SSPN 2020 Savings Month exceeds target

 

The recent SSPN 2020 Savings Month organised by the National Higher Education Fund Corporation (PTPTN) which ended on October 31 was a success, recording total deposits of RM150.4 million. - NSTP file pic

KUALA LUMPUR: The recent SSPN 2020 Savings Month organised by the National Higher Education Fund Corporation (PTPTN) which ended on October 31 was a success, recording total deposits of RM150.4 million.

This shows an increased awareness among Malaysians on the importance of saving for the future education of their children.

The Savings Month programme ran from Oct 1-31 on PTPTN's official Facebook platform.

Through this programme, PTPTN had targeted RM110 million in total deposits and at the end of the programme, achieved 136.73 per cent of its initial target.

"On behalf of PTPTN, I would like to thank and congratulate Malaysians who have started the wise and best move to save via the National Education Savings Scheme (SSPN) to ensure the future of their children's education," said PTPTN chairman Wan Saiful Wan Jan.

"The SSPN 2020 Saving Month has been successful in inculcating the saving habit among Malaysians. The increase in total savings over the same period compared to last year clearly shows that more and more parents are beginning to realise the importance of saving and financial planning for their children's higher education. This is the special feature about the SSPN savings instrument that is able to contribute to "nation building," he added.

PTPTN chief executive Ahmad Dasuki Abdul Majid said "Since 2004, PTPTN has started measures to strengthen savings for the purpose of education through SSPN. This scheme is the best education savings plan created by the government through PTPTN to assist financial planning and offers many privileges available to depositors. "

"Malaysians are encouraged to continue to make savings through SSPN even when the country is tested by the Covid-19 pandemic as these savings offer various privileges to depositors. Opening or adding to existing SSPN accounts can be made through various channels that are easier, faster and more secure online through www.lovesspn.com or the internet banking channels that have been provided, "he said..

This is the third year PTPTN has organised the SSPN Savings Month in conjunction with World Savings Day which is celebrated on Oct 31 every year.

In 2018 and 2019, PTPTN held SSPN Savings Week at shopping malls for three consecutive days nationwide.

This year, in adhering to new norms, new programmes and activities were held online, offering various attractive prizes with the tagline 'Let's Be Your Child's Superhero'.

PTPTN is committed to further raising public awareness on saving with SSPN. The corporation is confident that this effort will be supported by everyone, to realise PTPTN as an Education Fund and achieve its deposit target of RM1.5 billion this year. - NST