LPS & BI Rate

And the circular Lembaga Penjamin Simpanan (LPS) No. 13 Tahun 2018 dated 10 September 2018 regarding Determination of Reasonable Interest Rate for Deposits in commercial banks, it is hereby notified as follows:

BANK
EXPLANATION
MAXIMUM INTEREST RATE GUARANTEE (Rupiah)
MAXIMUM INTEREST RATE GUARANTEE (US $)
6.50 %
2.00 %
  1. Reasonable interest rate savings apply to 13 Septermber 2018 until 12 Januari 2019
  2. Deposit interest rate as agreed between the bank and its customers storage exceeds a reasonable level, then it becomes not guaranteed customer deposits;
  3. anks are required to notify or inform customers about the proper interest rate
  4. Banks are required to post notices on all Bank Office which can be determined easily by storage customers regarding interest rate deemed reasonable set of LPS.