Starting February 1, 2023, the book closing process at Bank MAS will be carried out daily to increase your convenience in making transactions using our banking products.
What are the details of the changes?
|
No
|
Services
|
Before Close Off Business
|
After Close Off Business
|
|---|---|---|---|
|
1 |
Loan Payment |
Done on D –1 day |
Done on the day according to the due date until 23.59 WIB |
|
2 |
Deposit Change/Extension |
Done on the next working day |
Done on the day according to the due date |
|
3 |
Interest Payment |
Done on the next working day |
Done on the day according the due date |
|
If Withdraw/Break Deposits |
< 7 Days before Daily COB |
> 7 Days after Daily COB | |
|
Current interest is not paid |
Current interest is paid at the MAS Savings interest | ||
|
4 |
Bookkeeping |
Account statements are recorded in the account on the next business day |
Account statements are recorded in the account on the same day (real-time) when the transaction is made |
There is no change for other transactions, such as SKN and RTGS.
What are some examples of changes?
OK, let's try to explain:
Example A:
The debtor's installment is due on Saturday/Sunday or on National Holidays. Before changes are made, the debtor must provide funds on Friday or H-1 before the National Holiday. Now, with the shift in Close Diary, the debtor can provide funds on the day according to the due date, be it Saturday/Sunday or on D-day during National Holidays until 23.59
Example B:
The Customer opened a Time Deposit on November 3, 2022, then the maturity date will be December 5, 2022, because December 3 and 4, 2022, are holidays (weekends).
With the change in the Closed Diary, the maturity date for deposits is December 3, following the opening date. This also applies to deposit extensions.
What about deposit interest payments? Previously, if the Customer made a break or disbursed a Deposit on December 5, 2022, then the current Interest during December 3 and 4 was not paid. So, on February 1, 2023, when the Diary Close is applied, interest will be received on December 3, 2022.
Example C:
For customers who make transactions through the Mobile Banking application (MAS Mobile) on holidays (Weekends), previous transactions will be recorded on the following working day.
When the Close Diary is set, Customer A's transactions will be recorded on the same day and time according to the transactions made.
If you have questions, where can I ask?
If you have further questions about closing the diary, please contact 1500011 or via email at care@bankmas.co.id
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