OJK Records 59.03 Million Student Accounts, Total Value Exceeds Rp30.31 Trillion

Looking ahead, OJK views the trend in student savings growth as remaining positive, supported by strengthened financial literacy and inclusion among students as well as the expansion of the One Account One Student (KEJAR) programme implementation.

Jakarta (ANTARA) - The Executive Head of Banking Supervision at the Financial Services Authority (OJK), Dian Ediana Rae, revealed that the number of student accounts has reached 59.03 million with a total value of Rp30.31 trillion as of February 2026.

Dian, in a written response in Jakarta on Friday, stated that the trend in student savings continues to show an increase. The number of accounts grew by 1,040,035 accounts (1.79%) compared to the same period the previous year.

As of now, student savings contribute 0.97% to the total banking savings funds, which amount to Rp3,115.62 trillion.

“Looking ahead, OJK views the trend in student savings growth as remaining positive, supported by strengthened financial literacy and inclusion among students as well as the expansion of the One Account One Student (KEJAR) programme implementation, initiated jointly with relevant ministries/institutions and local governments,” said Dian.

The Eid al-Fitr momentum, typically associated with the disbursement of general holiday allowances, generally provides a seasonal boost to banking liquidity, particularly in third-party funds (DPK) and the savings component.

As of February 2026, the performance of the banking industry’s DPK shows fairly strong acceleration, with year-on-year (yoy) growth reaching 13.86%, a significant increase from 5.75% (yoy) in the same period the previous year.

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

This dynamic is also influenced by the increasing alternatives for public fund placement in other investment instruments amid the trend of declining banking interest rates.

Thus, said Dian, the DPK structure going forward will remain healthy and balanced, allowing banks adequate room to maintain liquidity while supporting sustainable intermediation functions.

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