Bank Of India Indonesia BSWD



The existence of PT Bank of India Indonesia, Tbk formerly known as Bank Pasar Swadesi was established in 1968 in Surabaya. In 1984, the Bank's ownership was taken over by Chugani Family who grow and develop the bank, and on September 2, 1989, Bank Pasar Swadesi improve their status and formally became Commercial Bank operates under the name of Bank Swadesi.

In 1990, Bank Swadesi merger (merger) with PT Bank Perkreditan Rakyat Panti Daya Ekonomi which based in Surakarta to enable the Bank to open a branch office in Jakarta. In 1992 Bank Swadesi obtained permission from Bank Indonesia to operate as a money charger.

The process of growing and developing is continuesly on going under the new ownership and management and on 11 November 1994 Bank Swadesi obtained upgraded status issued by Bank Indonesia and officially operated as Foreign Exchange Bank. By having of foreign exchange status it strengthening the Bank Swadesi position as an institution of trust that provides more diverse banking services based on customer needs.

In the efforts to develop business as well as to get closer to the business centers nationwide, in 1995 the head office was relocated from Surabaya to Jakarta. Consistency on the commitment to continue to develop and to provide the best based on the prudential principle, has yet proven the success of Bank Swadesi in overcoming the hard times amid the multidimensional crisis that hit Indonesia. Based on the results of due diligence carried out by the independent parties, Swadesi Bank is categorized in Bank 'A' group.

As a strategic step to anticipate the future as development, specifieclly in the capital, in 2002 Bank Swadesi listed its shares on the Jakarta Stock Exchange and listed as the 22th banking institutions that become 'go public'. In line with the program of activities of the Indonesian Banking Architecture (API), Bank Swadesi have met the criteria as a Focus Bank with a capital of at least Rp 100 billion and with the available sufficient capital condition, if will provide Bank Swadesi with a competitive advantage by utilizing all available opportunities.

In order to achieve the vision, mission and at the same time strengthening its position in banking industry nationwide, Bank Swadesi deems it necessary to establish a strategic alliance by inviting sound investors. That effort is implemented by signing of the acquisition deed between the majority shareholder of Bank Swadesi with Bank Of India in line with the acquisition of shares ammouning of 235.6 million shares, which representing 76% of the total shares of Bank Swadesi on 22 June 2007. Henceforth, Bank of India has officially become the majority shareholder and become controlling shareholder of Bank Swadesi. With this acquisition, in 2011 the Bank Swadesi changed the name to PT. Bank of India Indonesia, Tbk.

With the support of Bank of India, PT Bank of India Indonesia, Tbk in the future it expected to continue to build a solid foundation for achieving the best performance with continued growth through the transfer of knowledge and technology, stafting and raise capital whenever needed. Bank of India, as a bank which has over 100 years of age and has 25 branches abroad covering: USA, United Kingdom, Channel Islands, France, Kenya, Singapore, Indonesia, Hong Kong, West Indies, Japan, China. Vietnam, South Africa, and 2,718 branch offices throughout India, giving confidence to PT Bank of India Indonesia, Tbk to grow and develop as well as for actualize its role in nationwide and global banking.

Until end of September 30th 2016, the Bank’s network have operational office consisting of 1 head office, 7 branch office, 6 subbranches and 2 cashier office, spread across the area of Jakarta, Surabaya, Bandung, Medan, Bali, dan Makassar. With guided by the new vision and mission, commitment to provide the best and the implementation of prudencial principles, PT Bank of India Indonesia, Tbk is determined to provide the best services for the community and economic development of Indonesia. Bank Of India Indonesia BSWD


Vision

To be a sound and progressive Bank with International Standarts and meet the domestic and foreign banking requirements of our costumer

Mission

To provide customer services on the principles of Prudential Banking and Good Corporate Governance to enhance value to our Stakeholder

Corporate Values

Service to Customers, Unity and Creativity, Human Resources as a Key Asset, Dedication and Work Ethics, Efficient and Effective, Professionalism, Developing Corporate Image Bank Of India Indonesia BSWD

PT BANK OF INDIA INDONESIA Tbk
JL. H. SAMANHUDI NO. 37
JAKARTA 10710, INDONESIA
Telp : (021) 3500007 (hunting)
Fax : (021) 3808178
E-mail : Corporate
SWIFT BIC : BKIDIDJA

Bank Of India Indonesia BSWD


Services – Deposits/Funding  :

