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 SSPN, Skim Simpanan Pendidikan Nasional

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MGM
post Oct 20 2020, 02:03 PM

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QUOTE(cucikaki @ Oct 20 2020, 01:57 PM)
sspn transaction history shows tiada transaksi. just wanted to check whether my friday deposits is reflected. lol
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Normally takes 2 to 3 working days.
MGM
post Oct 20 2020, 02:14 PM

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QUOTE(cucikaki @ Oct 20 2020, 02:07 PM)
no i mean the total transaction history is empty. as if u never deposited anything. since jan 2020
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Sorry misunderstood. This happens to me once in a while but nothing to worry.
MGM
post Nov 2 2020, 03:12 PM

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QUOTE(pisang @ Nov 2 2020, 02:58 PM)
few years back, i used to submit the withdrawal via hardcopy at SSPN office. it took about >1 week.
For SSPN e-withdrawal (via SSPN portal) how many days can receive payment? thank you.
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Could be > 2 days esp beginning of month.
MGM
post Nov 2 2020, 05:43 PM

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QUOTE(unicorn111 @ Nov 2 2020, 04:30 PM)
have the same issue since yesterday ....call up sspn customer service.It seems boost no longer available for sspn until discussion between boost and sspn resolve...unsure of the duration
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QUOTE(smartfreak @ Nov 2 2020, 05:39 PM)
Just managed to top up on 5:37pm just now.
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smartfreak managed to topup this evening.
MGM
post Nov 3 2020, 09:43 AM

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QUOTE(cybpsych @ Nov 3 2020, 09:10 AM)
both boost and tngewallet implemented the sspn/ptptn bill payment without following proper flow and didnt get approval from PTPTN before going live.

there were many backend reporting errors (to tally between boost/tngewallet <-> ptptn) and also many cases of money deposited into wrong account.

now, ptptn is forcing both boost and tngewallet to adhere to ptptn's flow, properly tested, and ptptn to approve before going live to the public.
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So temporarily suspended?
MGM
post Nov 4 2020, 10:50 AM

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QUOTE(cybpsych @ Nov 4 2020, 08:06 AM)
boost doesnt validate between boost user's NRIC vs sspn's NRIC (depositor or beneficiary)

they are payment agent to collect on-behalf of PTPTN
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But when u key in your ic# the sspn account will appear together with the beneficiary name suggesting that they r linked, no?
MGM
post Nov 5 2020, 07:37 AM

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Tried to deposit 999 into sspn n this is what I get, my total spend for the year including all 3 categories is 67k,wonder that is the reason.

user posted image
MGM
post Nov 5 2020, 07:41 AM

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QUOTE(guy3288 @ Nov 5 2020, 12:34 AM)
Common sense lah.
can test it on SSPN statement also.
i just  looked at one sample, and true enough that's the way dividend calculated
no way SSPN will pay you buta interest
no way you get interest for amount withdrawn on that month.

2018 Dividend 4% paid 1.1.2019 RM171.90

Jan 2018 Div based on Balance on 5.1.2018 - withdrawals =RM9749.18
Feb RM9749.18 - 9720 =RM29.18
Mac RM29.18
Apr RM29.18
May RM29.18
Jun RM29.18
Jul RM6229.18 - 6200 = RM29.18
Aug RM18029.18 -10000 =RM8029.18
Sep RM8029.18
Oct RM8029.18 -8000 =RM29.18
Nov RM8029.18
Dec RM17529.18

Dividend
RM9749.18 x4%/12 x1
RM29.18 x4%/12  x7
RM8029.18 x 4%/12 x3
RM17529.18 x 4%/12  x1===>Exactly RM171.90!!
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So best is to deposit few days b4 5th, and withdrawal few days after 5th of next month.
MGM
post Nov 5 2020, 12:24 PM

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QUOTE(cybpsych @ Nov 5 2020, 11:00 AM)
no issue, just paid sspn at 10am+.
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Thanks. Now successful n got 2.7x coins for all deposits using 3 diff premium L5 accounts.
MGM
post Nov 6 2020, 10:03 AM

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QUOTE(guy3288 @ Nov 5 2020, 12:34 AM)
Common sense lah.
can test it on SSPN statement also.
i just  looked at one sample, and true enough that's the way dividend calculated
no way SSPN will pay you buta interest
no way you get interest for amount withdrawn on that month.

2018 Dividend 4% paid 1.1.2019 RM171.90

Jan 2018 Div based on Balance on 5.1.2018 - withdrawals =RM9749.18
Feb RM9749.18 - 9720 =RM29.18
Mac RM29.18
Apr RM29.18
May RM29.18
Jun RM29.18
Jul RM6229.18 - 6200 = RM29.18
Aug RM18029.18 -10000 =RM8029.18
Sep RM8029.18
Oct RM8029.18 -8000 =RM29.18
Nov RM8029.18
Dec RM17529.18

Dividend
RM9749.18 x4%/12 x1
RM29.18 x4%/12  x7
RM8029.18 x 4%/12 x3
RM17529.18 x 4%/12  x1===>Exactly RM171.90!!
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QUOTE(alandhw @ Nov 6 2020, 09:36 AM)
This is my understanding as well based on the shared calculation.
It is like deposit 1k on 1/11/20 and withdraw the 1k on 6/11/20. This 1k will be entitle for the interest pay for the November month.
Please correct me if i get it wrong
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Yes. Seems like guy3288 explaination is correct and easy to understand.

For me it is difficult to time when to deposit n withdrawal. Better for me to withdraw n park in high-interest CASA that r based on daily-rest.

