interest is paid for amount saved from 5th to next month 5th,

if your balance on 5.5.21 = RM50k  and you  WD 50k out on 4.6.21- you get  zero interest for that 50k

If you WD RM50k out on 6.6.21 you get interest for that 50K 1 month

So deposit just before 5th, WD just after 5th any month

Say you deposit RM10k on 20.5.21, when  they  calculate interest on 5.6.21, the 10k receive 0 interest

Will your 4% need to be prorated (ex. 4% x 1/12, PM)?

While waiting for responses, you can try mentally test it out using bank 1 fd as subject
In 4 of the month out 6 of next month, will get 1 Yr interest?

You mean you put rm100K 5days want to get  30days interest? How can lah?
SSPNi  will go bankrupt also if their system calculate that way

We can never beat the system. The bank/sspni/KWSP will always win,
taking advantage of our deposits  pay interest less days than they should.

In SSPN, if you  deposit money on 6th, you lose 29-30days interest, as it starts count only next month 5th onwards.
Same like KWSP, you deposit on any day also, interest starts count next month 1st, that means  deposit on 29th-30th lose 1-2 day,
deposit on 2nd lose 27-29days interest

No way you can gain and let the bank lose.........the only i know is using bank credit card ZERO fee zero interest balance transfer.

People are talking how to beat the system is to NOT to put 5D try get interest for 30D.............
It is to reduce our LOSSES, ie try to minimise the days we lose interest,
so in SSPNi  the minimum loss is 1 day, if deposit on 4th, interest starts count on 5th onwards.

You want to try deposit on 5th, you may lose 30days you take the risk, as we are not sure how the internal system work.
definitely, who is going to pay us extra interest?

You quote the answer but.... still say don't understand?

The primary concept of 'minimum balance' is the key. It's not about 'forfeit' any interest, its that interest is calculated based on minimum balance within the month (where the month starts on 5th). That's why anything you deposit AFTER the 5th won't earn interest. And if you withdraw before the 5th also won't earn interest on that amount.

But if let's say you start with 10k.

And on the 6th you deposit 20k (this amount won't earn interest).

Then you withdraw the 20k on the 7th, no difference. Because you still won't earn interest on that amount anyway.

But if you are now on the 4th of the next month, you deposit back that 20k. Means the 5th you have 30k. If you maintain 30k throughout (never go below it) for the next 30/31 days you will get that month's interest for 30k.

not sure if this link of the dividend kalkulator still working or not
https://www.ptptn.gov.my/KalkulatorDividen/Utama

click to test it out?

How many going to withdraw from sspn the amount specifically deposited for the Ganjaran campaign tomorrow 6-July?
Which method u guys going to use?
BI's ATM> CASA?
SSPN portal direct withdrawal?
BI's online account?

mind sharing, where did you get that 14 days info?

thanks for telling,...
never heard that before,...
maybe something new due to FMCO, EMCO things...
less people at work to confirm/approve the transaction?

just my think,...may not be correct.

thanks for telling again

The above method works.
As for online WD via ptptn, i think will be credited next working day eventhough it is stated14, hope it is right.

I know that but i just want 50k in my PSA today. Did some direct transfer from ptptn online to PSA too but it is my 1st time hopefully no hiccup/delay.

RM3k/day
RM5k/week
RM10k/month

sspn historical returns. Lowest was on 2009, only 2.5%.
https://mypf.my/2017/05/11/should-you-inves...#SSPN-i_Returns

Anyone facing issue with SSPN Prime currently?

Mine says ‘Tiada Akaun SSPN Prime’ when logged in..