ST017

Limited Offer!

The Government has once again launched the Government Securities (SBN) Sukuk Tabungan ST017, available in two series: ST017-T2 (2-year tenor) and ST017-T4 (4-year tenor) within one offering period. Choose your preferred tenor, purchase ST017 via M2U ID App, and add fresh funds to your Maybank Savings/Current/Time Deposit accounts to earn 0.10% cashback up to IDR15 million.

Buy now via the M2U ID App or visit the nearest Maybank branch today!

ST017 Program Details:

Issuer	The Government of the Republic of Indonesia through the Indonesian SBSN Issuing Company
Series	ST017-T2 and ST017-T4
Investor	Indonesian Citizens (WNI)
Type Of Contract	Wakalah
Offering Period	6 November – 2 December 2026 (As long as the national quota is available)
Form	Scripless, non-tradable in the secondary market, non-transferable, and cannot be liquidated until maturity except during the early redemption period.
Sales Allotment Date	7 December 2026
Settlement Date	9 December 2026
Maturity Date	ST017-T2: 10 November 2028 ST017-T4: 10 November 2030
Nominal Value per Unit	IDR1,000,000 Per unit
Minimum Order	IDR1,000,000
Maximum Order	ST017-T2: IDR5,000,000,000 ST017-T4: IDR10,000,000,000
Reward Type	Floating with floor
Reward Rate	ST017-T2: 6,95% ST017-T4: 7,05%
First Reward Date	10 January 2027
Effective Date of Adjusted Reward	11 February, 11 May, 11 Agustus, November
Reward Payment Date	The 10th of every month. If the payment date falls on a non-working day, the payment will be made on the next working day without any interest compensation. A working day is a day on which the system is operational.
Reward adjustment timing	3 working days before the effective date of the return period.
Early redemption submission period	ST017-T2: Wednesday, 27 October 2027 (09:00 WIB) - Wednesday, 3 November 2027 (10:00 WIB) ST017-T4: Friday, 27 October 2028 (09:00 WIB) - Friday, 3 November 2028 (10:00 WIB)
Early redemption Settlement	ST017-T2: 10 November 2027 ST017-T4: 10 November 2028
Coupon and Principal Paying Agent	Bank Indonesia

Enjoy cashback program of 0.10%

Cashback 0.10% of fund placement will be given as follows:

Period	Series	Cashback Value
6 November – 2 Desember 2026	ST017-T2	0.10%
6 November – 2 Desember 2026	ST017-T4	0.10%

Cashback terms & conditions:

Customers must purchase ST017 with a minimum amount of IDR100 million (applies to all tenors).
The Customer must maintain an increase in the total balance of their Maybank Savings Accounts/Current Accounts/Time Deposits as of 2 December 2026 compared to 5 November 2026 or if there is a decrease, the allowable decrease is up to 5% or IDR200,000, whichever is higher.
If the Customer does not yet have a Maybank Savings/Current/Deposit Account, please open one via the M2U ID App. This applies to accounts/savings/deposits under Sharia principles.

Maybank Savings Account information

CLICK HERE

Maybank Savings Account Opening Guide

CLICK HERE

Maybank Current Account information

CLICK HERE

Maybank Time Deposit information

CLICK HERE

Maybank Time Deposit Opening Guide

CLICK HERE

Other terms & conditions:

Cashback applies to accumulated ST017 purchase transactions made during the same period. Transaction accumulation only applies within the same tenor.
Cashback will be credited to the customer's funding source account no later than 30 December 2026.
Customers remain eligible for cashback if the funding balance decrease does not exceed the maximum threshold of 5% or IDR200,000 (whichever is higher).
If other cashback programs are running during the ST017 Offering Period, Customers with the same CIF (Customer Information File) are eligible for 1 cashback program only.
PT Bank Maybank Indonesia Tbk reserves the right to cancel, postpone, extend, or terminate this program early, as well as to vary, delete, or add any terms and conditions at its absolute discretion, which will be announced via Maybank's official website at www.maybank.co.id.

