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 SSPN, Skim Simpanan Pendidikan Nasional

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WTF2008
post Dec 10 2019, 09:02 AM

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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 Or no longer applicable?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
WTF2008
post Dec 10 2019, 09:38 AM

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Junior Member
180 posts

Joined: Jul 2008


QUOTE(avinlim @ Dec 10 2019, 09:22 AM)
1. Yes
2. RM20
3. Can go PTPTN office or open Bank Islam to withdraw. Not that difficult actually once everythg setup.
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Thanks for the info. So for 3, can i withdraw anytime with any amount at PTPTN office or Bank Islam? Or only 10% of your total amount or RM 500 per max as i copy the statement from google as per my previous post?
WTF2008
post Dec 10 2019, 10:02 AM

Getting Started
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Junior Member
180 posts

Joined: Jul 2008


QUOTE(avinlim @ Dec 10 2019, 09:42 AM)
Where you get this information?

You can read more here : https://sspn-i.com/asas/sspni_vs_sspniplus.html
*
TQTQ!

I got it from here : https://themalaysianreserve.com/2017/03/31/...s-of-sspn-pt-3/
WTF2008
post Dec 10 2019, 10:04 AM

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QUOTE(WTF2008 @ Dec 10 2019, 10:02 AM)
Seems like i can withdraw anytime and any amount from SSPN. Correct?
WTF2008
post Dec 16 2019, 10:57 PM

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Hi bros and sis, want to check. How can we change the address in the sspn-I account?

Is it matter if the address incorrect? I register at the booth and notice the address filled in incorrect after went back home when I login my online account to verify.

Any idea how I can recorrect the address?
WTF2008
post Dec 17 2019, 09:04 AM

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QUOTE(MUM @ Dec 16 2019, 11:58 PM)
Thanks a lot!! WIll give it a try.

Is there a harm if address incorrect? Just 1 digit wrong, from "3" to "2"

Harm such as difficult to withdraw money due to wrong verification, etc ?

 

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