Deposits typically have a certain period of time in which the money in it should not be drawn customers. Deposits can only be disbursed in accordance with the due date, usually deposits have maturities 1, 3, 6, or 12 months. If the deposits have melted before the due date, it will be subject to a penalty.
Deposits can also be extended automatically using system ARO (Automatic Roll Over). Deposits will be automatically renewed after the due date, until the owner melt deposits.
Deposit interest rate is usually higher than regular savings. Flowers can be taken after due date or inserted again into the principal deposits to be deposited again in the next period.
GIRO
Deposits from third parties to bank withdrawals made at any time by check, warrant or other payments with transfer
CREDIT
Credit is the provision of an achievement by other parties that will be returned at a certain time accompanied by a counter-achievement of flowers in other words, money or received now will be returned in the future, while in the economic sense, credit is tagging.
The purpose of the Bank According to Malay Hasibuan
According to Malay Hasibuan, there are a few of interest, namely:
a. theory of Value
The theory is based on the assumption that the value is now greater than the value that would come. So the difference in this value should receive replacement or debtor. This replacement is called interest.
b. Sacrifice theory
This theory is based on the understanding that sacrifices are established should receive remuneration in the form of payment. This theory suggests that if the owner of the money lent money to the debtor, as long as the money has not been returned or bank debtor, the creditor can not use the money.
c. advantage theory
This theory suggests that bank interest exists because of the profit motive to be achieved. Bank and economic actors willing and able to pay interest based on the profits to be gained.
