PUTRAJAYA: The National Higher Education Fund Corporation (PTPTN) has declared a 3.05% dividend for the National Education Savings Scheme (Simpan 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% is not only higher than the 3% dividend announced in 2021 but it is a competitive rate when compared to current account and fixed deposit rates in some banks of only 2.05% to 2.75%,” he said when announcing the Simpan SSPN dividend for 2022 here yesterday.
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, according to Bernama.
Mohamed Khaled said since its introduction in 2004, PTPTN had distributed dividends worth RM1.33bil.
Fruitful returns: Mohamed Khaled (second from right) announcing the returns from PTPTN. With him are (from left) Abdul Razak, Mohammad Yusof and Ahmad Dasuki.
As of Dec 31 last year, a total of 5.73 million Simpan SSPN accounts had been opened, involving a deposit value of RM14.24bil.
“The Simpan 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 were 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, Simpan 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 syariah-compliant investment,” he said.
At the event, Mohamed Khaled also launched the Ganjaran Kesetiaan Simpan SSPN Prime 2023 campaign, which offers an additional return of 1% for depositors who make long-term savings.
Meanwhile, PTPTN said the dividend will be deposited directly into the Simpan SSPN accounts. Depositors can check their savings statements online via www.ptptn.gov.my or the myPTPTN application from today onwards.
