PTPTN’s Annual Savings Campaign Exceeds Target By RM55 Million
Author Avatar

The National Higher Education Fund Corporation (PTPTN) commented that it has exceeded its goal of RM110 million in deposits for the annual Simpan SSPN Savings Month (BMS 2021) campaign.

“The total SSPN Savings deposit received was RM155 million, or 141%, which was RM55 million more than the intended RM110 million,” said the chief executive officer of the PTPTN, Ahmad Dasuki Abdul Majid during the closing event of the campaign, who added that public response has been very positive, thereby contributing to the stellar result.

For context, the BMS 2021 campaign is PTPTN’s signature annual campaign that has been hosted in October every year since 2018, seeking to raise public awareness and to encourage the people to save for future educational purposes via the Skim Simpanan Pendidikan Nasional (SSPN). This year, the event was held in recognition of the World Savings Day on 31 October 2021, bearing the theme “Hold On To Your Financial Future”.

Ahmad Dasuki also shared that there are 315,984 new SSPN Save accounts as of September this year, whereas total deposits have reached up to RM1.78 billion during the same period of time. “This was very close to PTPTN’s total deposit target of RM1.8 billion with 400,000 new account openings,” he further commented.

Additionally, Ahmad Dasuki stressed that PTPTN will continue to empower the people in saving and planning for the future, particularly for the purpose of pursuing higher education. “We will not stop disseminating information on Simpan SSPN for parents to cultivate and practise financial planning so that they can boost life savings and ensure their children’s plans to pursue higher education can be a reality,” he emphasised.

Malaysians can save with SSPN via two products, namely the Simpan SSPN Prime and Simpan SSPN Plus. Both were recently rebranded in early September, and were previously known as SSPN-i and SSPN-i Plus, respectively.

(Source: The Star)

0 0 votes
Article Rating


Comments (0)

Notify of
Inline Feedbacks
View all comments
Top Personal Finance News Articles
Top Personal Finance News Articles
Post Image
Petrol Price Malaysia Live Updates (RON95, RON97 & Diesel)
The RinggitPlus Team
- 12th January 2022
We provide weekly updates on every Friday at 5pm on the prices of RON95, RON97 and Diesel in Malaysia and a chart that shows the movement of fuel prices across a 6-week period. Bookmark this page now!
Post Image
Shopee Introduces SPayLater, Lets Users Buy Items Now And Pay Later
Alex Cheong Pui Yin
- 18th January 2021
Shopee has introduced a new payment feature that lets its Malaysian users purchase items and pay for them […]
Post Image
Best High Interest Savings Accounts In Malaysia (October 2021)
Pang Tun Yau
- 6th October 2021
Make your money work for you by depositing them into the best high-interest savings accounts in Malaysia!
Post Image
Historical EPF Dividend Rates
The RinggitPlus Team
- 3rd March 2021
Ever wondered how this year's EPF dividend rate compares to previous years? We got you covered with our historical 11-year chart!

Related articles

Related Posts Image
Related Posts Image
Related Posts Image
Related Posts Image