PTPTN declares 3.05% SSPN dividend for 2022

PUTRAJAYA: The National Higher Education Fund Corporation (PTPTN) declares a 3.05% dividend for the National Education Savings Scheme (SSPN) for 2022.

Higher Education Minister Datuk Seri Mohamed Khaled Nordin said the dividend involved an allocation of RM266.17mil which would benefit around 5.73 million depositors.

"This 3.05% dividend is not only higher than the 3% for 2021 but is also a competitive rate when compared to current accounts and fixed deposit rates in some banks at only 2.05% to 2.75% (per annum),” he said when announcing the SSPN dividend for 2022 here.

Also present were Deputy Higher Education Minister Datuk Mohammad Yusof Apdal, Higher Education Ministry secretary-general Datuk Seri Abdul Razak Jaafar and PTPTN chief executive Ahmad Dasuki Abdul Majid.

Mohamed Khaled said since its introduction in 2004, PTPTN has distributed dividends worth RM1.33bil.

As of Dec 31 last year, a total of 5.73 million SSPN accounts had been opened, involving a deposit value of RM14.24bil.

"The SSPN deposits received last year amounted to RM3.36bil, which is 119.93% higher than the initial target of RM2.8bil. This is an increase of RM350.55mil from the RM3.01bil deposits recorded in 2021,” he said.

A total of 491,984 new accounts were also opened last year, compared to the initial target of 400,000 accounts.

Mohamed Khaled said the community’s encouraging response to Simpan SSPN was unsurprising because the savings are supported with various privileges and benefits.

"In addition to being the only savings product that provides income tax relief of up to RM8,000 per year, SSPN is also equipped with takaful protection for depositors, matching grants of up to RM10,000 for each eligible family, guaranteed savings by the government and shariah-compliant investment,” he said.

At the event, Mohamed Khaled also launched the Ganjaran Kesetiaan SSPN Prime 2023 campaign, which offers an additional return of 1% for depositors who make long-term savings.

He said the loyalty rewards would be enjoyed by SSPN Prime depositors, with accounts opened between 2004 and Dec 31, 2019, who deposit a minimum cumulative amount of RM500 during the campaign period from April 5 to July 31, 2023.

Meanwhile, PTPTN, in a statement, said that the dividend would be deposited directly into the SSPN accounts, and depositors can check their respective savings statements online via or the myPTPTN application from Thursday (April 5) onwards. - Bernama

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PTPTN , Mohamed Khaled Nordin , SSPN , dividend


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