What is an RDN on Pluang and how safe are the funds in it?
An RDN (Rekening Dana Nasabah, or Client Fund Account) is a dedicated bank account registered in the investor's own name, used to hold funds for stock investing. On Pluang, your RDN is opened automatically when you register for a stock account. Funds in your RDN are fully segregated from Pluang's operational funds and are protected by Indonesia's Deposit Insurance Corporation (LPS) up to Rp2 billion per depositor per bank.
Key facts about your RDN on Pluang
- The RDN is registered in your own name — not Pluang's
- Funds are held at a designated custodian bank, separate from Pluang's assets
- LPS protection: up to Rp2 billion per depositor per bank
- RDN funds can only be used for stock transactions on the IDX — Pluang cannot access them for any other purpose
- RDN partner bank: BCA or Bank Jago. You can choose your preferred RDN bank during account opening. Bank Jago RDN earns a 2% p.a. yield on your idle balance; BCA RDN does not earn yield.
Related questions:
Q: Is the RDN different from my regular bank account?
Yes. The RDN is a dedicated securities account used only for stock investing, separate from your regular savings account.
Q: What happens to my RDN funds if Pluang shuts down?
RDN funds are held in your name at a partner bank, segregated from Pluang's assets. If Pluang closes, your RDN funds remain safe and can be returned to you.
Q: Does my RDN earn interest?
It depends on your RDN bank. If your RDN is with Bank Jago, you earn 2% p.a. on your idle RDN balance. If it is with BCA, the RDN does not earn any yield.
Q: How do I check my RDN balance on Pluang?
Your RDN balance is visible directly on the home screen or portfolio section of the Pluang app.