And the circular Lembaga Penjamin Simpanan (LPS) PENG-5/DSPS/2023 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 $)
|
|
4.25%
|
2.25%
|
- The guarantee interest rate is valid for the period March, 1st 2023 to May, 31st, 2023;
- The agreed deposit interest rate between the bank and the depositing customer exceeds the fair interest rate, so customer deposits are not guaranteed;
- Banks are required to notify and or inform customers regarding the fair interest rate;
- Banks are required to place announcements in all Bank offices that can be easily identified by the depositing customer regarding the interest rate deemed reasonable as determined by LPS
|
