Hi, thanks for your answer. really appreciate it. Else, if i withdraw now, may not entitle the dividend for 2022.

Appreciate it.
Many thanks

My ptptn loan is way more than my school fee (public U).

(Ganjaran now is not worth waiting for. At 1% lockin for around 3 months is only extra 0.33% per month for 3 months only. If the base dividend is 3% then pa wise if we deposit for full 12 months is 3.08% pa, base dividend 4% then 4.08% pa.) Pls ignore. Wrong calc. My bad

So the only attraction remaining is ease of withdrawal with no lost of interest due to premature withdrawal. But it then can easily be surpassed if deposit in fds with proper planning and the remuneration is much better.

So my funds in Ambank most probably will run its course with their existing promo.
Bye sspn, its been a good many years.

At 1% locking for around 3 months is equivalent to 4% for 1 year. And if base dividend is 3%, u r getting 3+4=7%, which was why we jump into it prev years.
In fact the 1st ganjaran, we put in for less than a month to enjoy 4%+12%=16%/year rate equivalent to 1.33% for 1 month. CMIIAW.

bro  you have overestimated that effect from ganjaran 1% too much
as your maths is faulty.

(1) put in fresh funds 100k for 3 months ONLY, after 3 months u get (3%+4%)x3months/12months interest = 100000x1.75%=1750 for 3 months.

using my sample of RM100k,
7% pa means your RM100k  must earn RM7000 from SSPN.

How la?
see my sample above , if dividend 3% , you get RM3000,
ganjaran you get  RM1000 , total only RM4000

how are you going to earn another  RM3000 to make it 7% pa?

your fault lies in thinking  ganjaran 3 months get  RM1k,
so 12 month you can get RM4k! But this is not  reality!

(2) put in fresh funds 100k for 1 month ONLY, after 1 months u get (4%+12%)x1months/12month interest = 100000x1.333%=1333 in 1 month

12months you calculated as  if you get RM12k!
no wonder la you  have misled yourself into thinking you can get 4% +12% =16%

That is a very big mistake in Maths, totally out of reality.

think about it.

i give u RM100k put in Ganjaran SSpni, can you earn RM16k from it when your
dividend 4% is RM4k and ganjaran 1% only 1k?

At 1% locking for around 3 months is equivalent to 4% for 1 year. And if base dividend is 3%, u r getting 3+4=7%, which was why we jump into it prev years.
In fact the 1st ganjaran, we put in for less than a month to enjoy 4%+12%=16%/year rate equivalent to 1.33% for 1 month. CMIIAW.

bro  you have overestimated that effect from ganjaran 1% too much
as your maths is faulty.

(1) put in fresh funds 100k for 3 months ONLY, after 3 months u get (3%+4%)x3months/12months interest = 100000x1.75%=1750 for 3 months.

using my sample of RM100k,
7% pa means your RM100k  must earn RM7000 from SSPN.

How la?
see my sample above , if dividend 3% , you get RM3000,
ganjaran you get  RM1000 , total only RM4000

how are you going to earn another  RM3000 to make it 7% pa?

your fault lies in thinking  ganjaran 3 months get  RM1k,
so 12 month you can get RM4k! But this is not  reality!

(2) put in fresh funds 100k for 1 month ONLY, after 1 month u get (4%+12%)x1month/12months interest = 100000x1.333%=1333 in 1 month

12months you calculated as  if you get RM12k!
no wonder la you  have misled yourself into thinking you can get 4% +12% =16%

That is a very big mistake in Maths, totally out of reality.

think about it.

i give u RM100k put in Ganjaran SSpni, can you earn RM16k from it when your
dividend 4% is RM4k and ganjaran 1% only 1k?

ok points taken,
this method of amplifying the benefit 4-12X can really
make the ganjaran 1% look much more impressive
than it actually is..

The 3% rate is available whole 12 months but the 4% is not.

Adding them together to say  it is 7%pa (= 7% overall in 12 months)
is rather misleading

similarly 4% you can get all 12 months,
but that extra 12% is only for 1 month

adding them together  has falsely amplified the return to 16%pa.

Unless of course with the money you  taken out from SSPN 
you can  repeat the same stunt again and again
then  yes can say you get 16%pa.

A one off high earning 1 month 12%  must be viewed in context

It is just not the same as say
earning 12% pa

Time period for that return rate must be taken into consideration
in IRR that would have been ironed out.

Just like a daily wage earner  earns RM2500 a month can
mislead us he earns much more
if he showed his few days of higher pay
and we go multiply that by 4 or  12X

:
me regular supporter come rain or shine

it wont be 16%, there's a holding period for 3 or 4 months or you will loss the ganjaran

of course ganjaran sspn,
the difference you showed is so big
At 16% would I pull out all my other funds  for it?
No.

I wont simply move my other seemingly lower return funds
to go for this short 1 month higher profit.

i also wont for  gimmick higher short term FD  eg
1 month 16% , 3month  6% or 24 months 4.8%, missing them you go back basic 3%.
i would take that 4.8% 24 months.

For  small amount  it may not matter much,
big you would lose out at the end.

i whack sspn ganjaran to the max, yes.
but i wont say it is giving me 16% return.

Finally first year I'm qualified with this 1% ganjaran.

Just to ensure I understand the concept correctly, my SSPN now left RM20 cause I withdrawed all in Jan 2023.

Let's say I bank in RM300k in July 2023, keep the funds until 30th Sept, I will be entitled RM3k right?

i keyed in my ic no. it said layak o. Unless want to risk it to deposit into my kid acc. but may end up getting no ganjaran at all. 3.05% to me is too low so without ganjaran will move the fund to elsewhere

if i deposit RM8K now, how much I will get for the GK?

If now I still got 20K in SSPN prime, I withdraw now and pump in again as new cash, also can get 1% GK, correct?

i more concern on the last sentense... after GK dikreditkan on Dec 2023 just can withdrawal even campaign ended at sep 30?

Lol in the afternoon it was written Oct 2023.

meaning start from now on cannot do any withdrawal at all if want to get GK? only can pump in cash?

1% GK is only calculate "cash pump in during this campaign period", correct? Thanks.

thanks, i saw the post also but that was before the withdrawal was officially shown on the statement. but now since it's clearly stated as 10/4 so it could change the status.

anyway i have also dropped a case at the e-aduan portal. let's see later what's the reply.

those who's having the same issue, pls also send them e-aduan so that they can take the action faster

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Checking the below link no extra amount, seems correct: https://www.ptptn.gov.my/saving/sspnlogin.html

to do so u cant have any wd (even RM1) from April to 30/7, then only u can depo RM800k on 31/7 and keep for 2 months without any wd again

and also sacrifice the initial 4 months no wd activity

any wd from layak or not layak acc also kena