Foreign Currency Deposit Program Promo

Foreign Currency Deposit Program Promo
  1. DBS Foreign Currency Deposit Program ("Program") is a program organized by PT Bank DBS Indonesia ("Bank") which offers special interest rate for fix deposit placement with fresh funds made by Customers directly on DBS Bank Branch.
  2. Program Period : 01 - 15 Aug 2024.
  3. Program is valid for Treasures (TR) and Treasures Private Client (TPC) segment customers.
  4. Program scheme is as follow below:

    CCY

    Tiering Amount

    Additional Cash Reward (p.a)

    1M

    3M

    6M

    USD

    50,000 < 100,000

    3.50%

    3.75%

    4.00%

    USD

    		 ≥ 100,000

    3.75%

    4.25%

    4.75%

     

    CCY

    Tiering Amount

    Additional Cash Reward (p.a)

    1M

    3M

    6M

    SGD

    50,000 < 100,000

    2.25%

    2.50%

    2.75%

    SGD

    		 ≥ 100,000

    2.50%

    2.75%

    3.00%

    *Valid for interest rate paid at maturity

  5. The source of funds for Program participation comes from the Fresh Fund. Fresh Fund referred to the addition of new funds from outside the Bank (for example transfers from other banks or cash deposits to Bank Accounts), does not apply for overbooking between accounts at the Bank, does not comes from the initial balance that already existed in the Customer's account at the Bank before the fund placement period, does not include funds from Mutual Fund disbursements, and Bonds and also from prizes, cashback, cash reward, savings interest, deposit interest or other prizes given by the Bank.
  6. The Customer is responsible for tax related to the interest rate in accordance with applicable tax regulations and can contact the Customer's tax consultant if there are questions regarding the tax provisions applicable. The Customer will release the Bank from all claims that may arise in connection with tax issues against this matter. Upon the Customer's request through Relationship Manager (RM) or the Bank's branch office, the Bank may provide proof of related tax withholding for the benefit of the Customer in that tax year.
  7. If the fix deposit is break before maturity, a penalty fee will be charged in accordance with the terms stated on the fix deposit placement form.
  8. The Bank reserves the right at its discretion to amend, delete, or add to the terms and conditions of the Program with prior notice in accordance with applicable regulations.
  9. If during the Program period fraud is found intentionally or unintentionally, then at the Bank's discretion, the Bank has the right to disqualify the Customer from this Program.
  10. These Terms and Conditions have been adjusted to the provisions of laws and regulations including the provisions of Otoritas Jasa Keuangan (OJK) and the Lembaga Penjaminan Simpanan (LPS).
  11. PT Bank DBS Indonesia is licensed and supervised by Otoritas Jasa Keuangan (OJK), and Bank Indonesia (BI), also is a participant in Lembaga Penjamin Simpanan (LPS).