Time Deposit Money Market

• Types of customers:
  • Individual Customer - Indonesian Citizen/Foreign National (BCA Prioritas and BCA Solitaire)
  • Non-individual (Corporate) Customer, including PT/Firm/CV/Cooperative/State-Owned Enterprise (BUMN)/Foundation/Foreign Company/Non-Bank Financial Institution.
• To place funds in DBMM, the customer must open a Time Deposit account and provide the required documents in accordance with the applicable terms for adult individual customers and non-individual customers.
• The source of funds for DBMM must come from outside BCA, such as a transfer from another bank at the time of placement (fresh funds).
• If the account is opened through an authorized representative, the authorized representative of the customer must provide a Power of Attorney from the relevant customer to open the account.
• The customer must meet the minimum placement amount requirement.
• For a non-individual customer, the customer’s representative that is authorized to open the account must provide individual customer data in the form.
• The prospective customer will incur stamp duty upon DBMM account opening and closure.

• Available in 2 currency options with 6 flexible term choices, which can be selected according to the customer's needs.

• DBMM is Non-ARO (Non-Automated Roll Over), meaning that DBMM matures at the end of the agreed term and cannot be extended
• The customer will receive a DBMM Placement Confirmation Letter, confirming that the Customer has placed funds in DBMM.

• Provide the customer with a fixed-term investment option
• Competitive interest rates, offering the customer a range of products for saving.

• The customer’s deposits will not be covered by the deposit insurance scheme managed by the Indonesia Deposit Insurance Corporation (LPS) if:
  • The total balance of the customer’s deposits (including interest) at one bank exceeds (an equivalent of) Rp2 billion for both single accounts and joint accounts.
  • The interest rate obtained by the Customer exceeds the deposit insurance interest rate set by the LPS.
• For DBMM in foreign currency, fluctuations in the exchange rate in response to market conditions may result in Market Price Risk.
• Fluctuations in DBMM interest rates may occur following market developments, leading to Interest Rate Risk.
• Operational risks may arise, including human error, system limitations/internal process failures, external events, and system breakdowns. These could result in other risks, such as Settlement Risk (the transaction amount debited or credited does not match the correct amount).

• Liquidation of DBMM shall take place on the maturity date, with BCA crediting the proceeds to the DBMM placement source account owned by the customer. The customer may request to have the amount credited to another account. 
• Placement of DBMM in foreign currency or foreign currency purchases using funds in Rupiah exceeding the equivalent of USD100,000 requires underlying documents.
• DBMM Interest Rates shall follow the provisions applicable at BCA and may change at any time in line with market conditions, and the change will be notified to the customer through BCA's information channels.
• BCA must inform the Customer of any changes to the benefits, costs, risks, terms, and conditions of the product and/or service via letter or other means, in accordance with applicable terms and conditions. The Customer will be notified 30 (thirty) business days before the changes become effective.
• The Customer may receive offers for other products from other parties that cooperate with the Bank, if the Customer consents to the Bank sharing their data with such other parties that cooperate with the Bank.
• The Customer may also receive offers for the Bank products and/or services, as well as products and/or services of other parties that cooperate with the Bank, through personal communication channels if the Customer indicates their agreement to receive such product and/or service offers via personal communication channels.
• The Customer is subject to Tax according to applicable regulations.

This summary has been aligned with the laws and regulations in force, including regulations of the Financial Services Authority.

BCA is licensed and supervised by the Financial Services Authority and Bank Indonesia
BCA is a member of the LPS insurance scheme.    

• Calculation and payment of DBMM interest are subject to the following provisions.
  • DBMM interest is calculated based on daily accruals from the placement date until the interest maturity date.
  • The formula for calculating interest is as follows.
    
    Principal x Interest Rate x Interest Days

    Number of days in the relevant year x 100
  • DBMM interest is paid to the customer after tax withholding.

Example Calculation

Last Update: 24 July 2025

Notes:

¹⁾ This simulation is intended to provide the customer with example calculations for estimation purposes only and is not meant to give any recommendation.
²⁾ Interest rates may change at any time in line with market conditions and the change will be notified to the customer via BCA’s information channels.
³⁾ Interest amount = gross interest amount before tax withholding according to applicable regulations (Assumption: 1 month = 30 days and 1 year = 365 days)
⁴⁾ Total Amount Received = total time deposit amount after adding the interest amount and deducting tax