BCA - Time Deposit

Time Deposit

BCA Time Deposit is a great option for investment. Those who wish to set aside a portion of their savings for investment may consider BCA Time Deposit as an option. The money will do its own thing for the customer. With various choices of tenors and competitive interest rates, BCA Time Deposit can be the right option for customers looking to invest in both Rupiah and 8 other foreign currencies.
BCA Time Deposit is a time deposit product, and thus the customer can make a deposit and a withdrawal at certain times only.

Important Information

Requirements and Procedure

The prospective customer is an individual or a non-individual entity.
The Customer fills out the account opening application form and accepts the terms therein.
If an account is opened through a power of attorney, the customer to whom the power is granted needs to provide the Power of Attorney issued by the principal vested with the capacity to open an account.
The customer must meet the minimum initial deposit requirement.
For a non-individual customer, the representative from the management authorized to open an account must provide the customer personal data.
The prospective customer must pay stamp duty when opening or liquidating a Time Deposit.
The Customer provides the required documentation.

Type of Customer

Identity Card (electronic Resident ID Card (e-KTP) for Indonesian citizens/Passport for foreign citizens)
Tax ID Number (NPWP)*, for Indonesian citizens
Stay Permit (Limited Stay Permit (KITAS) /Permanent Stay Permit (KITAP)), for foreign citizens
Business Location License (SITU), for Indonesian citizens domiciled in Indonesia and doing business/acting in another’s name (b.d.n)
Other documents (only for foreign citizens not domiciled in Indonesia) as may be required under the AML CTF Guidelines and the prevailing laws

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/has not already had the Tax ID Number, the customer can substitute it with a Statement Letter explaining that the customer does not have the Tax ID Number.

**Notes:

A non-individual customer holding a Business Identification Number (NIB) issued before 2 February 2021 needs to provide an operational permit from the competent authority.
A non-individual customer holding a Business Identification Number (NIB) issued on or after 2 February 2021 with a medium to high risk level needs to provide other licensing documents,e., the Risk-Based Business Licensing Documents under Government Regulation No. 5 of 2021.

The Customer can ask questions and lodge complaints via the following:

Contact Us:

Halo BCA 1500888
Email : halobca@bca.co.id
WA : +628111500998
Website : www.bca.co.id

Social Media

Facebook : GoodLife BCA
Instagram : @goodlifebca
Youtube : Solusi BCA
X (Twitter) : @BankBCA

Features, Benefits, and Risks of Deposit

Main Features of Time Deposit:

Available in 9 currencies, i.e., 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).
Flexible choices of tenors, namely, 1, 3, 6, or 12 months.
The Time Deposit can be opened in the form of a joint account with the status of either “ATAU/OR” or “DAN/AND”.
Competitive interest rates. For details on interest rates, please check BCA’s official website at www.bca.co.id
The deposit interest rate that is eligible for the deposit insurance scheme follows the applicable interest rate set by the Indonesia Deposit Insurance Corporation (Lembaga Penjamin Simpanan or LPS), which can be viewed on the website of the LPS.
Deposit payments and/or withdrawals in relation to a Foreign Currency Time Deposit made in a different currency will be subject to the applicable exchange rates. Information on BCA’s competitive exchange rates is available on the BCA’s official website at bca.co.id.

Benefits:

A specific term investment option for the customer.
The Time Deposit interest can be credited to the customer's Savings or Current account, whether at BCA or at other banks.
Freedom to choose the rollover type of your preference, namely:
- Automatic rollover with the interest credited monthly to the source account (ARO).
- Automatic rollover with the interest added to the principal upon each rollover (ARO Plus).
- Both the principal and the interest credited to the designated account at the maturity date (Non ARO).
The Time Deposit can serve as collateral for a loan.
The Customer will obtain a Time Deposit Certificate (Bilyet Deposito) as proof of account ownership.

