HIGHER SIMPAN SSPN DIVIDEND REFLECTS PTPTN’S GOOD MANAGEMENT

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HIGHER SIMPAN SSPN DIVIDEND REFLECTS PTPTN’S GOOD MANAGEMENT
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PTPTN declared a Simpan SSPN Prime loyalty reward of extra 1% for 2023. Brought to you by PTPTNOfficial

Depositors can check their savings statement on the National Higher Education Fund Corporation website or via the myPTPTN app.

“This brings the total dividend distributed to depositors since Simpan SSPN was introduced in 2004 to RM1.33bil,” said Higher Education Minister Datuk Seri Mohamed Khaled Nordin who announced the payment on April 5. Present at the announcement event at the Higher Education Ministry were Deputy Minister Datuk Mohammad Yusof Apdal, secretary-general Datuk Seri Abdul Razak Jaafar, PTPTN chief executive Ahmad Dasuki Abdul Majid and, ministry and PTPTN officials.

PTPTN said the 3.05% dividend shows positive investment returns when compared to the Overnight Policy Rate of 1.75% to 2.75% set by Bank Negara for the period January-December 2022. Mohamed Khaled said that Simpan SSPN deposits had recorded RM3.36bil last year, surpassing the target of RM2.8bil.A total 491,984 new Simpan SSPN accounts were opened in 2022, compared to its target of 400,000 accounts.

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