OJK: Student Savings Reach IDR 29.13 Trillion in Q1 2026

The Financial Services Authority (OJK) has recorded student savings deposits reaching IDR 29.13 trillion in the first quarter of 2026, with a total of 59.03 million accounts. Dicky Kartikoyono, Executive Head of Supervision of Financial Services Business Conduct, Education and Consumer Protection at OJK, stated that this achievement demonstrated positive progress in enhancing financial inclusion in Indonesia.

According to Dicky, the achievement was also in line with the implementation of the One Account One Student (Kejar) programme, which has achieved 88.36 per cent completion.

“In terms of trends, the number of student accounts continues to show growth, increasing by 1.25 per cent annually on a year-on-year basis,” Dicky said in a written response in Jakarta on Sunday.

Dicky stated that the increase in student savings numbers demonstrated the ever-widening access and participation of students within the formal financial system.

In terms of the nominal value of savings, OJK acknowledged that there are short-term fluctuations. However, overall, the trend in student savings was considered to remain positive and in line with the characteristics of student savings, which tend to be dynamic.