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🇮🇩 Indonesia /Economy & Trade

Indonesia: 62.51% Aware of Bank Deposit Guarantees, LPS Recognition Low

From Republika · () Indonesian

Translated from Indonesian, summarized and contextualized by DistantNews.

At a glance

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  • A 2026 survey found 62.51% of Indonesians know their bank deposits are guaranteed, but only 46.31% recognize the Deposit Insurance Corporation (LPS).
  • Awareness of insurance policy guarantees is even lower, with only 12.47% of those with non-BPJS policies knowing they are covered.
  • LPS plans to focus educational efforts on lower-income and less educated groups, using simpler language and broader outreach channels.

A 2026 National Financial Literacy and Inclusion Survey (SNLIK) reveals that while a majority of Indonesians (62.51%) are aware that their bank deposits are guaranteed, recognition of the Deposit Insurance Corporation (LPS) as the guaranteeing institution remains low. Only 46.31% of those aware of deposit guarantees could identify LPS or its logo.

The survey, which involved LPS for the first time, also highlighted a significant gap in public understanding of insurance policy guarantees. Merely 12.47% of individuals aged 15-79 with insurance policies outside of the national health insurance (BPJS) knew that their policies were guaranteed.

62.51 percent of the population aged 15-79 years already know that their savings are guaranteed. Then, of that group, 46.31 percent know LPS.

— Amalia Adininggar WidyasantiPresenting the survey results on public awareness of deposit guarantees and LPS.

LPS Chairman Anggito Abimanyu described these findings as crucial for targeting educational initiatives. The data indicates that financial literacy is unevenly distributed across different societal groups, with the greatest need for reinforcement among those with high school education or less, monthly incomes below Rp3.5 million, and savings below Rp100 million.

In response, LPS intends to concentrate its educational outreach on these demographics. Strategies will include using everyday language, short videos, and infographics, and expanding educational activities beyond traditional banking offices to markets, cooperatives, and rural credit banks. For women and the elderly in rural areas, face-to-face approaches will be employed. Information for those with less than Rp100 million in savings will be integrated into various customer touchpoints with banks, such as account opening, mobile banking apps, and ATM screens.

LPS will focus more on groups or communities with high school education and below. If we want to socialize, we target those with high school education and below. We create literacy, we create festivals. They are the users or account owners who need to be educated.

— Anggito AbimanyuExplaining LPS's strategy to target educational efforts.
DistantNews Editorial

Originally published by Republika in Indonesian. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

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