Time Deposit

BCA Time Deposit

BCA Time Deposit is a term deposit product that allows deposits and withdrawals at specified times.

Key Features

It is available in 9 currencies: Rupiah (IDR), United States Dollar (USD), Singapore Dollar (SGD), Hong Kong Dollar (HKD), Australian Dollar (AUD), Japanese Yen (JPY), Great Britain Pound sterling (GBP), Euro (EUR), and Chinese Yuan (CNH).
There is a flexible term option of 1, 3, 6, or 12 months.
Competitive interest rates.
It can be used as collateral for a loan.
Get a Time Deposit certificate as proof of account ownership.
The guaranteed interest rate is based on the applicable interest rate information available on the Deposit Insurance Corporation (LPS) website.

Benefits

An investment option for customers.
Deposits interest can be transferred to the customer's Savings or Current Account, either at BCA or at another bank.
Freedom to select your preferred rollover type, such as:
- Automatic rollover with monthly interest credited to the source account (ARO)
- Automatic rollover with interest added to the principal during each rollover (ARO Plus).
- Both the principal and the interest are credited to the designated account at maturity date (Non ARO).
Customers may receive information and offers related to BCA products and services.

Risks

LPS does not guarantee savings accounts with balances exceeding IDR2 billion and interest rates exceeding the interest rate set by LPS.
Interest will not be paid if the customer disburses funds before maturity.

Requirement and Procedure

Deposit opening is reserved for individual customers and corporate customers.
Fill out and sign the account opening application form.
For corporate customers, the opening of a Time Deposit can be authorized by including a Power of Attorney from the authorized party.
For corporate customers, company representatives who have the authority to represent the account opening are required to provide the individual customer's data.
Prospective customers are subject to stamp duty at the time of opening and disbursing the Deposit.
Meet minimum initial placements.
Prepare the necessary documents.

Type of Customer

Identity card (e-ID card for Indonesian citizens/Passport for foreigners)
NPWP* for Indonesian citizens
Residence Permit Card (KITAS/KITAP) for foreigners
Business Place Permit (SITU), specifically for Indonesian citizens who reside in Indonesia and do business/act under the name (b.d.n)
Other documents (specifically for foreigners who do not reside in Indonesia), in accordance with the APU, PPT, and PPPSPM guidelines and applicable provisions

Identity Card and Tax ID Number (NPWP)* of all members of the Company’s Boards
Identity Card and Tax ID Number* of all Shareholders
Tax ID Number* for Non-Individual Entity
Deed of Establishment
Articles of Association
Deed of Amendment (if any)
Deed containing the composition of the current boards of the company
Letter of validation, approval, and/or receipt acknowledgment of notice issued by the Minister of Law and Human Rights
Business Identification Number (NIB)
Other permits and licenses**

Identity Card and Tax ID Number (NPWP)* of all members of the Foundation’s Boards
Tax ID Number* for Non-Individual Entity
Deed of Establishment
Articles of Association
Deed of Amendment (if any)
Deed containing the composition of the current boards of the company
Letter of validation, approval, and/or receipt acknowledgment of notice issued by the Minister of Law and Human Rights
Business Identification Number (NIB)
Registration Certificate issued by the competent authority (only for a social foundation established in DKI Jakarta)
Other permits and licenses**

Identity Card and Tax ID Number (NPWP)* of all members of the Cooperative’s Boards
Tax ID Number* for Non-Individual Entity
Deed of Establishment
Articles of Association that have obtained validation from the Minister of Law and Human Rights
Document containing the latest composition of the current boards of the Cooperative that has been registered with the Ministry/institutions in charge of Cooperatives
Business Identification Number (NIB)
Other permits and licenses**

Identity Card and Tax ID Number (NPWP)* of all Partners
Tax ID Number* for Non-Individual Entity
Deed of Establishment
Articles of Partnership
Deed containing the composition of the current management of the partnership that has been registered with the District Court or the Minister of Law and Human Rights
Business Identification Number (NIB)
Other permits and licenses**

