LPS Mencuri Bunga Penjaminan 25 Bps, Valaksi Mulai 1 Oktober 2022 Sampai 31 Januari 2023

Photo: Doc. Antara

JAKARTA - The Deposit Insurance Corporation (LPS) has raised the deposit interest rate (TBP) by 25 basis points (bps), both for public banks and people's credit banks (BPR). The figure is 3.75 percent in public banks and 6.25 percent in BPR.

Meanwhile, foreign exchange in public banks rose 50 bps to 0.75 percent.

"The LPS Board of Commissioners Meeting has determined to increase the level of guarantee interest for rupiah deposits in public banks and BPRs by 25 basis points," said LPS Board of Commissioners Purbaya Yudhi Sadewa in a virtual press conference in Jakarta, Tuesday, September 27.

He further added that the TBP will apply for the period from October 1, 2022 to January 31, 2023.

Based on LPS Regulation Number 1 of 2018, LPS regularly stipulates TBP three times a year, namely in January, May, and September, unless there is a change in economic conditions and significant developments.

"Thus, if in terms of the results of the evaluation of the development of economic and banking conditions, it shows that there is a faster and significant change in the impact on determining the TBP, LPS can make changes outside of the regular period," continued Purbaya.

In accordance with LPS provisions, if the deposit interest rate agreed between the bank and the storage customer exceeds the deposit interest rate, then the customer's deposit is not guaranteed.

"In this regard, banks are required to notify save customers about the applicable deposit Guarantee Level and the maximum value of deposits guaranteed by LPS by placing the information in place that is easily known by storage customers," he said.

In line with the aim of protecting customers and expanding guarantee coverage, LPS urges banks to pay more attention to the provision of deposit guarantee interest rates in the context of raising funds.

"If banks don't explain, we will call and announce it," he concluded.