SEREMBAN – The National Higher Education Fund Corporation (PTPTN) recorded RM1.3 billion, or 87.05%, in National Education Savings Scheme (SSPN) total deposits from January to November 30, compared with the target of RM1.5 billion for this year.
PTPTN chairman Wan Saiful Wan Jan said the amount saw an increase of 63% compared with RM800.84 million recorded for the same period last year.
“A total of 385,288 SSPN accounts have been opened as of November 30, and reached 96.32% of the 400,000 new accounts target set for this year.
“We expect the number of new accounts to continue to increase next year with the various promotions offered. We also call on parents to take advantage of this opportunity to save for their children’s future,” he told reporters yesterday.
Wan Saiful said since SSPN was launched in 2004 and up to November 30, 4.77 million SSPN accounts have been opened, with deposits amounting to RM7.19 billion.
“We hope the dividend rate offered by SSPN remains competitive compared with other financial institutions. Last year, the dividend rate was 4%, and I think profits earned should be shared with the people so that they also benefit.” – Bernama, December 31, 2020
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