11 Banks Closed or Had Their Licenses Revoked by OJK: What Happens to Customers’ Funds?

A wave of bank closures has occurred again in 2026. The Financial Services Authority (OJK) revoked the business licenses of 11 banks, mostly Rural Banks (BPR) and Sharia Rural Banks (BPRS), throughout January to July 2026. 

For customers of the closed banks, the most urgent question is the fate of their funds: whether the money in their accounts remains safe, how the LPS deposit insurance scheme works, and what steps must be taken after the bank enters liquidation. 

This article breaks down the facts on the ground, the list of affected banks, and practical procedures so that customers do not lose their rights.

Key Takeaways

• OJK revoked the licenses of 11 banks (BPR/BPRS) in the period January–July 2026, mainly due to failure to meet capital requirements and not implementing recovery recommendations.
• After the license revocation, LPS forms a liquidation team; customer deposits are guaranteed in accordance with the LPS Law with certain limits and interest rate conditions.
• Customers need to prepare documents, monitor LPS announcements, and avoid parties offering “paid claims” or promising instant disbursement outside official procedures.

List of 11 Banks Whose Licenses Were Revoked by OJK as of July 2026

As of July 2026, a total of 11 banks had their business licenses revoked by OJK, dominated by Rural Banks (BPR) and Sharia Rural Banks (BPRS). The details are:

1.   PT BPR Suliki Gunung Mas (West Sumatra) – January 7, 2026

2.  PT BPR Prima Master Bank (Surabaya, East Java) – January 27, 2026

3.   Perumda BPR Bank Cirebon (West Java) – February 9, 2026

4.  PT BPR Kamadana (Bangli, Bali) – February 18, 2026

5.   PT BPR Koperindo Jaya (Central Jakarta) – March 9, 2026

6.  PT BPR Pembangunan Nagari (Agam, West Sumatra) – March 31, 2026

7.   PT BPR Ceper Permata Artha (Klaten, Central Java) – June 25, 2026

8.  PT BPR Dwicahaya Nusaperkasa (Batu, East Java) – July 3, 2026

9.  PT BPR Mataram Mitra Manunggal (Yogyakarta) – July 7, 2026

10.   PT BPR Syariah Hasanah Mandiri (Depok, West Java) – July 16, 2026

11. One additional bank is recorded in iNews data, possibly a bank whose decision was issued at the end of June 2026 with effect in July, bringing the total to 11.

All of these banks had their operations gradually discontinued according to the license revocation date. OJK emphasized that the revocations were carried out after the banks failed to improve their financial condition and did not implement recovery recommendations.

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Why Have So Many BPR/BPRS Closed in 2026?

The pattern of bank closures in 2026 did not happen suddenly. There are three main reasons that consistently appear in OJK announcements and liquidation reports:

Failure to Meet Capital Requirements (KPMM)

Many BPR/BPRS were unable to meet the minimum capital requirements (KPMM), often cited as below 12%. 

This condition placed the banks in the “Bank Under Recovery” category and required them to improve within a certain timeframe. If unsuccessful, the status was raised to “Bank Under Resolution”.

Read Also: Bank Clearing and Investment: Definition and How It Works

Failure to Implement Recovery Recommendations

OJK and LPS provided recommendations for improving governance, product restrictions, and capital increases. If the recommendations were not implemented or did not produce results, LPS decided not to carry out a rescue. As a result, OJK revoked the bank’s business license.

Governance and Operational Issues

Some cases also involved indications of operational violations, such as abuse of authority, non-performing financing, and practices that harmed depositors. This worsened the bank’s financial position and accelerated the resolution process.

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What Happens After a Bank’s License Is Revoked?

Once the business license is revoked, the bank is no longer allowed to conduct operational activities. The next process is liquidation managed by the Deposit Insurance Corporation (LPS). Here are the applicable stages:

OJK Revokes the Business License

OJK issues a decision to revoke the bank’s business license. This decision becomes the legal basis for stopping all of the bank’s activities.

LPS Forms a Liquidation Team

LPS forms a Liquidation Team tasked with securing the bank’s assets, recording liabilities, and settling the rights of customers and creditors. All liquidation activities are carried out in accordance with the LPS Law.

Official Announcement and Claim Services

LPS announces the liquidation process through its official website and the media. Customers can submit deposit claims with the required documents. LPS also opens information services to help customers understand the procedures.

