1. About LPS
LPS or Indonesia Deposit Insurance Corporation (IDIC) is an independent institution whose function is to guarantee the deposits of banking customers in Indonesia. This agency was formed based on the Law of the Republic of Indonesia Number 24 of 2004 concerning Deposit Insurance Institutions which was stipulated on September 22, 2004. This law became effective 12 months after its promulgation, so that the establishment and operations of LPS began on September 22, 2005. LPS has the status of an entity law and is responsible to the President of the Republic of Indonesia. Every Bank that carries out business activities in the territory of the Republic of Indonesia is required to become a participant in the LPS guarantor, including PT Bank Neo Commerce Tbk.

2. LPS Program
Deposits guaranteed by LPS include current accounts, deposits, savings, and/or other equivalent forms.

3. LPS Information on Interest Rates and Maximum Amount of LPS Deposits

• The maximum reasonable interest rate for LPS guarantees during the period 1 June 2024 to 30 September 2024 for Commercial Bank Guarantees is 4.25% (Rupiah).
• The maximum amount of deposit insured by LPS is Rp2 billion per clients per Bank

For more information, please visit www.lps.go.id.