PTPTN hits RM244m in deposits this year


THE National Higher Education Fund Corp (PTPTN) recorded a total of RM244.71 million deposits in its National Education Savings Scheme (SSPN-i) this year, an increase of 99% from RM122.97 million in 2020.

PTPTN CEO Ahmad Dasuki Abdul Majid (picture) said the deposits were collected through its SSPN-i 2021 Loyalty Reward programme which was launched on Feb 24.

“A total of 44,561 accounts were eligible and received the loyalty reward which was an increase of 36% compared to 32,718 accounts last year.

“This clearly shows that Malaysians continue to cultivate the practice of saving despite the Covid-19 pandemic,” he said in a recent statement.

As of June, total SSPN deposits received in 2021 were RM1.26 billion or 70% of the RM1.8 billion target.

Meanwhile, 192,006 new accounts were opened to date, which is 48% of this year’s target of 400,000 accounts.

“PTPTN would like to thank SSPN-i depositors for saving with us to ensure the future of education and continue to save in SSPN-i as it also offers various benefits,” Ahmad Dasuki said.

The benefits include income tax relief up to RM8,000 per year, competitive dividends, savings guaranteed by the government as well as matching grants up to RM10,000 per family which are Shariah-compliant.

Additionally, SSPN-i depositors will also stand a chance to win great prizes worth almost RM240,000 and a grand prize of a Proton X50 through the Stay Safe & Win SSPN-i 2021 promotion which will end on Sept 30.

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