Jakarta, Nov. 3 -- Chairman of the Indonesia Deposit Insurance Corporation (LPS) Board of Commissioners, Anggito Abimanyu, has called on banks to lower their deposit interest rates, which continue to exceed the official Deposit Insurance Rate (TBP).

Speaking at a press conference of the Financial System Stability Committee (KSSK) in Jakarta on Monday, Anggito noted that despite several downward adjustments to the TBP, average deposit rates in the banking sector remain elevated.

As of September 2025, LPS reduced the TBP by 25 basis points-from 3.75 percent to 3.50 percent-for rupiah deposits in commercial banks. However, the share of customers receiving deposit rates above the TBP has surged from 13 percent in 2022 to 32 percent in Septe...