It was founded on 24 January 1828 and later became the bank of issue of the Dutch East Indies.

By 1930 the bank owned sixteen office branches in the Dutch East Indies: Bandung, Cirebon, Semarang, Yogyakarta, Surakarta, Surabaya, Malang, Kediri, Banda Aceh, Medan, Padang, Palembang, Banjarmasin, Pontianak, Makassar, and Manado.

The Board of Governors Meeting is the bank's highest decision-making forum.

It hosted AFI's second annual Global Policy Forum (GPF) in Bali, Indonesia in 2010.

[6] On 14 May 2012 Bank Indonesia announced it would be making specific commitments to financial inclusion under the Maya Declaration.

[citation needed] By 30 December 2013, the bank's microprudential supervision functions will be transferred to Financial Services Authority (OJK).

It was partly based on the instruction and command of the President in the limited meeting of economic, finance, and development supervision and production and distribution on 3 September 1997.

The platform, which is expected to go live by 2026, will interlink domestic fast payment systems of the member countries.