Bank of India Indonesia Tbk (BSWD)

Overview

PT Bank of India Indonesia Tbk, headquartered in Jakarta, Indonesia, has a primary focus on providing a wide range of commercial banking products and services. The bank serves customers across major Indonesian cities, including Jakarta, Surabaya, Bandung, Medan, Bali, and Makassar. Founded in 1968, originally as PT Bank Swadesi Tbk, the bank underwent a significant rebranding in December 2011 when it adopted its current name, PT Bank of India Indonesia Tbk. This name change signified a strategic transition, reflecting its affiliation with its parent company, Bank of India Limited. The bank is dedicated to offering comprehensive financial solutions tailored to meet the needs of individual and business clients.

Products and Services

PT Bank of India Indonesia Tbk provides a diverse portfolio of products and services designed to fulfill the financial needs of its customers:

• Personal and Business Current Accounts: These accounts are tailored to meet the daily banking needs of both individual customers and businesses, offering convenience and easy access to funds.
• Savings Accounts and Term Deposits: Designed for customers looking to save money over time, these products offer a variety of interest rates and terms to help maximize savings growth.
• Personal and Business Loans: The bank provides loans to individuals and businesses, supporting a range of purposes from personal needs to business expansion and working capital requirements.
• Investment and Working Capital Credit: These products are aimed at businesses looking to finance their operations or invest in growth opportunities.
• ATM and Debit Cards: Facilitating convenient access to funds, these cards allow customers to make cash withdrawals and payments both domestically and internationally.
• Remittance and Transfer Services: These services offer a secure and reliable way to send and receive money, both within Indonesia and abroad, including specialized services like same day INR remittances.
• Tuition Payment Services: A convenient solution for paying educational expenses, streamlining the payment process for students and their families.
• Safe Deposit Box Services: Providing a secure environment for the storage of valuable items and documents, ensuring peace of mind for customers.
• Trade and Finance Services: This includes a range of services such as letters of credit, documentary collection, trust receipt/post import financing, and bill negotiations line, catered to support businesses in their trading activities.
• SKBDN (a Payment Instrument for National Trade): A facility that ensures a secure payment to beneficiaries within national trade agreements, enhancing trust in business transactions.
• Mobile and Internet Banking: These digital banking platforms provide customers with the convenience of managing their finances anytime, anywhere, through secure online and mobile interfaces.
• ATM Services: The bank's extensive network of ATMs enables convenient access to banking services, including cash withdrawals, account inquiries, and other transactions.