��������Ƶ

A Deposit Agreement creates a legal relationship between someone placing funds or assets with a bank or financial institution in Indonesia and that institution. It spells out how the deposit works - including interest rates, terms, and when you can withdraw your money.

Under Indonesian banking regulations, these agreements protect both parties by clearly stating their rights and obligations. The document covers important details like minimum deposit amounts, penalties for early withdrawal, automatic renewal terms, and what happens if the account holder passes away. Banks must provide this agreement in Bahasa Indonesia, though some also offer English versions.

Use a Deposit Agreement when placing significant funds with an Indonesian bank or financial institution - especially for time deposits, business accounts, or investment products. This protects both parties by clearly documenting the terms before any money changes hands.

The agreement becomes essential for fixed deposits lasting several months or years, accounts with special features like automatic rollovers, or when dealing with large sums that exceed standard deposit insurance limits. Indonesian regulations require these agreements for corporate accounts, joint accounts, and any deposit product with specific withdrawal restrictions or performance guarantees.

• Escrow Deposit Agreement: Used for third-party held funds during complex transactions, common in property deals
• Deposit Rental Agreement: Specifically for security deposits in rental properties, protecting both landlord and tenant
• Authorization Agreement For Automatic Deposits: Sets up recurring electronic deposits, often used for payroll or business transactions
• Refundable Deposit Agreement: Details conditions for deposit return, popular in service contracts and rentals

• Banks and Financial Institutions: Create and maintain Deposit Agreements as part of their core services, ensuring compliance with OJK regulations
• Individual Depositors: Sign these agreements when opening savings accounts, time deposits, or special investment products
• Corporate Treasurers: Manage company funds through structured deposit arrangements with multiple banking partners
• Legal Teams: Review and customize agreement terms to protect their organization's interests
• Financial Advisors: Guide clients through deposit terms and help select appropriate products

• Party Details: Gather complete legal names, addresses, and registration numbers of all depositors and the financial institution
• Deposit Terms: Define amount, duration, interest rates, and any special conditions for withdrawal or renewal
• Account Information: Collect account numbers, branch details, and designated signatories
• Documentation: Prepare identity cards (KTP), tax numbers (NPWP), and business licenses for corporate accounts
• Compliance Check: Review OJK regulations and bank-specific requirements for the deposit type
• Agreement Draft: Use our platform to generate a legally-sound document that includes all mandatory elements

• Party Identification: Full legal names, addresses, and registration details in Bahasa Indonesia
• Deposit Details: Specific amount, currency, interest rate, and term length
• Withdrawal Terms: Clear conditions for accessing funds, including notice periods and penalties
• Interest Calculation: Method and frequency of interest payments, tax implications
• Rights and Obligations: Both parties' responsibilities under OJK regulations
• Termination Clauses: Conditions for early closure or agreement breach
• Governing Law: Reference to Indonesian banking laws and dispute resolution methods
• Force Majeure: Provisions for unexpected events affecting the agreement

A Deposit Agreement differs significantly from an Account Agreement in several key ways, though both deal with banking relationships. Let's explore the main distinctions to help you choose the right document for your needs.

• Purpose and Scope: Deposit Agreements focus specifically on fund placement terms and returns, while Account Agreements cover broader banking services including transactions, fees, and account management
• Duration: Deposit Agreements typically have fixed terms with specific maturity dates, whereas Account Agreements remain active until explicitly terminated
• Interest Structure: Deposit Agreements guarantee specific interest rates and payment schedules, while Account Agreements may include variable rates based on account type and balance
• Withdrawal Rules: Deposit Agreements often restrict access to funds with penalties for early withdrawal; Account Agreements usually allow flexible access to funds
• Regulatory Requirements: Under Indonesian banking law, Deposit Agreements must meet stricter documentation requirements for interest-bearing products