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Business 8 years ago
LPS raises deposit insurance rate
The Deposit Insurance Corporation (LPS) on Wednesday announced the increase of its deposit insurance rates for both rupiah and foreign exchange-denomination savings as banks have started to raise their deposit rates in response to Bank Indonesia’s (BI) recent interest rate hike.
Business 8 years ago
Deposit insurance maintains guaranteed interest rates
The Indonesia Deposit Insurance Corporation (IDIC) is maintaining its guaranteed interest rates — 5.75 percent for rupiah deposits in banks, 0.75 percent for foreign exchange deposits and 8.25 percent for rupiah deposited in microcredit banks.
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