We offer various funding products, such as:
  1. Deposits in IDR and foreign currency (USD):
    • Individual Current Account (IDR and USD)
    • Corporate Current Account (IDR and USD)
    • Swadesi Savings (IDR)
    • Si Boss Savings (IDR)
    • Suka-suka Savings (IDR)
    • Tabunganku Savings (IDR)
    • Star Dollar Savings (USD)

  2. Time deposits with competitive interest rates (IDR and US$)

  3. Deposits with guarantee from Deposit Guarantor

Services - Remmittance

Bank of India Indonesia is now the best option for sending Rupee transfers to India by telegraphic transfer (TT). It is more profitable to send Rupee transfers than Dollar transfer to India for following reasons:
  1. Bank of India Indonesia, Jakarta offers the best rate for converting Dollars into Rupees for the purpose of TT as compared to other foreign banks in Jakarta, and better than one gets in India by sending Dollar transfers.
  2. Rupee transfers are made at a of USD 10/- for TT to other bank beside BOI & USD 5 for TT to BOI
  3. Bank of India as parent company of Bank of India Indonesia has branches all over India for sending TT so that no extra expenses would be incurred by the beneficiaries.
        Dollar transfers, whether by TT, would invariable be routed through US, thereby facing deductions on account of US/Indian Banks charges. Followings are the bank charges for issue of TT in Dollars:
  1. For the beneficiaries to get full amount:        $30/-BOII-10,US bank-15, India Bank-5)
  2. For beneficiaries to get deducted amounts:    $10/-(BOII-10)(On account of US/Indian bank charges = $20/-)
  3. Services - Remittance (Outward) Indian Rupee (INR), USD, & Other Currencies (SGD, HKD, JPY, EUR, GBP)
I.  Telegraphic Transfer (TT)
     Remittance fee            : USD 10

II. Transfer to any beneficiary maintaining account with Bank of India (BOI).
    a. BOI CBS Branches (16 digit account number)Real time online instant transfer.
    b. Non-CBS Branches By courier to any branches of BOI anywhere in India to be sent from Mumbai.

III. Any branches of any bank by RTGS (Real Time Gross Settlement)
     a. by RTGS if the amount is Rs. 1 lakh & above, charges Rs. 50/transaction from the beneficiary account.
      b.  by NEFT (National Electronic Fund Transfer) for any amount with the following charges:
  • < Rs. 10.000          = Rs. 10/transaction
  • Rs. 10.000-50.000 = Rs. 25/transaction
  • > Rs. 50.000          = Rs. 50/transaction
V.  Amandment/Inquiry Fee    : USD 10
VI. Cancellation        : TT/DD, Buy-Sell Rate

       4. Services - Remittance (Inward) Indian Rupee (INR), USD, & Other Currencies (SGD, HKD, JPY, Euro)

Credited to Bank of India Indonesia's account, in currency
  • Rupiah : free
  • Same curency (for Valas): Buy TT, min USD 5
  • Different ccy (for Valas): Buy TT - Sell TT
For instant remmittance of Indian Rupees to any beneficiary in any branch of any bank at best exchange rate and cheap charges, please contact : Remittance Division at : 021-3500007 (Ext-207/208/224) Bank Of India Indonesia BSWD


Services – Credit and Forex  :

Credit:

  • Overdraft Facility
  • Installment Credit
  • House Ownership Credit
  • Vehicle Credit
  • Investment/Working Capital Credit
  • Consumption Credit
  • Demand/Fixed Loan
  • Letter of Credit (L/C)
  • Bank Guarantee
  • Credit Line for Forex Cover
  • Corporate Credit 
  • SME Credit
  • Export / Import Financing (Domestic and Foreign)
Foreign Currency Transactions:
  • Money Market Transactions
  • Swaps / Forward Transaction
  • Bank Draft / Remittance
  • Buying and selling of foreign currencies Bank Of India Indonesia BSWD

Personal Banking

Bank of India Indonesia gives a very interesting offer in personal banking service, both in funding and lending products. With ATM network that is more than 10.000 machines through ATM Bersama network that is spread out all over Indonesia and SMS Banking service, customers are given comfort in doing their transactions through a wide network. With the support of staffs who are professional and considerate towards the customer’s needs, it will be very effective and efficient in giving financlai solutions needed by customers. Bank Of India Indonesia BSWD


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Bank Of India Indonesia BSWD





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