The contents of the Indonesian Student Savings Account reached Rp. 30.31 trillion

JAKARTA - The Chief Executive of the Banking Supervisory Authority of the Financial Services Authority (OJK) Dian Ediana Rae revealed that the number of student accounts has reached 59.03 million with a total nominal of Rp. 30.31 trillion as of February 2026.

Dian said the trend of student savings continued to show an increase. The number of accounts increased by 1,040,035 accounts (1.79 percent) compared to the same period last year.

Until now, student savings have contributed 0.97 percent to the total banking savings fund which reached Rp. 3,115.62 trillion.

"In the future, OJK considers that the trend of student savings growth will remain positive, supported by the strengthening of financial literacy and inclusion among students as well as the expansion of the implementation of the One Student Account (KEJAR) program initiated together with related ministries/institutions and local governments," said Dian as quoted by ANTARA, April 24.

He said the provision of Eid Bonus (THR) to children on the Eid moment was an opportunity to encourage the culture of saving from an early age.

The momentum of Eid al-Fitr, which is synonymous with the disbursement of THR, generally provides a seasonal boost to banking liquidity, especially in third-party funds (DPK) and savings components.

Until February 2026, the performance of the banking industry DPK showed a fairly strong acceleration, with growth of 13.86 percent year on year (yoy), significantly increased compared to the same period last year of 5.75 percent (yoy).

In terms of components, savings also recorded a relatively good growth of 8.12 percent (yoy) in February 2026, up from 7.21 percent (yoy) in February 2025.

OJK considers the trend of DPK collection to remain in a positive growth track, albeit at a more moderate pace in line with the normalization process after the acceleration in the previous period.

This dynamic is also influenced by the increasing alternative placement of community funds in other investment instruments amid the trend of declining bank interest rates.

Thus, said Dian, the structure of the DPK in the future will remain healthy and balanced, so that banks have adequate room to maintain liquidity while supporting the function of intermediation in a sustainable manner.

"OJK will also continue to encourage an increase in the number of student savings accounts and nominal savings as well as DPK overall. By the end of 2026, both growth are expected to continue to increase in line with the stability of the financial services sector and national economic growth," concluded Dian.