Support Financial Inclusion In The Young Generation, Bank Mandiri Boosts The 'One Account One Student' Program

JAKARTA - As a development agent, Bank Mandiri continues to be committed to supporting the acceleration of financial inclusion among the younger generation. Through various innovations and educational programs, Bank Mandiri seeks to expand public access, especially students, to easy and safe banking services.

As a result, since the beginning of 2024, more than 93 thousand students and 32 thousand students receiving social assistance throughout Indonesia have received financial education and socialization from Bank Mandiri, both in public schools, religious-based schools, and extraordinary schools (SLB). At the peak of the commemoration of Saving Indonesia Day (HIM) which falls on August 20, 2024, Bank Mandiri reiterated its role in increasing financial literacy among students by educating more than 24 thousand students across the country.

Bank Mandiri SVP Retail Deposit Product and Solution Evi Dempowati explained that this program is not only aimed at instilling a culture of saving from an early age, but also to introduce students to the concept of good financial management. Evi emphasized that this initiative was part of Bank Mandiri's efforts to support the One Account One Student Program (KEJAR) which was initiated by the Financial Services Authority (OJK).

"Through the KEJAR Program, we hope to encourage the culture of saving as part of a healthy and profitable habit for the future of the younger generation. We believe that by introducing the concept of saving and managing finances from an early age, we can create a more inclusive and wise generation in terms of finance," said Evi in his official statement, Tuesday, August 20.

The KEJAR program is a form of implementation of Presidential Decree (Keppres) Number 26 of 2019 concerning Saving Indonesian Day, with the aim of growing a culture of saving from an early age. Through the KEJAR Program, the level of financial inclusion is expected to reach 87% in 2024 according to the target of the Regulator. Through a series of initiatives and activities that have been carried out by Bank Mandiri throughout 2024, recorded until July 2024 the number of Independent Student Savings Accounts (SimPel) has reached more than 2.4 million accounts with an increase of more than 85 thousand accounts since December 2023.

"The increase in more than 85 thousand accounts compared to the position in December 2023 occurred in all operational areas of Bank Mandiri, especially in Sulawesi, Maluku and East Java," he added. EVi added, in order to welcome Indonesia's Day Saving 2024, Bank Mandiri also held several initiatives ranging from massive opening of student accounts, supporting activities for the KEJAR Program, as well as Bank Goes to School activities with targets for public schools, religious-based schools, and extraordinary schools (SLB).

This program has been greeted with great enthusiasm by students and teachers. As a result, more than 14 thousand accounts of Independent Student Savings Savings (SimPel) and 25 thousand other Child Savings accounts were successfully opened during the educational and socialization period from July to August 8, 2024. Independent SimPel Savings is a savings product of Bank Mandiri specifically intended for Indonesian students who are published nationally in the context of education and financial inclusion to encourage the culture of saving early on. By opening an Independent account of SimPel Savings, students will get various benefits ranging from small initial deposits, free monthly administrative costs, to easy transactions at Mandiri ATMs.

"With the Independent SimPel Savings, we hope that more students can benefit from saving and become more prepared to face financial challenges in the future," concluded Evi.