How many savings accounts are there in the banking sector?

Based on data from the Deposit Insurance Corporation, the number of national banking accounts in February 2017 reached 202.16 million, a 2.12 million increase from the previous month. Of this total, 195.39 million (96.65 percent) accounts were savings accounts, approximately 3.86 million (1.91 percent) were deposit accounts, 2.9 million (1.44 percent) were current accounts, and the remainder consisted of deposit on call and deposit certificates.

On May 8, 2017, the government officially enacted Government Regulation in Lieu of Law (Perppu) No. 1/2017 concerning access to financial data for tax purposes. With the enactment of this Perppu, the Directorate General of Taxes now has unlimited access to information related to banking customer account data and other financial institutions. The issuance of this Perppu also provides the tax authorities with the means to increase tax revenue.

The issuance of this regulation is related to the automatic exchange of financial account information (AEoI). This program for exchanging banking data is spearheaded by member countries of the Organization for Economic Co-operation and Development (OECD), including Indonesia.