Find out the complete requirements for opening a deposit at Bank BRI, starting from preparing your identity to the taxes you need to know before making an investment.
Deposits are banking products that are in high demand by those who want to get higher returns compared to regular savings. Bank Rakyat Indonesia (BRI) offers deposit services that allow its customers to save with more profitable interest. However, before opening a deposit account, there are several requirements that must be met by prospective customers so that the process runs smoothly. This article will discuss the complete requirements that you need to know to open a deposit account at BRI.
1. Have a savings account at BRI
The first requirement that must be met to open a deposit at BRI is to have a savings or checking account at the bank. This is a basic provision because deposits at BRI can only be opened by customers who are already registered and have an active account at this bank. You can open a savings account first at the nearest branch office or use the online facilities available if you are already registered as a BRI customer.
This savings account will be used as a place to store funds to be deposited. If you already have a savings account at BRI, then opening a deposit will be a faster and easier process.
2. Prepare your identity
Identity is one of the most important requirements to open a deposit at BRI. As an Indonesian citizen (WNI), the required documents are an Identity Card (KTP), Driving License (SIM), or Passport. If you have a Taxpayer Identification Number (NPWP), it is better to include it, although this is not required by all customers. Providing NPWP can be beneficial when applying for financial products such as a BCA Deposit, ensuring smoother transactions and potential tax benefits.
For Foreign Citizens (WNA), the document requirements that need to be prepared are a valid passport, plus a Temporary Residence Permit Card (KIMS) or Temporary Stay Permit Card (KITAS). Make sure that all identity documents you have are still valid when opening a deposit account at BRI.
3. Paying Taxes
Tax is one aspect that cannot be avoided in the world of investment. When opening a deposit at BRI, you will get a return in the form of interest from the deposit you have invested. This deposit interest will be taxed according to applicable provisions. Usually, this tax will be deducted directly by the bank when the interest is received by the customer.
As a customer, you do not need to bother taking care of these taxes separately because the taxes have been deducted by the bank. However, make sure you understand the amount of tax imposed on the interest received, according to the regulations in force in Indonesia. If you need more information about this tax, you can ask the bank officer directly when opening a deposit.
4. Fulfill the Initial Deposit
BRI has provisions regarding the initial deposit to open a deposit account. The initial deposit required varies, depending on how you open the deposit. If you open a deposit directly at a BRI branch office, the initial deposit you must pay is Rp10,000,000.
However, if you open a deposit via BRI internet banking, the initial deposit can be lower, starting from IDR 5,000,000. However, if you want to make a larger deposit, BRI also provides a maximum deposit option of up to IDR 100,000,000 via internet banking. This allows customers to choose a deposit according to their abilities and needs.
5. Pay stamp duty
Stamp duty is a fee charged when you open a deposit account at BRI and when withdrawing the deposit. This stamp duty applies to every transaction made related to the deposit, be it opening an account or withdrawing funds. The amount of stamp duty charged follows the provisions in force based on Indonesian government regulations.
Although the stamp duty seems small, it is important to fulfill it because it is part of the legality of the transaction being carried out. Usually, this stamp duty will be informed by BRI bank officers during the deposit account opening process and when the funds are disbursed later.
Benefits of Placing Funds in BRI Deposits
After knowing the requirements that need to be met, you also need to understand some of the benefits that are obtained when choosing a deposit at BRI. Here are some of the benefits that you can enjoy:
1. Competitive Interest Rates
BRI offers competitive deposit interest rates compared to regular savings. BRI provides different interest rates according to the deposit tenor you choose, allowing customers to get higher returns.
2. Flexible Tenor Options
BRI deposits offer a variety of flexible tenor options, ranging from 1 month to 12 months. This makes it easier for customers to choose a term that suits their financial plan.
3. Safe Funds with LPS
The funds you invest in BRI deposits are protected by the Deposit Insurance Corporation (LPS). LPS guarantees customer funds up to a certain amount, providing a sense of security for those of you who want to place funds in deposits without worry.
4. Easy Opening Process
The process of opening a deposit account at BRI is quite easy and can be done either at a branch office or through BRI internet banking. This provides convenience for customers who want to open a deposit without having to go to the bank in person.
5. Higher Interest Received
With BRI deposits, you will receive higher interest than that offered by regular savings accounts. This is the right choice for those of you who want to save money in a more profitable way.
Opening a deposit account at BRI is the right choice for those of you who want to manage funds more safely and profitably. With easy-to-fulfill requirements, such as having a savings account at BRI, preparing your identity, paying taxes, and meeting the initial deposit and stamp duty, you can enjoy the various benefits offered by BRI deposits. Make sure you understand all these requirements and prepare the necessary documents before opening a deposit account at BRI. With BRI Deposits, you can maximize your funds in a safe and profitable way.