Risks:

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) in one bank exceeds (an equivalent of) IDR2 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.
In the event of premature liquidation by the customer, the accrued interest will not be paid.
For a Time Deposit with the ARO and ARO Plus rollover types, if the customer fails to liquidate the Time Deposit at maturity, the customer's funds will be re-deposited for the same tenor at the then applicable interest rate.
All banknotes already paid into the time deposit account cannot be withdrawn on the same day.
Withdrawal of CNH Banknotes with a 1:1 condition is applicable only at the branch office where the account is opened.
The principal placed in a Foreign Currency Time Deposit, which is denominated in a foreign currency, is subject to exchange rate fluctuations in line with market conditions.
The interest rates for BCA Time Deposit may fluctuate in response to market conditions.
The liquidation of a Foreign Currency Time Deposit shall be subject to the following provisions:

Type of Transaction	Amount
Liquidation of a USD/SGD/CNH Time Deposit into a Foreign Currency Account (same currency)	1:1
Liquidation of a USD/SGD/CNH Time Deposit into a Foreign Currency Account (different currency)	The applicable Telegraphic Transfer (TT) exchange rates shall apply
Liquidation of a Foreign Currency Time Deposit into a Rupiah Account	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
Liquidation of a USD/SGD/CNH Time Deposit in Banknotes (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 (whether or not in the same currency)	The TT buy rate and the banknote sell rate shall apply

Simulation ¹⁾:

Time Deposit Placement Amount	Tenor	Interest Rate according to Tenor ²⁾	Interest Amount ³⁾	20% Tax	Accumulated Total ⁴⁾
IDR10,000,000	1 Month	3.25%	IDR26,712	IDR5,342	IDR10,021,370
USD100,000	1 Month	2.00%	USD164	USD33	USD100,131

Last Update: 24 June 2024

Notes:
¹⁾This simulation is intended to provide the customer with an estimate calculation 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 media.
³⁾Interest amount = gross interest amount before tax withholding according to the applicable laws and regulations (Assumption: 1 month = 30 days and 1 year = 365 days).
⁴⁾Accumulated Total = total Time Deposit amount after interest payment and tax withholding.

Additional Information

The Time Deposit interest will be credited to the customer’s account according to the rollover type of the Time Deposit described below:

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)

An instruction given to the bank or a cash withdrawal made from a joint account with the status of “ATAU/OR” can be made by only one of the joint account holders. However, for a joint account with the status of "DAN/AND", such instruction or cash withdrawal must be made collectively by all of the joint account holders.
A placement of a Foreign Currency Time Deposit or a purchase of foreign currency above the equivalent of USD100,000 with a source of funds in Rupiah must be accompanied by underlying documents.
The Time Deposit cannot be liquidated on the same date as its placement date.
The Customer may apply for the closure of the Time Deposit at the branch office where the account is opened by providing the Time Deposit Certificate.
The Time Deposit pays interest at the rate applicable at BCA, and the interest rate may change at any time according to market conditions and will be notified to the customer through BCA’s means of information.
BCA has the right to change the benefits, fees and charges, risks, including the terms and conditions for this product and/or service, and such change will be notified by BCA in any form and through any means in accordance with the applicable law. The notice will be provided at least 30 calendar days before the changes take effect.
The Customer may receive offerings for other products from other parties outside of BCA that have entered into a cooperation agreement with BCA, if the customer gives consent to BCA to provide the customer’s data to such other parties that have entered into a cooperation agreement with BCA.
The Customer may receive offerings for BCA’s products and/or services or the products and/or services belonging to other parties that have entered into a cooperation agreement with BCA via personal communication channels, if the customer gives consent to BCA to deliver such product and/or service offerings via personal communication channels.
All other information regarding the fees and charges, benefits, and risks can be accessed on BCA’s official website at www.bca.co.id.

Disclaimer (important to read)

BCA has the right to reject the customer’s application for the products and/or services if the customer fails to meet the applicable terms and conditions.
The Customer has read and understood the information on the Time Deposit product as described in this Product and Service Information Summary.
This summary simply constitutes a means of providing product and/or service information for prospective/existing customers and is not intended as an official offer for a product and/or service.
The Customer must read, understand, and agree the Time Deposit account opening application form.
The information contained in this Product and Service Information Summary shall be effective as of the printing date of this Product and Service Information Summary until the issuance of its latest update.
The Customer must carefully read this Product and Service Information Summary before deciding to open a Time Deposit account and may contact the Bank’s employee or call Halo BCA at 1500888 to inquire about all matters or file complaints related to this Product and Service Information Summary.