Identity Card and Tax ID Number (NPWP)* of all members of the company’s boards
Tax ID Number* for Non-Individual Entity
Documents to be authenticated by the local Notary Public and registered with the Indonesian Embassy:
- Deed of Establishment and Articles of Association
- Resolution of Board of Director atau Power of Attorney
- Current composition of the company’s boards
Business Identification Number (NIB)
Other permits and licenses required of a representative office of a foreign company in Indonesia**

Identity Card and Tax ID Number (NPWP)* of all members of the company’s boards
Tax ID Number* for Non-Individual Entity
Regional Regulation/Regulation of the Head of a Government Agency/Decision of the Head of a Government Agency on the formation/establishment of State-Owned Public Service Company/Regional Government-Owned Public Service Company
Composition of the management boards/ letter of appointment/ letter of assignment from the Head of a Government Agency to the official appointed to open a bank account
Business Identification Number (NIB)
Other permits and licenses**

Identity Card and Tax ID Number (NPWP)* of all members of the management boards
Tax ID Number* for Non-Individual Entity
Deed of Establishment
Articles of Association/Bylaws
Proof of validation from the Ministry of Law and Human Rights (if a legal person)
Current composition of the management boards
Operational license from the competent authority (only for those conducting business and earning profit or raising funds from the public)
Registration Certificate from the competent authority (only for a social association established in DKI Jakarta)

Identity Card and Tax ID Number (NPWP)* of all members of the management boards
Tax ID Number* for Non-Individual Entity
Deed of Establishment
Articles of Association/Bylaws
Proof of validation from the Ministry of Law and Human Rights
Current composition of the management boards

Identity Card and Tax ID Number (NPWP)* of all members of the management boards
Tax ID Number* for Non-Individual Entity
Deed of Establishment
Articles of Association/Bylaws
Proof of registration of the Religious Institution from the Directorate General for Community Guidance under the Ministry of Religious Affairs
Current composition of the management boards and the letter of appointment/ratification of the incumbent members of the management boards

Identity Card and Tax ID Number (NPWP)* of all members of the Management
Tax ID Number* of the Ministry/State Agency
Articles of Association/Bylaws
Deed of Amendment (if any)
Approval Letter containing the register number and approval for account opening signed by the Director General of Treasury/ State Treasury Service Office (KPPN)
Decision letter regarding the establishment of the Ministry/Ministerial Agency or Work Unit
Decision letter regarding the appointment of the head of the Ministry/Ministerial Agency or Work Unit
Power of Attorney signed by the official authorized to represent the owner of the Ministry’s Account to the Director General of Treasury/ KPPN

Identity Card and Tax ID Number (NPWP)* of all members of the Management
Tax ID Number* for Non-Individual Entity
Regulation of the Head of the Government Agency or Decision Letter of the Head of the Government Agency regarding the formation/establishment of the relevant agency
Composition of the management/ letter of appointment/ letter of appointment from the Head of the Government Agency to the official designated to open an account

*)Note:

If the customer does not have an NPWP, it can be replaced with a Statement Letter stating that the customer does not have one.

**)Remarks

Corporate customers with NIB documents issued before February 2, 2021, must obtain an operational license from an authorized agency.
Corporate customers with NIB documents issued since February 2, 2021, and those with medium to high risk levels, are required to prepare additional licensing documents that refer to the Risk-Based Business Licensing Document PP No. 5 of 2021.

Fees, Limits, and Interest Rates

Placement Nominal

Currency	Minimum Initial Placement
Indonesian Rupiah (IDR)	IDR8,000,000
United States Dollar (USD)	USD1,000
Hong Kong Dollar (HKD)	HKD8,000
Singapore Dollar (SGD)	SGD2,000
Australian Dollar (AUD)	AUD2,000
Great Britain Pound sterling (GBP)	GBP1,000
Japanese Yen (JPY)	JPY150,000
Euro (EUR)	EUR1,000
Chinese Yuan (CNH)	CNH7,000

