Quote:
Originally Posted by nono1973
4. What happen is, i have been looking at fix deposit in Batam (Indonesia) bank's interest rate lately. And they were between 4.5% to 6% a year (some years, the interest rate would goes beyond 6%). So i am also considering putting the same amount of money that i would do so for buying an apartment into a fix deposit for rupiah, and using the interest to rent a house or an apartment.
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Are we allowed to put $$$ into fixed deposit with Bank in Indonesia if we are not Indonesian ?.
I did try before in Jakarta about 2 years ago. I was not allowed. Even Indonesian, they must have NPWP (Income Tax Number) if they need to put their $$$ into fixed deposit account.
I experience is myself that why I remember such rule/procedures.