the part that i dont understand is it say cannot even withdraw anything within campaign period
i guess top i no longer layak

Pendeposit tidak boleh membuat pengeluaran simpanan semasa tempoh pengekalan
daripada mana-mana akaun yang didepositkan dalam tempoh kempen untuk
melayakkan cabutan

I never won anything since I start with sspn so I guess no luck

SSPN not bank so cannot use the term BANK RUN.

Is SSPN protected by PIDM?
It is protected/guaranteed by the government. But not under PIDM.

so dont worry

They not so smart

among my friends who save with SSPN in the office (about 20 orang) all just really use it to gain tax relief and i did ask them do they withdraw or just leave it there... out of 20, i am the only one who withdraw.. i work in GLC

dont think ppl are doing mass withdrawal and they say leave it for their anak so not going to touch it
some lagi teruk, not aware of the tax relief is no more in 2023

This post has been edited by virtualgay: Mar 21 2023, 03:36 PM

my concern is they move the goal post.. later say cannot withdraw once inside SSPN since we have given you tax relief
so that is what motivates me to withdraw bfore goal post moved

this is an old article dated back in 2017 but i dont know which year allow to withdraw and infact this year is the first year i did withdrawal since saving many many years ago

Withdrawing Your Money
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.

i ask chatgpt, confirm not accurate, i think chatgpt confuse sspn with kwsp


This post has been edited by virtualgay: Mar 21 2023, 03:47 PM

PTPTN does not cover even 20% of your school fee

so true

monday morning will be back to normal.. dont panic!
they wont move goal post

true - that is why i withdraw all and left like double digit inside

Double of what? Tak faham

thanks for the reminder
once out will make sure can find the withdraw button
just scare they hide it saja or forever maintainance

i dont understand their business model
or should i say it is not a business but more of a charity
so charity with the biggest donor from Gov of Malaysia
so since is Gov backed, dont worry...

3.x in SSPN 4.x in FD

Congratulations finally upgraded become Parent

what a lively thread....
finally all wake up, they yet to move goal post so dont worry slowly withdraw

damn funny right.. always u-turn
now have to slowly put back!

imagine if you have just 2 account
1 your personal
1 your child
so you only need to take your child account into consideration and ignore your personal account balance
so make sure deposit correctly

dont know how busy is sspn and ptptn...
they dont have a lot to do
calculate interest also need to take so long...