Hi Bro and Sis,
WOuld like to get an advise and info over this SSPN:-
1. To open an account , i can do it via online over here correct : https://www.ptptn.gov.my/esmas-open-acc-web/#/
2. What is the min amount to open an account and how do i top up moving foward?
3. I read thru google and notice to withdraw money from SSPN is not easy. Is it true? Or no longer applicable?
Found below from Google:-
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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.
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Appreciate in advance for the advise and info.
Thanks
SSPN, Skim Simpanan Pendidikan Nasional
Dec 10 2019, 09:02 AM
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