Only info can find on the website is:

Starting 1 January 2012, students who wish to apply for PTPTN education financing MUST have an SSPN-i account with a minimum deposit of RM20.00.

Tax relief for current year's net savings of up to RM6,000 per annum.

Free insurance coverage for depositors with savings of RM1,000 and above.

Savings as low as RM20 at any time and guaranteed by the government.

Depositors may make withdrawals at any time subject to the regulations set by PTPTN from time to time.
(what are the regulations?)

So actually how long do we have to keep our money in SSPN before we can withdraw?

Came across this http://www.ptptn.gov.my/docs/FAQ%20SSPN.pdf:

Pengeluaran hanya boleh dibuat selepas 1 tahun menyimpan. Terdapat 2 jenis pengeluaran iaitu:-

i. Pengeluaran sekali setahun pada kadar 10% daripada baki akaun atau RM500 mengikut mana yang terendah; atau
ii. Pengeluaran 100% atau penutupan akaun SSPN sekiranya penerima manfaat memenuhi salah satu daripada kriteria berikut:-
a. Diterima masuk ke IPT ;
b. Terkeluar daripada sistem pendidikan secara sukarela atau diberhentikan atas sebab-sebab tertentu;
c. Sakit berterusan yang tiada peluang untuk sembuh dengan pengesahan doktor perubatan Kerajaan;
d. Keilatan kekal dengan pengesahan doktor perubatan Kerajaan;
e. Kematian penerima manfaat; atau
f. Kematian pendeposit.

This post has been edited by CSS: Dec 1 2012, 01:20 AM