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 SSPN, Skim Simpanan Pendidikan Nasional

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superhero_123
post Feb 3 2017, 03:03 PM

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Saw this withdrawal info for SSPN. Is this a new rule? Anyone can clarify?

http://www.ptptn.gov.my/web/english/faq-en...sspn/withdrawal


What are the terms for withdrawal of savings?





Withdrawals are allowed after a period of 1 year upon opening of an account. There are 2 types of withdrawals:


•10% withdrawal of current balance OR RM500, whichever is lower, once a year; OR
•100% withdrawal (termination of account) in the following cases:◦The child is offered a place in any higher learning institution;
◦The child has voluntarily withdrawn from the education system OR has been expelled for a specific reason;
◦Suffering from an illness certified by a doctor as being incurable;
◦Experience total permanent disability as certified by a doctor;
◦Death of the child; or
◦Death of the depositor.


superhero_123
post Feb 3 2017, 03:14 PM

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QUOTE(rapple @ Feb 3 2017, 03:11 PM)
This terms has always been there.
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But still can withdrawal all/more than RM500? This term contradict what other say that can withdraw all? Thanks.
superhero_123
post Feb 3 2017, 03:25 PM

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QUOTE(spreeeee @ Feb 3 2017, 03:22 PM)
how do u get this link? any clickable link?
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Did a 'SSPN withdrawal' from google. Result 2nd or 3rd.... Just worry its a 'coming soon' term...

 

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