1. About LPS
LPS or Indonesia Deposit Insurance Corporation (IDIC) is an independent institution whose function is to guarantee the deposits of banking customers in Indonesia. This agency was formed based on the Law of the Republic of Indonesia Number 24 of 2004 concerning Deposit Insurance Institutions which was stipulated on September 22, 2004. This law became effective 12 months after its promulgation, so that the establishment and operations of LPS began on September 22, 2005. LPS has the status of an entity law and is responsible to the President of the Republic of Indonesia. Every Bank that carries out business activities in the territory of the Republic of Indonesia is required to become a participant in the LPS guarantor, including PT Bank Neo Commerce Tbk.

2. LPS Program
Deposits guaranteed by LPS include current accounts, deposits, savings, and/or other equivalent forms.

3. The information of maximum deposit amount and interest rate that guaranteed by LPS are as follow:

• The maximum deposit amount guaranteed by the Indonesia Deposit Insurance Corporation (LPS) per Customer per Bank is IDR 2,000,000,000 (two billion Rupiah).
• Information on the LPS guaranteed interest rates can be accessed through the official LPS page at https://apps.lps.go.id/BankPesertaLPSRate.
• If the deposit interest rate offered by the Bank exceeds the guaranteed interest rate set by LPS, such deposits will not be covered by the LPS guarantee program, as published on the official LPS website at www.lps.go.id.
• The amount of deposits and interest rates guaranteed by LPS are subject to change in accordance with future regulations issued by LPS.

For more information, please visit www.lps.go.id.