Ramadan: LPS Makassar Promotes Financial Literacy While Supporting Orphaned Children

Amid the Indonesian Deposit Insurance Corporation’s (LPS) busy schedule maintaining the stability of the national financial system, the organisation has not forgotten to reach out to the community and orphaned children, embracing the spirit of sharing during Ramadan 1447 H.

The LPS Regional Office III in Makassar held a joint breaking-of-fast event whilst integrating important education on financial literacy for 100 orphaned and disadvantaged children in Makassar City on Tuesday, 10 March.

Held at the LPS Regional Office III, Graha Pena Building, 17th Floor, Urip Sumoharjo Street, the activity, which collaborated with LAZNAS Yatim Mandiri Makassar, demonstrates that financial education can be packaged within a warm spirit of togetherness.

The beneficiaries not only received assistance and school supply packages, but also gained an understanding of the importance of saving at banks from an early age.

Fuad Zaen, Head of the LPS Regional Office III, emphasised that Ramadan is an appropriate time for the institution to engage with the community. He wished to ensure that the public, including young people, understood their rights as bank customers.

“Behind this social activity, we want to instil awareness about the importance of financial literacy. The public must know that their savings at banks are secure because they are guaranteed by the LPS. This is our way of showing care so that people increasingly trust and feel comfortable saving at banks,” said Fuad.

He briefly explained the role of the LPS, which guarantees customer deposits up to Rp 2 billion per customer per bank, under easily remembered conditions known as 3T: Recorded in the bank’s books, the deposit interest rate is reasonable or does not exceed the LPS guarantee rate, and Does not harm the bank.

Using a fluid and humanistic approach, the LPS hopes that these financial literacy messages can be more easily understood and remembered by the public.

The activity also serves as a reminder that the LPS’s role extends beyond office work, but also presents itself to the community to provide a sense of security and inspiration.

“We want the presence of the LPS to be felt not just when problems arise, but also in the daily lives of communities in meaningful ways. We hope this activity inspires many others to share, whilst continuing to improve the financial knowledge of society,” concluded Fuad.