Sspn Dividend 2024 Payout Date: PTPTN Interest Rate History
The National Education Savings Scheme is a savings scheme that was introduced by the National Higher Education Fund Corporation (PTPTN) in 2004. This scheme is designed to encourage parents and guardians to make savings for their children to be used for pursuing higher education.
On the other hand, these savings are guaranteed by the Malaysian government, which was specially created for children’s education financing.
SSPN’s account is managed by PTPTN under the Islamic concept of “Wakalah Bil Istithmar”. By this means, all depositors who invested their savings in an accounts are subject to this concept.
In addition, depositors are also entitled to save money for their children’s educational purposes, receive tax relief on current net savings up to RM8,000, be exempt from income tax and receive takaful protection for savings greater than RM1,000. Therefore, parents and guardians who open an account will enjoy various benefits as it is an all-in-one savings.
Dividend SSPN 2024 Payout Date
When the payout date will be?
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PTPTN has announced that dividend payout date for year end 2022 will be 3.05% of the total savings made by the depositors.
Individuals who have an active account will be entitled to receive dividends.
The dividend payout date 2024 will be distributed, and checking can be done online through the official website starting on 6 April.
How To Open SSPN Account
Accounts have been introduced with the aim of fostering the spirit of saving among parents for their future children’s education savings.
Parents and guardians who are interested in opening an account can make an online application through the official website.
Here are the steps to open an account;
- Applicant needs to visit the official website at https://www.ptptn.gov.my
- The applicant needs to choose the package available either Prime or Plus and click on the package provided.
- Fill in the application forms with all the personal information completely.
- Choose the payment method provided for monthly deductions.
- Read and tick on the terms and conditions.
- Click “Confirm”.
- Then, the applicant needs to make a minimum deposit of RM20 as registration payment.
- Finally, the application of opening an account successful.
How To Deposit Via Maybank2u
Deposits of monthly savings can be made through the Maybank2U apps. Depositing can be done through these steps;
- Log in into Maybank2U at https://www.maybank2u.com.my
- Click on the “Pay & Transfer” icon.
- Choose “Payee” and then, type PTPTN as a payee.
- Choose “PTPTN – SSPNIPlus”.
- Fill in the savings amount, account number and phone number.
- Click on “Pay” button.
- Request TAC and fill in the TAC number correctly.
- Lastly, depositing in an account is successful.
How To Check Dividen SSPN 2024
The dividend received by depositors can be checked online through Online.
It is designed to make it easier for depositors to deposit and check their account statement.
Below are the steps to check the dividend;
- Log in to your account; however, for new users, registration needs to be made first.
- Fill in your identification number and password to log in.
- Then, click on account number on the main page to check the current balance.
- Finally, the dividend will appear along with the current balance.
How Is Dividend Calculated
A total dividend for the entire year will be calculated based on the monthly balance.
All withdrawals or adjustments to the current account will be taken into account in the dividend calculation process.
Depositors that receive ptptn dividend payouts are based on the net returns on investments made in the calculation account.
Hence, the ptptn dividend is calculated through the dividend calculator, as shown in Figure 3.0 on https://www.ptptn.gov.my.
Dividend History For Last 5 Years
The Minister of Higher Education, YB Dato’ Seri Mohamed Khaled Nordin, has announced the dividend rate for 2022 is 3.05%.
An allocation of RM266.17 million will benefit the 5.73 million depositors.
Below is the list of dividend history for the last 5 years;
| YEARS | SSPN INTEREST RATE |
|---|---|
| interest rate 2023 | / |
| 2022 | 3.05% |
| 2021 | 3.00% |
| 2020 | 4.00% |
| 2019 | 4.00% |
| 2018 | 4.00% |
The table above shows that the dividend history have remained consistent for the last 3 years, from 2018 to 2020.
Due to the COVID-19 pandemic, the dividend rates for 2021 is slightly decrease and start to slowly increase again by 2022.
Therefore, the return on investment plays a significant role in increasing the yearly dividend rates through the development of economics.
How Do I Withdraw Money
Every savings that are made to an account is allowed to be withdrawn by the depositors through online and counter transactions.
Withdrawals online are much easier than those made through PTPTN counters.
The depositors need to make an online application through the official website. Below are the steps to withdraw savings from an account;
- Depositors need to log in to their account by entering their ID number and password.
- Click on the saving account from which you want to make a withdrawal on the menu page.
- The full balance of depositor savings will be displayed for withdrawal purposes.
- Choose the savings account to make withdrawals from and fill in the withdrawal information requested on that page.
- Lastly, click on “Submit” button to submit the withdrawal application.
How Many Days Will It Take To Get My Withdrawal
Only successful submissions of each withdrawals shall be entitled to receive those savings.
Generally, the withdrawal process will take 14 working days to be credited into the depositor’s account.
However, a minimum of RM20 needs to be left in the account to be activated.