THE National Higher Education Fund Corporation (PTPTN) has introduced Simpanan Vaganza! SSPN-i with deposits as low as RM500 to ensure there are more opportunities for people from the lower and middle income groups to win prizes.
This indirectly encourages the public to save in the National Education Savings Scheme (SSPN-i) and becomes culture and an ongoing effort to save for their children’s education in the future.
PTPTN Marketing and Strategic Communications Chief, Mastura Mohd Khalid said she hoped the community will grab the opportunity to either open an account or add to their deposits before the end of the Simpanan Vaganza! promotion on Oct 31.
“The Simpanan Vaganza! draws will be done by zone so that more people get the chance to win prizes,” she said.
There are five zones which are North zone (Perlis, Kedah and Penang); East zone (Terengganu, Kelantan and Pahang); South zone (Negri Sembilan, Malacca and Johor); Borneo zone (Sabah, Sarawak and Labuan) and West zone (Perak, Selangor, Kuala Lumpur and Putrajaya).
Mastura said the draws will be carried out three times with the first and second draws in July and September respectively.
Only the third draw is left and this will be carried out in November.
Mastura said attractive prizes being offered under the Simpanan Vaganza! are 15 Yamaha 135LC Motorcycles, 15 Macbook Pro 13” Retina Display, 15 40” LED Televisions and 150 iPad Minis.
“There have been encouraging interest and response from the community on these draws by PTPTN.
“The opportunity to win these prizes have indirectly attracted the public to either open an SSPN-i account or add to their deposits,” said Mastura.
Since the launch in 2004 and until Aug 31 this year, she said 2.37mil SSPN-i accounts with RM1.56bil deposits have been opened.
She said it is very easy to either open these accounts or add to the deposits as there are 71 PTPTN offices and branches throughout the country including counters in public areas such as supermarkets, shopping malls and several Urban Transformation Centres (UTC).
Marketing Executives can also be contacted for more information.
She said the public can also go to banks appointed as PTPTN agents such as Maybank, Bank Islam, Agrobank, Bank Rakyat, Bank Simpanan Nasional (BSN), RHB Bank dan CIMB Bank.
Deposits can also be done through salary deductions, Internet banking, auto or direct debit, standing instruction, phone banking or through the PTPTN website www.ptptn.gov.my.
“Only seven days left to grab the golden opportunities of winning these exciting prizes,” she said.
Mastura said there are no regrets in opening an SSPN-i account as there are many chances to win attractive prizes, depositors get free takaful coverage with savings of RM1,000 and above, tax relief assessment of up to RM6,000, matching grants of up to RM10,000 for families that qualify and a competitive dividend rate.
“We want the community to see PTPTN as an education fund which does not just give out loans.
“The aim of the PTPTN is to encourage the public to save and to plan for their children’s future.
“What we’re doing is to provide some motivation for the public to save,” she said.
A first time winner of the west zone Simpanan Vaganza!, Hew Kin Kuew, 59, said she did not expect to win as she had just started saving in an SSPN-i account for the last two months.
Hew said she opened an account for one of her twins who is now studying at Universiti Putra Malaysia in May with RM2,000.
“I did not expect to win. My savings are for my children’s education.
“The SSPN-i account is my husband and I’s choice to save for our children’s education. Four of my five children have SSPN-i accounts,” she said.
PTPTN wants to reach out to more people to open up accounts for their education and future