Mandiri Tabungan Rencana
(Mandiri Plan Saving)
Preparing the best future
Savings with compulsory monthly deposit which gives you extra Insurance protection.
Available in Rupiah and US Dollar.
- The account holder must be at least 18 years of age and the maximum is 70 years of age when the Mandiri Tabungan Rencana is due.
- Own a Mandiri Tabungan or Mandiri Giro account.
- Completed the Mandiri Tabungan Rencana application form and Health Statement Form.
- Free to decide and change the monthly deposit starting from Rp 100.000 or USD 10,-per month.
- You can deposit more into your Mandiri Tabungan Rencana outside of your monthly deposit
- Flexible term (1 year 20 years)
- Free Insurance protection (Bank Mandiri is in cooperation with PT Asuransi Jiwa Manulife to give insurance protection for account holders up to Rp 5 million or USD 500,- per month for each account holder)
- Free consultation with our professional Customer Service
- MTR Interest Rate is higher than the highest Mandiri Tabungan interest rate
What is the difference between Mandiri Tabungan Rencana with a regular savings account?
With Mandiri Tabungan Rencana, you get free insurance protection (insurance premium is paid by Bank Mandiri), plus a relatively higher interest rate. Mandiri Tabungan Rencana is designed to fulfill your future plans, without barriers.
What kind of insurance protection will I get?
If Total Permanent Disability or death occurs, the insurance will continue your routine monthly deposit (maximum Rp 5.000.000,- or USD 500,- per month for each account holder). So at the end of your desired term, you will still receive your savings account yield including the interest, or you can receive the remaining routine monthly deposit up front after calculating the Net Present Value (NPV) with the discount interest rate in effect. As an illustration, you as an account holder ( Mandiri Tabungan / Mandiri Giro Rupiah account) open a Mandiri Tabungan Rencana for your 2 children, with 1 million rupiah each with routine monthly deposit for 10 years. If during year-5 something happens to you, the insurance will automatically continue your routine monthly deposit until the end of your term (year-10). So your children will still receive the yield at year-10, where each will receive Rp 144.239.173,- (with the assumption of 4,5% p.a interest rate, and before tax deduction).
How can I get this insurance protection and when will I get this insurance protection?
It is very easy, you only need to fill in the statement form that we provide when you apply, without having to do medical check-up. Immediately after you are registered as a Mandiri Tabungan Rencana customer, you will automatically receive insurance protection.
What are the requirements to open a Mandiri Tabungan Rencana?
Very easy, you only need to:
- Own a source savings account (Mandiri Tabungan or Mandiri Giro).
- Be at least 18 years of age or maximum 70 years of age when your Mandiri Tabungan Rencana is due.
- Fill in the application form including health form and letter of authority for automatic debit, without having to do medical check-up.
How can I deposit into my Mandiri Tabungan Rencana account?
You must own a Mandiri Tabungan or Mandiri Giro account and the monthly deposit will be done automatically from your Mandiri Tabungan or Mandiri Giro account, so the account holder only needs to maintain the balance until the date that has been determined for the automatic transfer onto your Mandiri Tabungan Rencana account routinely each month.
What happens if I dont pay my routine monthly deposit?
If you dont pay your routine monthly deposit for 3 times, the system will automatically close your Mandiri Tabungan Rencana account.
Can I add or deduct my routine monthly deposit?
You are free to change the amount of your routine monthly deposit. For example, your routine monthly deposit is Rp 200.000,- but at anytime you are free to change it into Rp 400.000,-/per month, or later on deduct it into Rp 300.000,-. If Permanent Total Disability or death occurs, the total sum assured that will be paid by the insurance is on average the last 6 months deposit before claim.
As an entrepreneur, can I open Mandiri Tabungan Rencana account for my employees?
You can open Mandiri Tabungan Rencana with each employee having an account name. In this case, you must provide a Mandiri Giro or Mandiri Tabungan account that functions as a source account to provide monthly routine deposit for each Mandiri Tabungan Rencana owned by each employee. In addition, each employee must also own a Mandiri Tabungan account the serves as a receiving account for when the Mandiri Tabungan Rencana is due. So, on the due date, the yield amount collected on the Mandiri Tabungan Rencana account will be transferred to the Mandiri Tabungan account own by each employee, not onto the company/your account.
*) Terms and conditions apply.