Hi, SSPN newbie here. Would be grateful if someone can help to clarify how is the interest for SSPN calculated? Is it based on daily/monthly rest? Wondering whether there is any difference between putting in small amounts of money monthly vs one lump sum at the end of the year. When is the interest for SSPN given out?

It's work like FD I suppose. Being reluctant to bank in because very difficult to withdraw. That was few years back. Now I am not sure.

Withdrawal is ez now

Dear all
I am quite puzzled with the interest rate (dividend) announced for 2014. It was announced to be 4.25%, but when I checked back the latest statement, I am only getting something like 1.68% for the amount I have deposited until 31 Dec 2014. How about your dividends? Thanks in advance for any input.

while waiting for responses, it would be best if you could provide some added info, like...
what is your a/c balance as at end 2013?
what is the dividend rate for 2013?
how much did you top up in 2014?
when did you top it up in 2014?

Dear Mum
Baki Awal 1 Jan 2014 RM1550
Baki AKhir 31 Dis 2014 RM 4500
Dividen 1 Jan 2015 RM 83.76

I made the deposit regularly from time to time.
Hence the dividend is something like 83.76/4500= 1.86%
Correct? Please correct me if I am wrong.
Thanks again.

when did you put in the 3000?
you mean regularly...250 x10 monthly?
have try pro rated calculation?

is this going to make a difference?
I thought it is the annual contribution that matters, regardless of it being 250x12, or 3000x1 or 300x10....
again I may be totally wrong
please correct me and I apologize deeply for my ignorance.

Baki Awal 1 Jan 2014 RM1550
Baki AKhir 31 Dis 2014 RM 4500
Dividen 1 Jan 2015 RM 83.76

Assuming you put in RM 3000 on 31 Dec 2014
RM 1550 x 4.25% = RM 65.87
RM 83.76 - RM 65.87 = RM 17.89
will the RM 3000 placed on 31 Dec 2014 earn RM 17.89 interest from 2014?
just a thought.......

I see...
if this is the case, the dividend is even less than 1%?

Dividend is based on pro-rata basis

I have no idea....bcos there is still the unknown of when and how the RM 3000 was placed in year 2014.....

This post has been edited by MUM: Jun 28 2015, 05:33 PM

Dear Wil-i-am
Dear Mum
Thanks for the inputs
I think I got the idea already...
thanks again.

I read on the PTPTN website that to withdraw you need to attach a death certificate of the depositor. so means depositor need to be deceased first in order to withdraw??

Can I deposit into the account today and then take everything out again in a month's time or will there be any penalties? Need to go to PTPTN HQ to withdraw or can withdraw online?

U can withdraw anytime at OTC
For details, refer to counter service

Just open the SSPN-i account for my daughter from RHB.

So when only I can register for their online account at SSPN?

Please advise. Thank you.

EDIT: Tried but unable to register.

This post has been edited by rapple: Oct 30 2015, 03:16 PM

If I can recall, u can register immediately

Not sure why can't register.

You open your account from banks also?

Email them this noon, hopefully can get a reply on Monday.

I open for my kids @ PTPTN ofiz

By next week you should be able to register already