Fees, Limits, and Interest Rates

Interest Rates

Rupiah Time Deposit

Currency	Interest Rate (% per annum) / Tenor (months)
Currency	1	3	6	12
IDR < 2Bn	3.25	3.00	2.25	2.00
IDR ≥ 2Bn - < 5Bn	3.25	3.00	2.25	2.00
IDR ≥ 5Bn - < 10Bn	3.25	3.00	2.25	2.00
IDR ≥ 10Bn - < 25Bn	3.25	3.00	2.25	2.00
IDR ≥ 25Bn - < 100Bn	3.25	3.00	2.25	2.00
IDR ≥ 100Bn	3.25	3.00	2.25	2.10

Effective: October 1^st, 2024

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 01, 2023

Foreign Currency Time Deposits (Non USD)

Currency	Interest Rate (% per annum)
AUD	2.25
EUR	2.00
GBP	2.25
HKD	2.00
SGD	2.00
JPY	0.00

Effective: October 1^st, 2023

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, 2024

Initial Placement

The minimum initial placement required for each currency is as follows:

Currency	Minimum Initial Placement
Indonesian Rupiah (IDR)	Rp8,000,000
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

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

Limit

When opening or closing a Foreign Currency Time Deposit, the customer can deposit and withdraw Banknotes with a 1:1 condition (not subject to the applicable exchange rates or a deposit payment in the same currency) up to the following 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

*) A deposit payment made with foreign currency banknotes that are not in good physical condition and/or are in tiny denominations into a foreign currency account denominated in the same currency will be processed with a 1:1 condition, but the customer will be charged a 0.25% fee.
**) A non-USD currency may need to be in a certain denomination for the applicability the 1:1 condition.

Fees

Income tax withholding: 20% of the Time Deposit interest amount.
Penalty for premature liquidation:

Accrued interest for the relevant month will not be paid (ARO).
Accrued interest for the relevant period will not be paid (ARO+ and Non ARO).

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

Any Customer making a large cash withdrawal (≥ IDR100,000,000) needs to give their confirmation/notification to BCA 1 (one) day in advance. Without such prior confirmation/notification, the customer will be charged a fee of IDR100,000.
Any withdrawal of banknotes at a BCA Branch Office in excess of USD/SGD/CNH1,000 must be notified to BCA 1 (one) day in advance; otherwise, the customer will be charged a fee of IDR100,000.

TERMS AND CONDITIONS FOR TIME DEPOSIT
PT BANK CENTRAL ASIA Tbk (BCA)

A. DEFINITIONS

Time Deposit means a deposit that can only be withdrawn at the specified time as agreed upon between the Depositor and BCA.
Depositor means an individual or a non-individual entity, whether severally or jointly with another individual or another non-individual entity, that owns a Time Deposit at BCA.
Value Date means a date on which good funds are received by BCA from Depositor.
Interest Maturity Date means the date on which interest on the Time Deposit is paid by BCA.
Principal Maturity Date means the date on which all the principal amount of the Time Deposit is liquidated and paid to the Depositor.
Interest Day means the number of days for the calculation of the Time Deposit interest to be paid by BCA to the Depositor.