This post has been edited by MGM: Nov 6 2020, 10:08 AM
MGM
post Nov 6 2020, 02:02 PM

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QUOTE(alandhw @ Nov 6 2020, 09:36 AM)
This is my understanding as well based on the shared calculation.
It is like deposit 1k on 1/11/20 and withdraw the 1k on 6/11/20. This 1k will be entitle for the interest pay for the November month.
Please correct me if i get it wrong
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QUOTE(tsutsugami86 @ Nov 6 2020, 01:57 PM)
Should be no interest for Nov 2020, deposit after 5th seem like consider as next month transaction.
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I think he meant withdrawal on 6/12/20, not 6/11/20.
MGM
post Nov 6 2020, 02:59 PM

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QUOTE(iamtheone2020 @ Nov 6 2020, 02:09 PM)
sifus, need some advice

i top up sspn-i using boost x 3 (each transaction 999). but i only got email for 2 of the transaction. is this something to worry ? all 3 transactions was recorded in boost apps though.
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May be there r 2 receipts in 1 email?
MGM
post Nov 23 2020, 05:48 PM

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QUOTE(timeonce @ Nov 23 2020, 01:59 PM)
I think most saving Im eyeing on is not the interest from SSPN but saving from tax. If we pay more than 25% tax rate add in SSPN saving. The rate of annual return is more than 30% per annum. When you compound 30% pa.. that alot of money.
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What do u mean compound 30% pa, r u saying every year u r getting 30%?
MGM
post Nov 23 2020, 10:52 PM

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QUOTE(timeonce @ Nov 23 2020, 09:13 PM)
I mean tax saving put interest in SSPN = 30% interest on every RM i invest in. And when you compound till the kid finish high school. The no will be alot if you dont withdraw.
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Thats only for 1st year but u sound like every year getting 30%.
MGM
post Nov 30 2020, 12:10 PM

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QUOTE(memorylane @ Nov 30 2020, 11:29 AM)
SSPN can deposit using Razer cash also...

Razer cash cannot use Credit card... but can use Touch N Go in 7Eleven... which is also indirectly credit card also..

http://www.ptptn.gov.my/molpay/index.php

credit card -> touch n go > Razer cash in 7eleven

Or if you don't mind hassle...

Grabpay topup with maybank grab card -> elinking -> Touch n Go -> Razer cash in 7eleven

of cos, the most convenient way for cc is Boost, no need physically walk in to 7eleven

Credit card -> Boost

or

Credit Card -> Bigpay -> Boost
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Thanks this is something worth exploring esp my TnG ewallet is accumulating.
I notice this is an unsecured link n is there any fee n max payment?

This post has been edited by MGM: Nov 30 2020, 12:17 PM
MGM
post Dec 1 2020, 12:25 PM

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QUOTE(Dexter @ Dec 1 2020, 12:19 PM)
If you guys wanna avoid this RM1 fees charged by Boost, you may consider Maybank2U via Pay (Bill) and look for Payee as below.

I did one lump sum which is beyond the limit that Boost is allow to save fees and time.

user posted image
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Can pay by maybank creditcard?

Edit: cant pay by CC.

This post has been edited by MGM: Dec 1 2020, 12:30 PM
MGM
post Dec 7 2020, 07:31 PM

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QUOTE(memorylane @ Dec 2 2020, 02:49 PM)
can pay via touch n go which can use credit card topup as well

just generate your Razer cash barcode, the pay in 7eleven using touch n go wallet.
http://www.ptptn.gov.my/molpay/index.php

Boost more convenient actually.
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QUOTE(LostAndFound @ Dec 5 2020, 09:02 AM)
This is interesting. How much is the fees charged in this way? Have you tried?
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QUOTE(drbone @ Dec 6 2020, 11:37 PM)
How many days for amount to be reflected in account ? Mine from 1/12 still pending.
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QUOTE(memorylane @ Dec 7 2020, 02:19 PM)
few days i think... it was sometimes ago which i use Razer cash... because i mainly and prefer use Boost...

But the razer page got state...

Nota :
- Minimun amaun bayaran ialah RM10.00
- Amaun bayaran tidak termasuk caj RM1.00 per transaksi
- Bayaran akan dikemaskini dipenyata selepas 3 hari bekerja

may be cmco time slower? you perform 1 transaction or multiple transaction on 1/12 ?
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Thanks for suggesting a way to use up my TnG ewallet. . Need to reconfirm these b4 doing it. Have been using boost but now getting miserable coins.
1) generate Razer Cash at ptptn.gov.my/molpay/index n use this to pay at 7-11 using TnG ewallet
2) how long it takes to be credited into sspn account?
3) apart from the rm1 fee at step 1, any fee by 7-11?
MGM
post Dec 7 2020, 11:30 PM

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QUOTE(tanbenson @ Dec 7 2020, 11:12 PM)
2) deposit on 30/11 but still haven’t reflect in the account
3) there is a payment charge of rm3.50
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Then better stick to boost.
MGM
post Dec 15 2020, 05:51 PM

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QUOTE(Kaptain_Planet @ Dec 15 2020, 04:29 PM)
hi, im one of the PTPTN officers from johor. i notice there are some question that are unanswered. if u guys got any question regarding sspn, kindly pm one of our staff through this website. we'll be gladly to assist.

www.sspnutcjb.com
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Is this an official website?

This post has been edited by MGM: Dec 15 2020, 05:53 PM
MGM
post Jan 6 2021, 02:01 PM

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QUOTE(lilsunflower @ Jan 6 2021, 01:49 PM)
Anyone here deposited between 1 January to 5 Jan (i.e. to try to get dividend)?

Can you see your deposits on the SSPN portal? I did RM999 via Boost on 1 January, but not yet reflected.
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Same for me.

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