LPS (Lembaga Penjamin Simpanan) or Indonesia's Deposit Insurance Corporation is an independent institution that provides insurance to savers/depositors in the banking industry. LPS provides Blanket Guarantee in order to maintain customers trust towards the financial system and the banking world.  

LPS Rate is determined to stabilize the National monetary state. LPS Rate is calculated based on the Central Bank (Bank Indonesia) rate and the average of deposit rates provided by the banking industry. 

According to the LPS Website, saving product types that will be insured by LPS are saving accounts, term deposits, certificate of deposits, and checking accounts. The maximum nominal per client that will be insured in a particular institution is Rp 2.000.000.000,-.