PTPTN’s Annual Savings Campaign Exceeds Target By RM55 Million
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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)

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