Nope

Just open the account for 1yr also can withdraw? Can I top up & withdraw every month?lolz..

Lol. Why you wanna top up and withdraw every month?

I open in November 2015 and withdraw 80% in Jan 2016.

A good technique would be as follows :-
1. Dec 2016 - Deposit RM6,000 using Credit Card
2. Jan 2017 - Print the Tax Relief Receipt, withdraw RM6,000 to pay back the Credit card bill
3. Dec 2017 - Deposit RM12,000 using Credit Card
4. Jan 2018 - Print the Tax Relief Receipt, withdraw RM12,000 to pay back the Credit card bill
5. Dec 2018 - Deposit RM18,000 using Credit Card
6. Jan 2019 - Print the Tax Relief Receipt, withdraw RM18,000 to pay back the Credit card bill

This post has been edited by ronnie: Jan 26 2016, 10:18 PM

Is net deposit right? So Dec 2017 should swipe 12k.

Ya wor... updated already.... So the each cycle you need to pay more

For paying the CC bills.. Lolz. For withdrawal, submit the printed Tax Relief Receipt is a must for withdrawal? Its for what purpose? Does it mean we can only withdraw the previous year carry fwd balance only..

This post has been edited by leo_kiatez: Jan 26 2016, 11:33 PM

For withdrawal just go to any PTPTN branch to fill in the form and doesn't matter when you deposit it.

The tax relief is for income tax use only.

I like this idea. After a while no more limit on CC to play though =p have to max out all the CC.

Rubbish. If you checked out the ASNB thread, one can actually open account for those fixed price funds especially nowadays nearing CNY where units are in abundance. But one will have to work hard to get it. I managed to opened as1m and ASW2020 last month and I am Chinese despite they tell me it's full.

I agreed with the variable funds. Really not worth.

Btw, this tax relief is available until when?

SSPN Tax Relief of RM6000 up to year assessment 2017, after which will revert back to RM3000 Tax Relief only.

I notice that they paste a notice at the payment counter whereby they will charge 50 sen for transaction with debit card.

I do not have a credit card but usually when I shop I will tell the teller to pick the credit card option for my debit card since it will entitle me points.

But the ptptn teller told me that their machine doesn't have this option and you need to key in a pin for sspn deposit. This will not entitle points for debit card lo.

I will try to inquire at other place.

So this rule @ http://www.ptptn.gov.my/web/english/faq-en...sspn/withdrawal no longer applies ?

Doesn't applies.

where can i pay by CC? i like the pay & withdraw idea a lot too. get tons of free CC pts like that even could pay 40k by card, then withdraw again if you want more points

So besides filling in the sspn-i withdrawal form, do you attach photocopy of your bank account book during withdrawal? What are the document provided for withdrawal?
Wonder what is the Max limit per swipe for using cc to place in the deposit?=P

This post has been edited by leo_kiatez: Jan 28 2016, 10:45 AM

where can we topup using credit card?

You just need to fill in your bank account number in the withdrawal form. Doesn't need to bring anything, maybe except your IC.

CC is accepted at their branches