Notes: Time Deposit placement in a currency denomination other than the source account currency is subject to the applicable exchange rates

Fees

Income Tax of 20% of the Time Deposit interest earnings
Monthly Interest Transfer Fee

Description	Fee
Transfer between BCA Accounts	Free of Charge
Transfer to Another Bank: ‐ LLG ‐ RTGS	IDR2,900 IDR30,000

Description

Fee

Transfer between BCA Accounts

Free of Charge

Transfer to Another Bank:

‐ LLG

‐ RTGS

IDR2,900

IDR30,000

Other Fees

Transactions	Cost
Large nominal cash withdrawal (≥ IDR100,000,000) without confirmation to BCA Branch	IDR100,000
Banknotes (≥ USD/SGD/CNH1,000) withdrawal without confirmation to BCA Branch	IDR100,000

Limit

When opening or closing a Foreign Currency Time Deposit, customers can make deposits and withdrawals of banknotes at a 1:1 rate (not subject to buying and selling rates or deposits in the same currency) up to the specified limits:

Type of Transaction	Amount
Deposit payments*
USD Time Deposit Account
Deposit payment of up to USD50,000/day/account	1:1
Deposit payment of more than USD50,000/day/account	Subject to a 0.5% fee on the excess amount
Other Foreign Currency Time Deposit Account
Deposit payment in Non USD Banknotes into the relevant non USD account**	1:1
Withdrawals
USD Time Deposit Account
Withdrawal of up to USD10,000/month/account	1:1
Withdrawal of more than USD10,000/month/account	Subject to a 0.5% fee on the excess amount
SGD Time Deposit Account
Withdrawal of up to SGD10,000/month/account	1 : 1
Withdrawal of more than SGD10,000/month/account	Subject to a 0.5% fee on the excess amount
CNH Time Deposit Account
Withdrawal of up to CNH20,000/month/account	1:1
Withdrawal of more than CNH20,000/month/account	Subject to a 0.75% fee on the excess amount

Remarks:

*)Deposits of banknotes that are not in good physical condition and/or of small denomination to a foreign exchange account in the same currency can be processed at a 1:1 rate. However, customers will incur a 0.25% fee.
**)There are specific non-USD currency denominations that can be deposited at a 1:1 rate.

Interest Rates

Rupiah Time Deposit

Currency	Interest Rate (%pa) / Term (months)
Currency	1	3	6	12
< IDR10 Mio	2.75	2.75	2.75	2.50
≥ IDR10 Mio - < IDR100 Mio	2.75	2.75	2.75	2.50
≥ IDR100 Mio - < IDR500 Mio	2.75	2.75	2.75	2.50
≥ IDR500 Mio - < IDR2 Bn	2.75	2.75	2.75	2.50
≥ IDR2 Bn - < IDR5 Bn	3.00	3.00	2.75	2.50
≥ IDR5 Bn - < IDR10 Bn	3.00	3.00	2.75	2.50
≥ IDR10 Bn - < IDR25 Bn	3.00	3.00	2.75	2.50
≥ IDR25 Bn - < IDR100 Bn	3.00	3.00	2.75	2.50
≥ IDR100 Bn	3.00	3.00	2.75	2.50

Effective: October 1, 2025

Foreign Currency Time Deposit (USD)

Currency	Interest Rate (% per annum) / Tenor (months)
Currency	1	3	6	12
<USD150,000	2.00	2.00	1.50	1.50
≥USD150,000 - <USD1,000,000	2.25	2.25	2.00	2.00
≥USD1,000,000 - <USD10,000,000	2.25	2.25	2.25	2.25
≥USD10,000,000	2.25	2.25	2.25	2.25

Effective: December 1^st, 2023

Foreign Currency Time Deposits (AUD, GBP, and JPY)

Currency	Interest Rate (% per annum) / Tenor (months)
Currency	1	3	6	12
AUD	2.25	2.25	2.25	2.25
GBP	2.25	2.25	2.25	2.25
JPY	0.00	0.00	0.00	0.00

