Actually, lose 2 days or 1 month interest on the withdrawal amount?

No idea... As I am more focused on the lost of tax relief amount...

Sadly not eligible for tax relief.

should have placed in promo FD

1. From my understanding, there are 2 types of SSPN:
(a) SSPN-i
(b) SSPN-i plus
2. SSPN-i can withdraw anytime.
- Pendeposit boleh membuat pengeluaran/ penutupan akaun pada bila-bila masa tertakluk kepada peraturan
yang ditetapkan oleh PTPTN.
- https://www.ptptn.gov.my/pengeluaran-penutu...aun-sspn-i-side
3. SSPN-i plus can only withdraw after 3 years:
- Pendeposit hanya boleh membuat pengeluaran selepas 3 tahun dari tarikh pembukaan akaun dan jumlah minimum yang perlu ada didalam akaun simpanan adalah sebanyak RM1,000.
- https://www.ptptn.gov.my/pengeluaran-penutu...spn-i-plus-side

Sadly FD doesn’t have some perks that sspn has.

what perks when there is no tax relief for you?
perks like .........?

tax relief

but he is not eligible .....

Did you manage to do withdrawal by ATM?

SSPN website down? Cannot log in

Thanks for the reply.

Do you know what is the rule and regulation for withdraw in SSPN-i?

I intend to subscribe to SSPN-i plus for the insurance, the underwriting company is MSIG takaful. Anyone has comment about it? Or it is more worth to buy similar insurance from other insurance company or without bundle with the saving plan?

I didn't tried that cos realised dividend will be paid out tomorrow. Instead I was eager to find out if can withdraw via Internet banking but could not find the function.

You can withdraw it out anytime unlike FD.

It's right back up now.

This post has been edited by chukahae: Dec 31 2019, 06:34 AM

ooooh, ok noted your concern of the lost of interest if premature FD uplifting...

btw, if you are concerned about the interest returns thing...with SSPN, just take note of this....
at times there will be no interest given unlike FD.

from page 97, post 1921 by forummer Rapple

This post has been edited by MUM: Dec 31 2019, 08:09 AM

Exactly. Thanks for this.

I'm pretty much late in the game. Most of my deposits are made on 17th and onwards. For interest returns, if any, might only eligible for in the initial deposit. Gonna work hard next year.

This post has been edited by chukahae: Dec 31 2019, 08:43 AM

This year I have been treating my SSPN like a savings account so probably will get similar mediocre interest.

From what I know, for SSPN-i, you can withdraw any amount anytime (not sure if we need to leave the min RM20 in the account?) either at PTPTN counter or ATM.
For convenient, I think can try open bank Islam and link it to your SSPN-i account like some forumers suggested. You can transfer the money in SSPN-i account to bank Islam account at ATM. Then, from bank Islam account online transfer to other bank.

As for the insurance, I am not familiar with it so can't comment much.

Hi all,
I just opened a sspn-i account yesterday.

Deposited Rm1000 using boost yesterday. May I ask:

1) How long does it take usually to reflect in SSPN-i statement?
2) When will sspn/boost send email to inform about the deposits?

Because mine has not reflect in statement and have not receive email.

3) what is the maximum amount that can be paid via boost?

I received error message after I try to transact again after the first payment of Rm1000

4) When boost payment finally reflect on statement, which date does it follows?

5) anybody has experience of money went missing after transfer using boost?

Thank you