Read the previous post: How and Technical to Open a Stock Account.
Investor Fund Account (RDI) or securities sub-account or Customer Fund Account (RDN) is an account in a bank in the name of an investor that is used specifically for stock buying and selling transactions, and is separate from securities accounts (source: www.ilmu-invest. com). So, this RDI is only used specifically for buying and selling shares. Cannot be used for your personal purposes.
You can get RDI ONLY IF you have opened a stock account at a securities office. What if it's not open yet? Automatically you may not be able to have RDI, because RDI is only used for trading or investment purposes. So, you must have a stock account first.
In the above definition, it is stated that "RDI is a bank account..... (blah blah blah)". You may be thinking "What bank account is it? Is it a BCA, BRI, Mandiri, Danamon account?" This is what I will answer in this post.
You need to know, every securities office has cooperation with banks in terms of providing RDI. So each securities office may use different investor funds accounts for each bank. For example: you open a stock account at securities office A, then the RDI you get comes from Bank X. Your friend opens a stock account at securities office B, then the RDI that your friend gets is not RDI from Bank X, but from Bank Y. I think that's the illustration.
Although securities companies cooperate with official banks in Indonesia in terms of providing fund accounts for investors, RDI, if I may say, does not exist.. There is no passbook card, no ATM card like your normal bank account.
How come?
Like the definition of RDI above, that RDI is ONLY USED for stock buying and selling transactions. Meaning? This means that RDI is only used as an intermediary, aka "passing funds". So, if you have an RDI from a certain bank, the RDI is not charged interest at all. Unlike a bank account, where you can withdraw money at any time via an ATM, you will be subject to interest fees per month.
It also means that RDI is used as a means to make deposits from your bank account to your stock account. Deposit = injecting capital into a stock account for stock trading activities (trading).
How can RDI be used to inject capital? Ask you....
Every time you open a stock account at a securities office, in addition to getting an RDI, you are also required to fill in your bank account at the time of filling out the form. Bank accounts (ATMs) are used for deposits and withdrawals.
To make it easier I give an illustration.
You have an RDI with account number 12345. While the bank account you use for deposits and withdrawals (ATM), the number is: 23456. You want to deposit capital for stock transactions of IDR 1,000,000. That means, you deposited IDR 1,000,000 from your bank account (23456) to your RDI (12345). Later, your funds will be entered in the account balance. How does the account balance display in stock software? Please read the post: Online Stock Menu Display.
Assume that after trading 1 month, your profit increases to IDR 200,000. Then, you think about withdrawing funds. If you want to withdraw funds, all you have to do is click the withdraw menu contained in your stock software. If you withdraw funds, it means that Rp. 200,000 will later be transferred to your bank account (ATM), which is your account number 23456.
I think that's enough of my explanation regarding RDI and its benefits. Now you understand if you want to make a deposit (capital injection) or withdraw funds (withdraw). You also understand the meaning of RDI. If you want to understand the appearance of online stock software and its explanation, please read the post: Online Stock Menu Display.
