OJK Reports Student Savings Reach 29.13 Trillion Rupiah in First Quarter 2026
The Financial Services Authority (OJK) has recorded student savings deposits reaching 29.13 trillion rupiah in the first quarter of 2026 across 59.03 million accounts.
Dicky Kartikoyono, Head of the Executive Office for Supervision of Conduct, Education, and Consumer Protection of Financial Services Practitioners, stated that the achievement of student savings through Q1 2026 demonstrates positive developments in advancing financial inclusion across Indonesia. This progress aligns with the “One Account One Student” (Kejar) programme, which has achieved 88.36 per cent coverage.
“In terms of trends, the number of student accounts continues to show growth, increasing by 1.25 per cent year-on-year,” Dicky said in a written response from OJK in Jakarta on Sunday, 24 May 2026.
The increase in student savings volumes, according to Dicky, indicates growing access and participation by students within the formal financial system. Regarding the nominal deposit value, OJK acknowledged that short-term fluctuations do occur; however, the overall trend remains positive and consistent with the dynamic characteristics of student savings behaviour.
Without specifying details, Dicky noted that student savings contributions to total third-party funds (DPK) in the banking sector remain relatively limited. However, he emphasised that student savings hold strategic value in expanding the banking sector’s customer base in future years whilst fostering a savings culture from an early age.
“OJK is optimistic that this positive trend will continue through the end of 2026, supported by strengthening the Kejar programme, enhancing financial literacy and inclusion, and fostering synergies with various stakeholders,” he stated.
Through the Kejar programme, Dicky explained, savings habits are expected to become increasingly embedded among students from an early age. Looking ahead, he noted, strengthening efforts will focus on expanding access, increasing active account usage, and reinforcing financial education for students, thereby driving more sustainable growth in both the number of accounts and deposit volumes.
The Kejar programme is an OJK initiative launched in 2020 as part of the Indonesian Savings Day activities aimed at promoting financial literacy and inclusion among students. The programme seeks to ensure every student in Indonesia has a savings account that can be used to save and learn financial management from an early age.