Appointed As Bank RDN, Sinarmas Commits To Increase The Number Of Capital Market Investors

Photo: Doc. Antara

PT Bank Sinarmas Tbk is committed to increasing the number of investors in the capital market industry and at the same time adding a portfolio of the financial industry, after its appointment as Bank Administrator RDN and Payment Bank by PT Kustodian Sentral Efek Indonesia (KSEI).

Bank Sinarmas also assessed that the business trend of the Customer Fund Account Administrator (RDN) will still grow positively, in line with the increasing public awareness of the importance of investing in investment instruments.

"This good collaboration between KSEI and Bank Sinarmas is expected to realize a common vision to build a more advanced and competitive Indonesian capital market," said Bank Sinarmas President Director Frenky Tirtowijoyo in a statement in Jakarta, quoted from Antara, Wednesday, July 24.

On Friday 19 July, KSEI determined and signed a cooperation agreement with 23 RDN Administrator Banks and Payment Banks for the 2024-2029 period, one of which included Bank Sinarmas.

The collaboration between KSEI and Bank Sinarmas is an extension from the previous period as an effort to increase the ease of investor access to invest in the capital market.

Previously, Bank Sinarmas had obtained approval from OJK as Bank Administrator of RDN which was set on November 30, 2015.

As an RDN Administrator Bank, Bank Sinarmas will administer RDN owned by customers from securities companies by providing interest rates of up to 1 percent pa (per person) and free RDN administration fees to support novice customers with affordable balances.

Bank Sinarmas, as Bank Administrator of RDN and Payment Banks, also provides intraday facilities and other special services to Stock Companies related to the completion of securities transactions to KSEI.

The RDN Bank Sinarmas services can already be used by customers of securities companies in collaboration with Bank Sinarmas including Sinarmas Sekuritas, Phintraco Sekuritas, Mirae Sekuritas, MNC Sekuritas, Philip Sekuritas, Aldiracita Sekuritas, Profindo Sekuritas, Amantara Sekuritas, and others.

Armed with a simple and real-time service advantage, the company believes that Bank Sinarmas' RDN services can contribute to the growth of the number of capital market investors currently dominated by the millennial generation.

Investors, noted Bank Sinarmas, can experience a new experience in investing in stocks by opening an easy, fast, and unconditional RDN service for minimum balance so that everyone can directly invest in shares with any capital.