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Johor PTPTN records 460,000 SSPN account holders

Last update: 11/09/2019
JOHOR BAHRU, Sept 11 -- The Johor National Higher Education Fund Corporation (PTPTN) recorded some 460,000 National Education Savings Scheme (SSPN) account holders with deposits totalling RM377 million so far.

Johor PTPTN General Manager Muhammad Faizal Adnan said that since SSPN was introduced in 2004 until July this year, some 50 per cent of account holders in Johor were made up of those below 12-years-old.

He said exciting deals, benefits and increased public awareness on education savings, among others, contributed to this achievement.

In fact, he said the state PTPTN had surpassed its target of 15,000 account holders this year.

“Our target this year was 15,000 account holders with an accumulated deposit of RM29 million. But as of July this year, we have successfully hit the target with 26,000 account holders and RM36 million in deposits,” he told reporters after the SSPN Merdeka Parade Competition organised by the Johor Kindergarten Association here today.

Muhammad Faizal said PTPTN was always open to collaborating with various parties to organise programmes especially those involving parents and children, to promote SSPN.

“We want to help students become less dependent on PTPTN in continuing their studies, and realise that saving in SSPN can reduce their burden after they start working later.

"Parents can register their children as early as a day old and at 29 years old, they can withdraw their savings even without furthering their education," he said.

Earlier, 200 children from 10 kindergartens in the state participated in the parade and the winners received prizes in the form of SSPN savings accounts of RM100 each.


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