certain limit. This provides protection for customers against the risk of bank bankruptcy, so you can sleep soundly knowing your money is safe.
4. Flexible Currency Options
BNI provides a variety of foreign currency options for deposits, such as US Dollar (USD), Euro (EUR), British Pound (GBP), and Australian Dollar (AUD).
This provides benefits for those of you who want to save or invest in foreign currencies, or for those of you who have plans to do business abroad.
5. Auto Renewal Feature
BNI offers an automatic renewal (ARO) feature, which allows your deposit to be automatically renewed without the hassle of visiting the bank when it matures. This feature makes it easy for you to continue enjoying deposit interest rates without any interruption.
6. Flexibility in Term Choices
BNI offers a variety of deposit term options, ranging from 1 month to 24 months. You can choose the term that best suits your financial needs, both for short-term and long-term goals.
How and Requirements to Open a BNI Deposit
Opening a BNI deposit is quite easy and only requires a few steps. Here are the ways and requirements that need to be met to open a deposit at BNI:
1. Fill out the Account Opening Form
The first step is to fill out a deposit account opening form. This form can be obtained directly at a BNI branch or through the call center service. The form contains the personal information needed to open an account.
2. Prepare Documents
Your Identity You must include a photocopy of a valid identity card. For Indonesian citizens (WNI), it is sufficient to use an ID card, while for foreign citizens (WNA) they can use a passport or other identity documents in accordance with bank regulations.
3. Prepare Initial Deposit
After filling out the form and completing your identity documents, you will need to prepare an initial deposit. The initial deposit amount varies depending on the currency and type of deposit selected, as will be explained further in the following sections.
4. Verification and Account Opening
Once all the requirements are complete, the bank will verify the data and open your deposit account. You will receive proof of deposit ownership and can immediately enjoy the benefits offered.
Minimum Amount of BNI Deposit
BNI Deposits have different minimum deposit requirements depending on the currency selected. Here are the minimum deposit amounts for various currencies:
- 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 paid at the time of opening a deposit account. In addition, the deposit cannot be withdrawn before the deposit period ends.
BNI Deposit Interest Rates
BNI deposit interest rates vary depending on the type of currency and duration of the deposit. Here are BNI deposit interest rates for Rupiah (IDR):
- 1 month: 2.25%
- 3 months: 2.50%
- 6 months: 2.75%
- 12 and 24 months: 3.00%
Interest rates on deposits in foreign currencies such as US Dollars (USD) are usually slightly lower, ranging from 0.75% to 1.75% depending on the term and currency chosen.
Advantages and Benefits of BNI Deposits
Guaranteed Security Your funds stored in BNI deposits are guaranteed by LPS, providing maximum protection from the risk of bank bankruptcy.
- Fixed Rate of Return: With a deposit, you will get a predetermined interest rate. This gives you a more certain return compared to other investments that are more dependent on the market.
- Ease of Extension: With the Automatic Roll Over (ARO) feature, you don’t need to worry about extending your deposit because it will be done automatically.
- Diversification: BNI Investment allows you to invest in various foreign currencies, which helps diversify your investment portfolio.
BNI Deposits offer a variety of benefits that make them an attractive option for anyone looking to invest in a safe and profitable way.
With competitive interest rates, flexible currency options, and LPS guarantees, Mandiri Deposit is a suitable investment option for a variety of financial needs.
Make sure you understand all applicable terms and conditions before opening a deposit and adjust the term and deposit amount to your financial plan.
