Say, we deposit RM4K into SSPN as principal, the tax relief for certain level income taxpayer is 25%. We 'gain' RM1K from paying income tax.
That RM1K can invest in other investment such as trust fund from ASNB (ASM1, ASM2, ASM3, etc) or bond, etc which say 6% annual return.
After 18 years (kid reaches 18 y/o), the total amount is RM11K (from the original principal of RM4K).
The CAGR is 5.8%.

The key point is certain % return of investment from the "tax relief" (the money that gain from income tax as investment principal).

Dividend Dividend
4%        6%
 
  SSPN Principal, A Tax Relief, B (25%)
4000        1000
1 4160        1060
2 4326        1124
3 4499        1191
4 4679        1262
5 4867        1338
6 5061        1419
7 5264        1504
8 5474        1594
9 5693        1689
10 5921        1791
11 6158        1898
12 6404        2012
13 6660        2133
14 6927        2261
15 7204        2397
16 7492        2540
17 7792        2693
18 8103        2854
 
Total amount after n years (A + B)  10958
 
Compound Annual Growth Rate (CAGR)
CAGR
5.8%

Just notice that there is option to Link and DeLink SSPN-i account option. Didn't try since already link my SSPN-i account to bank islam.

Has anyone managed to transfer sspn-i to BI's BSA via https://www.bankislam.biz/ instead of ATM? Please show how, thanks.

so the limit is also only RM4500 per month for transfer to SSPN?
if yes, then no need daily log in to sspn and view....
1 week do RM 1500 x 3 weeks is already RM 4500

200k / 4500 PM = 44 months

so do RM150 x 30 spends will get more coin earning instead of just 3 spend x RM1500?

You need to change the limit at ATM machine.

I have withdrawed 8k in one shot without problem.

Well , I have no problem withdrawing 10K from SSPN-i to BI vie ebanking.

My BI mobile app can, android system.

anyone can confirm if I deposit on 1/3/20 and withdraw by 1/7/20, will I get pro-rate dividend of 4 months or will not get at all because of pre-mature withdrawal like FD?

Haven't plan to withdraw.
Yes as in pro rated dividend?

i just sign up basic saving acc BANK ISLAM.

and link SSPN acc through ATM .
can i online withdraw SSPN to Bank Islam ? Yes
got limit ?  You can set the limit in PIB but got upper limit.
RM0.50 per withdrawal ? Yes
How long to reflect ? Instant ? Instant
can i do in at home in pajamas ? Only in birthday suit with camera on.

Any idea PTPTN office open during MCO?
Would like to make some withdraw

All PTPTN offices are closed.

Yes. i just did last week+ , moving from my boy's account out,
via Bank Islam - cost me a pretty penny of RM0.50,
then BOOST into my daughter's account (U'all know why right? 0.5% 8 months)

Fellow forumers already shared can +snapshot the menu's showing in Bank Islam's online banking. Seek and ye shall find.

1. PTPTN site: https://www.ptptn.gov.my/esmas-open-acc-web/#/deposit
2. epay site (max limt RM50): https://www.e-pay.com.my/partner/bonuslink/...llection?page=3

These accepts BigPay ?

previously for BIGPAY to SSPN....
https://www.ptptn.gov.my/images/fail/promos...y_sspn_2018.pdf

Dimaklumkan bahawa permohonan pengeluaran simpanan SSPN-i pada 07/04/2020 sebanyak RM8,031.77 telah diterima dan dalam proses kelulusan serta bayaran oleh PTPTN.

Bayaran akan dikreditkan ke akaun bank tuan/puan dalam tempoh 14 hari bekerja.

Lets see when the amount credited to my bank account.

for this new features, if you plan to withdraw RM4,562.50 or less better use withdrawal features in their SSPN website, if anything more than this amount, and you plan to park in SCB PSA account, then should use Bank Islam internet banking transfer.

if plan to park in OCBC 360, then the amount would be RM5,367.65.

Just sharing

if transfer use BI, u get the amount instant and can park in SCB PSA / OCBC360.

Hence you would earn 1 day worth of interest. PSA ia 4%, 360 is 3.4%

If you use the withdrawal channel by SSPN itself - where no RM0.50 charges incur, however, you would get it the next working day.

So using SSPN channel for withdrawal would make you 'lose' 1 day worth of interest in these high yield saving accounts.

now comes back to the RM0.50 BI charges, how much amount, that would give me RM0.50 in a day if i park the money in PSA? it will be RM0.50 *365 / 4% = RM4,562.50 - ignoring leap year calculation.

and for OBCB360, how much amount, that would give me RM0.50 in a day if i park the money in 360? it will be RM0.50 * 365 / 3.4% = RM5,367.65 - ignoring leap year calculation

Hi, my transition on 26 March also not yet update. 27, 28 and 29 already reflected in ptptn website. I already make a report to boost, and boost reply me said transition was successful, ask me to check with biller. I already make a report to ptptn on 2nd April, but until now still don't have any news. Anyone same with me?

i think ocbc online banking limit is rm30k. so u might need to split. ocbc transfer/fpx/billpayment limit is rm30k combined