OJK Reveals 59 Million Indonesian Students Have A Capai Savings Of IDR 32 Trillion

Chairman of the Board of Commissioners of the Financial Services Authority (OJK) Mahendra Siregar. (Photo: Aris Nurjani/VOI)

JAKARTA - Chairman of the Board of Commissioners of the Financial Services Authority (OJK) Mahendra Siregar revealed that the value of student deposits or savings owned by school-age children has now reached more than Rp32 trillion.

"If I may say, maybe the younger siblings are not aware that students' savings are actually savings, namely savings given to school-age children, that's at this time as if they cannot be trusted, it has reached more than Rp32 trillion in value," Mahendra said at the Leading Indonesian Financial Literacy Association (Like It), Thursday, August 14.

He also added that this number was collected from nearly 59 million student savings owners, namely students throughout Indonesia.

"Rp32 trillion was indeed able to be collected because there were almost 59 million owners of savings or student savings. So 59 million Indonesian children already have savings, and of course including younger siblings here and if you look at the amount of Rp32 trillion, I think everything has its contents, although of course the value is not the same," he said.

Mahendra said that the funds in savings were used for various national development sectors, such as encouraging economic growth, creating jobs, and supporting the financing of micro, small and medium enterprises (MSMEs).

"So what the younger siblings contributed in the form of savings, then in turn gave added value and a big contribution to this nation," he concluded.