OJK Records Student Savings Reaching Rp29.13 Trillion in the First Quarter of 2026

Financial Services Authority or OJK (ANTARA)

JAKARTA - The Financial Services Authority (OJK) recorded student savings reaching IDR 29.13 trillion in the first quarter of 2026 with 59.03 million accounts.

The Chief Executive of the Financial Services, Education, and Consumer Protection Act Enforcement Behavior Supervisor, Dicky Kartikoyono, said that the achievement of student savings until the first quarter of 2026 showed positive progress in increasing financial inclusion in Indonesia. It is also in line with the One Student Account (Kejar) program which has reached 88.36 percent.

"In terms of trends, the number of student accounts also continues to show an increase, growing by 1.25 percent year on year (yoy)," said Dicky in a written answer from the OJK, quoted by Antara, Sunday, May 24.

The increase in the number of student savings, said Dicky, indicates the wider access and participation of students in the formal financial system. In terms of nominal savings, OJK acknowledges that there are indeed fluctuations in the short term, but in general still shows a positive trend and is in line with the characteristics of dynamic student savings.

Without detailing specifics, Dicky said that the contribution of student savings to the total Third Party Fund (DPK) of banks is still relatively limited. However, he emphasized that student savings have a strategic value in expanding the banking customer base in the future while building a culture of saving from an early age.

"OJK is optimistic that this positive trend will continue until the end of 2026, supported by the strengthening of the Catch-up Program, the improvement of financial literacy and inclusion, and synergy with various stakeholders," he said.

With the Kejar program, said Dicky, it is hoped that the habit of saving can be further embedded in students from an early age. In the future, Dicky explained, the focus of strengthening will be directed at expanding access, increasing the use of more active accounts, and strengthening financial education for students, so that it can encourage more sustainable growth both in terms of the number of accounts and the nominal savings.

The Kejar program is an OJK initiative launched in 2020 as part of a series of activities for Indonesian Savings Day to increase financial literacy and inclusion among students. This program aims to ensure that every student in Indonesia has a savings account that can be used to save and learn to manage finances early.