Bank Sinarmas Again Appointed as RDN Administrator Bank and Payment Bank

A Cooperation Agreement was signed between Bank Sinarmas and PT Kustodian Sentral Efek Indonesia (KSEI) on July 19, 2024, at the Main Hall, Indonesian Stock Exchange. This collaboration is an extension of the previous period as an effort to increase ease of access for investors to invest in the capital market.

The signing process for this collaboration was officially carried out by Frenky Tirtowijoyo, President Director of Bank Sinarmas, and witnessed by Samsul Hidayat, President Director of KSEI, and Inarno Djajadi, Chief Executive of Capital Market Supervision, Derivative Finance, and the OJK Carbon Exchange. With this collaboration, Bank Sinarmas officially becomes the RDN Administrator Bank and becomes the Payment Bank for the 2024-2029 period.

Previously, Bank Sinarmas had obtained approval from the OJK as an RDN Administrator Bank 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% pa and free RDN Administration fees to support beginner customers with affordable balances. Bank Sinarmas, as the RDN Administrator Bank & Payment Bank, also provides intraday facilities and other special services to securities companies related to the settlement of securities transactions with KSEI.

"By becoming the RDN Administrator Bank and Payment Bank, it means that we are committed to increasing the number of investors in the capital markets industry and, at the same time, to increasing the financial industry portfolio. Bank Sinarmas RDN services can be used by customers of securities companies that collaborate with Bank Sinarmas, including Sinarmas Sekuritas, Phintraco Sekuritas, Mirae Sekuritas, MNC Sekuritas, Philip Sekuritas, Aldiracita Sekuritas, Profindo Sekuritas, Amantara Sekuritas, and others.” explained Frenky Tirtowijoyo, President and Director of Bank Sinarmas.

Armed with simple and real-time service advantages, Bank Sinarmas' RDN service can contribute to encouraging growth in the number of capital market investors, which are currently dominated by the millennial generation. Investors can experience a new experience in investing in shares by opening the RDN service, which is easy, fast, and without minimum balance requirements so that everyone can immediately invest in shares with any capital.

Bank Sinarmas sees that Bank RDN's business trend will continue to grow positively, in line with increasing public awareness of the importance of investing in investment instruments.

"It is hoped that this good collaboration between KSEI and Bank Sinarmas can realize a shared vision to build a more advanced and competitive Indonesian capital market." Frenky added.