PUTRAJAYA: The National Higher Education Fund Corporation (PTPTN) declares a 3.05% dividend for the National Education Savings Scheme (SSPN) for 2022.
Higher Education Minister Datuk Seri Mohamed Khaled Nordin said the dividend involved an allocation of RM266.17mil which would benefit around 5.73 million depositors.
Also present were Deputy Higher Education Minister Datuk Mohammad Yusof Apdal, Higher Education Ministry secretary-general Datuk Seri Abdul Razak Jaafar and PTPTN chief executive Ahmad Dasuki Abdul Majid.As of Dec 31 last year, a total of 5.73 million SSPN accounts had been opened, involving a deposit value of RM14.24bil.
A total of 491,984 new accounts were also opened last year, compared to the initial target of 400,000 accounts. "In addition to being the only savings product that provides income tax relief of up to RM8,000 per year, SSPN is also equipped with takaful protection for depositors, matching grants of up to RM10,000 for each eligible family, guaranteed savings by the government and shariah-compliant investment,” he said.
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