Cashback simulation up to IDR15 million

Get a 0.10% cashback (up to a maximum of IDR15 million) for purchasing ST017 during the offering period, subject to the terms and conditions outlined above.

Customer A has a Maybank Savings balance of IDR100 million as of 5 November 2026. On 6 November 2026, Customer A transfers IDR15,010,000,000 from another bank and purchases ST017-T2 for IDR5,000,000,000 and ST017-T4 for IDR10,000,000,000. As of 2 December 2026, Customer A's total balance in Maybank Savings is IDR110 million. Here is the simulation:

Series	Nominal funding as of 05 November 2026	Nominal funding as of 2 Desember 2026	Max. Order	Cashback regular
ST017-T2	IDR100,000,000	IDR110,000,000	IDR5,000,000,000	IDR5,000,000
ST017-T4	IDR100,000,000	IDR110,000,000	IDR10,000,000,000	IDR10,000,000
Max. cashback amount				IDR15,000,000

Cashback Calculation:
ST017-T2 purchase of IDR5,000,000,000 x 0.10% cashback rate = IDR5,000,000
ST017-T4 purchase of IDR10,000,000,000 x 0.10% cashback rate = IDR10,000,000
Total cashback credited to the account = IDR15,000,000

Other Simulation Examples:

No	Simulation	Result
1	Total funds as of 5 November 2026: IDR1 billion Total funds as of 2 December 2026: IDR500 million ST017-T2 purchase: IDR100 million	Funding growth calculation: (IDR1 billion - IDR500 million)/IDR1 billion = 50% Result: The customer is not eligible for cashback because the funding growth decrease exceeds 5% or IDR200,000
2	Total funds as of 5 November 2026: IDR1 million Total funds as of 2 December 2026: IDR800 thousand ST017-T2 purchase: IDR100 million	Funding growth calculation: IDR200 thousand/IDR1 million = 20% Result: The customer remains eligible to receive cashback because the funding decrease is still within the permitted terms, which is IDR200,000. Cashback calculation: 0.1% x IDR100 million = IDR100,000
3	Total funds as of 5 November 2026: IDR1 billion Total funds as of 2 December 2026: IDR950 million ST017-T2 purchase: IDR100 million	Funding growth calculation: IDR50 million/IDR1 billion = 5% Result: The customer remains eligible to receive cashback because the funding decrease is still within the permitted terms, which is 5%. Cashback calculation: 0.1% x IDR100 million = IDR100,000
4	Total funds as of 5 November 2026: IDR1 billion Total funds as of 2 December 2026: IDR950 million ST017-T2 purchase: IDR100 million ST017-T4 purchase: IDR200 million	Funding growth calculation: IDR50 million/IDR1 billion = 5% Result: The customer remains eligible to receive cashback because the decrease is still within the permitted terms, which is 5%. Cashback calculation: ST017-T2 cashback: 0.1% x IDR100 million = IDR100,000 ST017-T4 cashback: 0.1% x IDR100 million = IDR100,000 Total customer cashback: IDR200,000
5	Total funds as of 5 November 2026: IDR1 billion Total funds as of 2 December 2026: IDR950 million ST017-T2 purchase: 6 November: IDR10 million 1 December: IDR10 million Total: IDR20 million	Funding growth calculation: IDR50 million/IDR1 billion = 5% Result: The customer is not eligible to receive cashback because it does not meet the minimum ST017 purchase requirement.

Experience the peace of secure investing with multiple benefits and advantages through Maybank Indonesia. Please read the ST017 Retail Sukuk offering document carefully before investing. ST017 is not a banking product issued by Maybank Indonesia. Maybank Indonesia is one of the official distribution partners appointed by the Ministry of Finance of the Republic of Indonesia.

BUY NOW

Click Here

Download M2U ID now and start investing to realize all your dreams!

Click Here

Easy Guide to Ordering ST017 via M2U ID App

Click Here