Hi Bro and Sis,
WOuld like to get an advise and info over this SSPN:-
1. To open an account , i can do it via online over here correct :
https://www.ptptn.gov.my/esmas-open-acc-web/#/2. What is the min amount to open an account and how do i top up moving foward?
3. I read thru google and notice to withdraw money from SSPN is not easy. Is it true? Or no longer applicable?
Found below from Google:-
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Unfortunately, withdrawing money from your SSPN account is not a simple task! Unlike normal savings accounts, SSPN has very strict rules when it comes to withdrawing your money. Depositors can only withdraw their money once a year, and the maximum amount that is allowed to be taken out is only RM500 or 10% of your total savings.
A 100% withdrawal will require either the beneficiary’s offer letter to local universities/colleges or a statement of the beneficiary “no longer wishing to participate in the educational process”; otherwise it is only possible in the event of the beneficiary’s/depositor’s death or incapacitation.
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Appreciate in advance for the advise and info.
Thanks
1. Yes
2. RM20
3. Can go PTPTN office or open Bank Islam to withdraw. Not that difficult actually once everythg setup.