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🇮🇩 Indonesia /Economy & Trade

LPS Identifies Three Reasons Deposit-Guarantee Literacy Remains Low

From Republika · () Indonesian

Translated from Indonesian and summarized by DistantNews. Read the original for the full story.

At a glance

News Named sources Ongoing story
  • Indonesia’s Deposit Insurance Corporation identified uneven education, limited public concern and its own restricted reach as reasons deposit-guarantee literacy remains low.
  • Lampung’s literacy rate stood at 58.8%, below the national rate of 62.5%, while national awareness of the institution reached 46.3%.
  • The agency is targeting Lampung with an education program and plans a follow-up survey about one week later.

Indonesia’s Deposit Insurance Corporation says three problems continue to hold back public understanding of bank-deposit protection: education does not reach people evenly, many remain indifferent, and the agency itself has limited reach.

LPS Chairman Anggito Abimanyu said the problems emerged from literacy mapping across several regions. Lampung recorded a deposit-guarantee literacy rate of 58.8%, below the national average of 62.5%.

The figures also show a gap between understanding the guarantee system and knowing the institution responsible for it. National knowledge of LPS stood at 46.3%, while deposit-guarantee literacy reached 62.5%.

Education is not evenly distributed. Second, many people are not concerned about the guarantee. And third, of course, our own reach is limited.

· Anggito AbimanyuThe LPS chairman described the three obstacles to public understanding of deposit guarantees.

Abimanyu said low literacy means people do not fully understand how their bank savings are protected, including how much money qualifies for coverage and which types of deposits fall within the guarantee. LPS currently operates only three offices, in Medan, Makassar and Surabaya, limiting its ability to expand public education.

The agency selected Lampung for additional outreach through the 2026 Lampung Financial Festival. An independent institution will conduct a follow-up survey about a week after the event to measure its effect. “We hope Lampung’s rating can rise,” Abimanyu said.

We hope Lampung’s rating can rise.

· Anggito AbimanyuAbimanyu discussed the expected result of the Lampung education program.
About this summary

Originally published by Republika in Indonesian. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.

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