OJK Implements New Regulations for Dormant Bank Accounts

Standardizing Inactive Account Management

The Financial Services Authority (OJK) has introduced new comprehensive regulations regarding the management of dormant bank accounts in Indonesia. According to the new rules outlined in POJK Number 24/2025, bank accounts that remain inactive for more than five years will be officially classified as dormant. This regulatory measure aims to enhance governance and create uniform practices across the nation's banking sector.

Key Features of the New Regulation

The new policy mandates banks to implement a standardized system for identifying and managing dormant accounts. Dian Ediana Rae, Head of Banking Supervision at OJK, emphasized that this regulation is designed to strengthen oversight of account management practices across commercial banks. The rules will help prevent potential misuse of inactive accounts while ensuring proper handling of long-term dormant funds.

Impact on Banking Sector

This regulatory development is expected to have significant implications for Indonesia's banking industry. Banks will need to update their account management systems to comply with the new classification and handling procedures for dormant accounts. The regulation represents a major step towards enhancing financial governance and protecting consumers' assets in the banking sector.