LPS Reveals Three Causes for Low Deposit Guarantee Literacy
The Indonesia Deposit Insurance Corporation (LPS) has revealed three issues contributing to the low level of public literacy regarding deposit guarantees. These issues include uneven education, a lack of public concern regarding guarantees, and the limited reach of the LPS.
LPS Chairman of the Board of Commissioners, Anggito Abimanyu, stated that these problems are reflected in literacy mapping results across various regions. Lampung is one of the areas currently performing below the national average, with a deposit guarantee literacy rate of 58.8 per cent, compared to the national average of 62.5 per cent.
“Indeed, education is not evenly distributed. Secondly, many people are indifferent to the guarantees. Thirdly, we ourselves have limited reach,” said Anggito during a press conference at the Lampung Financial Festival (Lampung Finfest) 2026 in Bandar Lampung on Friday night (4/9/2026).
According to Anggito, low literacy means the public does not yet fully understand the protection available for funds stored in banks. The public needs to know the maximum amount of deposits covered and which types of deposits fall within the scope of the guarantee.
Nationally, public knowledge regarding the LPS has only reached 46.3 per cent. This indicates a gap compared to the deposit guarantee literacy rate, which has reached 62.5 per cent.
Anggito noted that limited reach is one of the obstacles for the LPS in expanding education. Currently, the LPS only operates three offices, located in Medan, Makassar, and Surabaya.
Consequently, the LPS is conducting mapping to determine which regions require literacy reinforcement. Lampung has become one of the primary targets for education through the Lampung Finfest 2026.
Following the event, the LPS will conduct a follow-up survey approximately one week later, involving an independent institution to measure the programme’s impact on public literacy.
“We hope that Lampung’s rating can increase,” Anggito concluded.