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The Fate of Customers’ Funds: Are BPR Savings Guaranteed by LPS?

Customers often ask: are savings in a closed BPR still guaranteed by LPS? The answer is: yes, subject to certain conditions and limits.

LPS Guarantee Limit

LPS guarantees customer deposits up to a maximum of Rp2 billion per bank per customer. This limit covers current accounts, savings, time deposits, and other forms of deposits that meet the requirements.

Conditions for Guaranteed Deposits

For deposits to be guaranteed, several conditions must be met:

•  The deposit is recorded in the books of the bank being liquidated.
• The deposit interest rate does not exceed the LPS guarantee interest rate set for the current period.
• There is no indication of fraud or violation of banking regulations.

Funds Above Rp2 Billion

For customers with balances above Rp2 billion, the excess amount can still be recorded as a receivable in the liquidation process. However, its disbursement depends on the proceeds from the sale of the bank’s assets and legal priority.

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Practical Steps for Customers After a Bank Is Closed

If you are a customer of a recently closed bank, here are the steps you should take:

1. Monitor Official LPS Announcements

LPS always publishes liquidation information through its official website. Make sure you access official sources to avoid false information.

2. Prepare Claim Documents

Documents usually required:

• Original ID card (KTP) and photocopy.
• Passbook or proof of deposit.
• Claim form provided by LPS.
• Other supporting documents as requested by the liquidation team.

3. Visit the Designated Location

LPS designates claim service locations, usually at the office of the bank being liquidated or the nearest LPS office. Make sure you come according to the specified schedule.

4. Avoid Parties Offering “Paid Claims”

Be wary of parties promising quick disbursement for an additional fee. The LPS claim process does not require any fees and is only conducted through official channels.

Implications for the Financial Ecosystem and Crypto Investors

The closure of dozens of BPR/BPRS in 2024–2026 shows that the micro-banking sector is undergoing major consolidation. 

OJK is not only closing banks that are no longer viable but also encouraging BPR mergers to strengthen the industry’s resilience.

For crypto investors, this phenomenon serves as a reminder of the importance of asset diversification and understanding liquidity risk. 

Decentralized platforms offer alternatives, but still require caution in choosing protocols and understanding the guarantee mechanisms (or the lack thereof).

Read Also: What Is a Virtual Account? Guide on How to Deposit via VA on Bittime

Conclusion

The wave of closures of 11 banks as of July 2026 confirms that the stability of the BPR/BPRS sector is being tested. OJK and LPS work together to close non-viable banks while protecting depositors through the guarantee scheme. 

For customers, the key is to understand the claim procedures, comply with LPS requirements, and avoid parties promising instant claims.

For investors and market participants, this phenomenon is a valuable lesson on the importance of financial resilience, asset diversification, and a deep understanding of depositor protection mechanisms—both in traditional banking and the digital asset ecosystem.

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FAQ

Are the savings of customers of a closed BPR guaranteed by LPS?

Yes, BPR customer deposits are guaranteed by LPS up to a maximum of Rp2 billion per bank per customer, provided that the interest rate does not exceed the guarantee rate and the deposit is properly recorded.

How long does the deposit disbursement process take after a bank is liquidated?

The disbursement process varies depending on the completeness of documents and validation by the liquidation team, usually taking several weeks to months after the claim is submitted.

What happens if my balance is more than Rp2 billion?

Balances above Rp2 billion are still recorded as receivables, but their disbursement depends on the results of the bank’s asset liquidation and the applicable legal priority.

How can I find out if my bank is on the list of those closed by OJK?

Check the official announcements on the OJK and LPS websites, or contact the LPS call center to confirm the status of the bank where you save.

Do I need to pay a fee to submit a claim to LPS?

No, the LPS deposit guarantee claim process does not require any fees. Be wary of parties offering paid claim services.

Is my time deposit still guaranteed if the interest exceeds the LPS limit?

No, deposits with interest rates above the LPS guarantee rate are not guaranteed. Make sure your deposit interest complies with the applicable LPS provisions.

Can I still withdraw funds after the bank is closed?

Withdrawals can only be made through the LPS liquidation claim process. A closed bank no longer serves daily transactions.

Are all types of deposits guaranteed by LPS?

Almost all deposits are guaranteed, including current accounts, savings, and time deposits, as long as they meet the conditions of being properly recorded and having interest rates in accordance with LPS provisions. Investment products such as mutual funds are not guaranteed.