B. TERMS AND CONDITIONS FOR TIME DEPOSIT

The Time Deposit can only be paid back to the Depositor on the maturity date at the BCA branch office where the Time Deposit is opened.
The Depositor must immediately notify BCA of the Depositor’s change of name, address, signature, and other data of the Depositor.
The Depositor’s funds at BCA are guaranteed by the Indonesia Deposit Insurance Corporation (Lembaga Penjamin Simpanan, or “LPS”) to the extent of the maximum limit stipulated by the LPS.
The LPS does not guarantee any deposit with interest at the rate exceeding the maximum interest rate stipulated by the LPS.
If the Time Deposit is opened in the names of two or more Depositors (“Joint Time Deposit”), then
1. For a Time Deposit with the "OR" status, if one of the depositors passes away, the surviving depositor(s) or all of the legal heirs of the deceased depositor are entitled to liquidate and withdraw the principal amount of the Time Deposit as specified on the Time Deposit Certificate (Bilyet Deposito Berjangka) as well as the interest thereon on the maturity date.
2. For a Time Deposit with the "AND" status, if one of the depositors passes away, the surviving depositor(s) or all of the legal heirs of the deceased depositor are entitled to liquidate and withdraw the principal amount of the Time Deposit as specified on the Time Deposit Certificate (bilyet Deposito Berjangka) as well as the interest thereon on the maturity date.
3. The Depositor hereby agrees that the party with whom the Depositor opens Joint Time Deposit account may conduct non-financial transaction on Joint Time Deposit account through facilities provided by BCA. For such purpose, the Depositor hereby gives approval to BCA to provide access to the Joint Time Deposit account to the party with whom the Depositor opens the Joint Time Deposit account. For certain facility (-ies) provided by BCA, only the Depositor whose name appears first on the Time Deposit certificate (bilyet Deposito Berjangka) may conduct such non-financial transactions.
4. All actions taken by one or more depositors owning the Joint Time Deposit account are binding on all of the depositors, who jointly own the Joint Time Deposit account, and therefore each depositor is jointly and severally liable to BCA for all consequences that may arise.
The Depositor shall be responsible for all losses arising from any misuse of the Time Deposit certificate (bilyet Deposito).
If the Time Deposit certificate (bilyet Deposito) is lost or stolen, the Depositor must immediately report such loss or theft to BCA and provide BCA with a Police report on the loss. Subsequently, BCA will block and render invalid the lost Time Deposit certificate (bilyet Deposito) and issue a new Time Deposit certificate (bilyet Deposito) for the Depositor as a replacement.
The Time Deposit interest is paid on the Interest Maturity Date or the Principal Maturity Date. Interest is calculated from the Value Date until the maturity date with the number of Interest Days in accordance with the applicable provisions.
If the Depositor opens a Time Deposit account with an Automatic Roll Over (ARO) feature and for some reason the interest cannot be credited to the account designated by the Depositor for payment of the Time Deposit interest, among others, because the account is closed or blocked, the Depositor hereby authorizes BCA to liquidate the Time Deposit and place all the proceeds of the liquidation back into the existing Time Deposit account with an ARO + Interest feature. All consequences arising from the change of the Time Deposit feature shall be the full responsibility of the Depositor, and the Depositor hereby holds BCA harmless from all claims, lawsuits, and/or other legal proceedings of any kind.
The Time Deposit cannot be liquidated on the Placement Date of the Time Deposit.
The Time Deposit is non-transferable. Liquidation of the Time Deposit and the interest thereon can only be done by the Depositor or otherwise by his/her attorney-in-fact under a legally valid power of attorney, affixed with due fiscal stamp, in accordance with the provisions applicable at BCA, which will be notified by BCA in any form and by any means in accordance with the prevailing law. In the event of the Depositor’s death, the principal amount of the Time Deposit as specified on the Time Deposit Certificate (bilyet Deposito Berjangka) as well as the interest thereon will be paid to all the rightful beneficiaries of the deceased Depositor after the deceased Depositor’s beneficiaries provide BCA with the documentation of heirship as required by BCA.
The Time Deposit can be automatically rolled over at the request of the Depositor at the interest rate applicable at the time of the rollover. If the Depositor intends to liquidate or modify the Time Deposit, the Depositor must inform such intention to the BCA branch office issuing the Time Deposit certificate (bilyet Deposito Berjangka) no later than 3 (three) business days prior to the Maturity Date Principal.
Interest on the Time Deposit will cease to accrue after the Principal Maturity Date, unless it is rolled over or otherwise the Time Deposit is opened with the ARO/ARO + Interest condition.
The Depositor authorizes BCA to provide the Depositor‘s data to any party other than BCA that has entered into a cooperation with BCA, for promotional activities or other commercial purposes.
The Depositor authorizes BCA, either now or after the Depositor is no longer a BCA Customer, to offer BCA's products/services and products/services of other parties having entered into a cooperation with BCA via personal communication means
As long as the Depositor (including any one or more depositors jointly owning the joint Time Deposit) still has outstanding debts of any nature to BCA under any credit facility, L/C, bank guarantee or guarantee provided by the Depositor (borgtocht), interest, facility fee (provisi), Cheque/Bilyet Giro book charges, stamp duty, draft, letter of acceptance or other commercial papers signed by the Depositor as an acceptor, endorser, or drawer, guarantor or as a consequence of the use of a credit card or any other fees or obligations arising from anything whatsoever, BCA is entitled, and to the extent necessary is hereby authorized by the Depositor to debit the Depositor’s account and apply the proceeds to repay any amounts at any time owing to BCA. Any consequences arising from the debiting of the account under the power granted by the Depositor shall be the sole responsibility of the Depositor.
The Depositor must not use the Time Deposit account to hold funds from any transactions or businesses that are prohibited by and/or contrary to applicable law, including but not limited to money laundering, terrorism financing, funding the proliferation of weapons of mass destruction, illegal investments, fraud, gambling, narcotics, and other criminal acts.
The Depositor must not use the funds in the Time Deposit account to conduct any transactions or businesses that are prohibited by and/or contrary to applicable law, including but not limited to money laundering, terrorism financing, funding the proliferation of weapons of mass destruction, illegal investments, fraud, gambling, narcotics, and other criminal acts.
BCA reserves the right to block the Time Deposit, reject any transaction involving the Time Deposit, and/or terminate the business relationship with the Depositor if:
1. the Depositor fails to comply with the prevailing law;
2. the Depositor fails to provide any information and supporting documents in accordance with the prevailing law;
3. the Depositor is known to have used and/or reasonably suspected of using false documents and/or providing incorrect data to BCA;
4. the Depositor provides questionable information; and/or
5. the Depositor’s source of transaction funds is known to emanate from and/or reasonably suspected of emanating from a crime.
The data concerning the Time Deposit at BCA will be held and stored by BCA in accordance with the prevailing law.
By opening the Time Deposit, the Depositor is bound by and agrees to these Terms and Conditions for BCA Time Deposit. BCA may at any time amend these Terms and Conditions for BCA Time Deposit, and such amendment will be notified by BCA in any form and by any means in accordance with the prevailing law.

