Quote:
Originally Posted by cleyeo
Are we allowed to put $$$ into fixed deposit with Bank in Indonesia if we are not Indonesian ?
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I highly doubt anyone could. Its like terms and conditions in Singapore on Fix deposit account, one of the criteria would be, "Must be Singaporean over 21 of age". Kind of sure same/similar regulation applies for Indonesia too.
Then again, there are always way/s to work around that, legally.
Quote:
Originally Posted by Happyman007
as the interest tax will be auto deducted by the bank.......
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i read the government tax is something like 20%...
Is that true?
Quote:
Originally Posted by ndnd
Need to have Indonesia long term pass then can get a bank account. Most bank required NPWP, except BRI bank.
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This is good information, something i didnt really know.
Thank you.
Quote:
Originally Posted by DDAMn
If i have a UOB singapore acc is it possible if i open a UOB indonesia bank acc?
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I doubt so. Not sure about UOB but i think one can open an investment account in Singapore to trade foreign currency or invest in that country's currency if there is a promotion deal going on in that particular bank.
Interest rate may not be as high as in those Indonesian investing in Indonesia banks but well, definitely higher than the 2.22% on Singapore dollar.
https://www.sbf-sg.social/showpost.php?p=19...ostcount=14565
However, a very important note is that investing in Singapore in Singapore dollar were covered under some sort of assurance up to the principle sum of S$75k and that applies to Indonesia on Indonesia bank up to 2 billion rupiah (if i did not remember wrong) with some T&C. BUT, they are not covered for foreign currency, eg. Investing rupiah in Singapore bank and/or Singapore dollar on Indonesia Bank.
i have other plans tho,if my choice were to invest in Rupiah on Singapore bank and/or be investing Rupiah in Indonesia bank.