Indonesian Banking Giants Adjust Deposit Rates in December 2025

Overview of Rate Changes

Major Indonesian banks have made significant adjustments to their deposit interest rates in December 2025. These changes come as a response to Bank Indonesia's monetary policy decisions and reflect the ongoing dynamics in Indonesia's banking sector. The adjustments vary across different banks and deposit tenors, indicating a nuanced approach to managing liquidity and attracting deposits.

Bank-by-Bank Analysis

BCA (Bank Central Asia)

BCA made notable changes to its deposit interest rates effective from October 1, 2025. The bank reduced interest rates by 15 basis points for deposits between Rp2 billion and Rp5 billion, and by 25 basis points for deposits above Rp5 billion for the 1-month tenor. The new rates stand at 3.00% per annum for both categories. This adjustment reflects BCA's strategy to manage its liquidity in response to changing market conditions.

Bank Mandiri

Bank Mandiri maintained its deposit interest rates in the range of 2.25%-2.50% across various tenors. The bank offers a minimum opening deposit of Rp10 million for branch transactions and Rp1 million for online transactions through Livin' by Mandiri. The rates are structured based on deposit amounts and tenors, with the highest rate at 2.50% for 6, 12, and 24-month tenors.

BRI (Bank Rakyat Indonesia)

BRI continued to offer competitive deposit rates ranging from 3.00% to 3.50% since September 2025. The bank's highest deposit rate of 3.50% is offered for the 3-month tenor across various deposit amounts. BRI maintains a minimum opening deposit requirement of Rp10 million for branch transactions and Rp5 million for internet banking transactions.

BNI (Bank Negara Indonesia)

BNI made adjustments to its deposit rates effective from November 5, 2025. The bank reduced interest rates by 5 basis points for 12 and 24-month tenors across all deposit amounts. The new rates for these tenors now stand at 2.50% per annum. This adjustment reflects BNI's response to the evolving interest rate environment and its efforts to remain competitive in the market.

Market Context and Implications

The adjustments in deposit interest rates by these major banks are largely influenced by Bank Indonesia's monetary policy stance. In its November 2025 meeting, Bank Indonesia maintained the BI-Rate at 4.75%, with the Deposit Facility rate at 3.75% and the Lending Facility rate at 5.50%. Governor Perry Warjiyo noted that the decline in bank interest rates has been slower than expected, despite monetary easing and government measures to boost liquidity.

The slow transmission of monetary policy to bank lending and deposit rates highlights the complexities in Indonesia's financial sector. While banks continue to adjust their rates, the overall trend reflects a cautious approach to interest rate changes in the face of economic uncertainties.

Conclusion

The deposit rate adjustments by BCA, Bank Mandiri, BRI, and BNI in December 2025 demonstrate the banks' responses to the current monetary policy environment and market conditions. These changes reflect a mix of strategies aimed at managing liquidity, attracting deposits, and navigating the challenges in the Indonesian banking sector.