C. SPECIAL PROVISIONS FOR FOREIGN-CURRENCY TIME DEPOSITS

Interest payment on the BCA Foreign-Currency Time Deposit will be automatically paid into a Savings/Current account or transferred to another bank as agreed upon between the Depositor and BCA, using BCA’s Telegraphic Transfer (TT) Buying Rate as of 1 (one) business day prior to the Interest Maturity Date.
Liquidation of the principal and payment of the interest (either in cash or by transfer), the funds will be converted using BCA’s TT Buying Rate applicable at the time of the liquidation, unless the funds are credited into a Foreign Currency Current account at BCA or a BCA Dollar account in the same currency received in the ratio of 1:1.
BCA has the right to determine the maximum amount for liquidation of a Foreign-Currency Time Deposit in the form of banknotes, which will be notified by BCA in any form and by any means in accordance with applicable law. BCA has the right to charge a fee if the liquidation of the Foreign-Currency Time Deposit in the form of banknotes exceeds the maximum limit determined by BCA.

D. LANGUAGE

These Terms and Conditions for Time Deposit BCA are made and signed in 2 (two) versions of languages, namely Indonesian and English. In the event that there is a discrepancy in interpretation between the versions of Indonesian and English, then the version of Indonesian language shall prevail.

These Terms and Conditions for Time Deposit of PT BANK CENTRAL ASIA Tbk have been adjusted to ensure compliance with the prevailing laws and regulations including Regulations of the Financial Services Authority

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Time Deposit

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Ease of Liquidation