Effective: April 21^th, 2025

Foreign Currency Time Deposits (CNY)

Currency	Interest Rate (% per annum) / Tenor (months)
Currency	1	3	6	12
CNY	0.50	0.50	0.50	0.50

Effective: August 16^th, 2024

Foreign Currency Time Deposits (EUR, SGD, and HKD)

Currency	Interest Rate (% per annum) / Tenor (months)
Currency	1	3	6	12
SGD	0.75	0.75	0.75	0.75
EUR	1.40	1.40	1.40	1.40
HKD	0.00	0.00	0.00	0.00

Effective: January 23^th, 2026

Simulation

Deposit Placement Nominal	Tenor	Interest Rate according to Tenor¹⁾	Interest²⁾	20% Tax	Total Accumulation³⁾
IDR10,000,000	1 Month	3,00%	IDR24,658	IDR4,932	IDR10.019.726
USD100,000	1 Month	2,00%	USD164	USD33	USD100,131

Effective Date: February 14, 2025

Note:

This simulation is intended solely to provide the customer with an estimate and is not meant to make any recommendations.

Remarks:

¹⁾Interest rates are subject to change at any time according to market conditions and will be informed via BCA's information channels.
²⁾Interest = gross interest before tax deduction according to applicable provisions (Assumption: 1 month = 30 days and 1 year = 365 days).
³⁾Total Accumulation = total nominal deposit after interest is added and less tax.

Important Information

Additional Information

BCA Time Deposits can be opened as joint accounts with either “Or” or “And” type.
An instruction given to the bank or a cash withdrawal made from a joint account with the status of “Or” can be made by only one of the joint account holders. However, for a joint account with the status of "And", any instruction or cash withdrawal must be made collectively by all joint account holders.
The placement of Foreign Currency Time Deposit or a purchase of foreign currency exceeding USD100,000 (or its equivalent) with a source of funds in Rupiah must be accompanied by underlying documents.
Deposits and/or withdrawals of Foreign Currency Time Deposit in different currencies will be subject to the exchange rate.
Banknotes deposited cannot be withdrawn on the same day.
CNH banknote withdrawals with a 1:1 rate are only valid at the account-opening branch.
The Time Deposit interest will be credited according to the type of rollover as follows:

Type of Time Deposit	Interest
Non ARO	To be credited to the account selected by the customer at the maturity date
ARO	To be credited to the account selected by the customer every month on the specified maturity date
ARO Plus	To be credited to the account at maturity with the accrued interest added to the principal amount for further placement (rollover)

In ARO and ARO Plus Time Deposit, if the customer does not disburse the Time Deposit at maturity, the customer's funds will be deposited again for the same period at the applicable interest rate.
The conditions for disbursing Foreign Currency Time Deposit are as follows:

Type of Transaction	Amount
Liquidation of a USD/SGD/CNH Time Deposit into a Foreign Currency Account
Same currency	1:1
Different currency	The applicable Telegraphic Transfer (TT) exchange rates shall apply
Liquidation of a Foreign Currency Time Deposit into a Rupiah Account
Different currency	The TT buy rate shall apply
Liquidation of a USD/SGD/CNH Time Deposit in Banknotes
Same currency	1:1, subject to an additional fee if the withdrawal limit is exceeded
Different currency	The TT buy rate and the banknote sell rate shall apply
Liquidation of a Time Deposit denominated in any currency other than USD/SGD/CNH in Banknotes
Same and different currency	The TT buy rate and the banknote sell rate shall apply

Disbursement of the Time Deposit cannot occur on the same date it is placed.
Exchange rate fluctuations follow market conditions.
The customer can apply for the closure of the Time Deposit at the branch where the account was opened by bringing the time deposit certificate.
BCA shall inform all changes to the benefits, fees, risks, terms and conditions of this Product and/or Service through any means in accordance with applicable legal provisions.

Summary of Product & Service Information (RIPLAY)

Terms and Conditions

Get Service

Time Deposit

Why Time Deposit?

Currency Option

Choice of Tenor

Inquiry Convenience