Savings scheme

PTPTN sees record deposits for savings plan

KUALA LUMPUR: The National Higher Education Fund Corporation (PTPTN) recorded a total of RM3.01 billion in deposit collection on behalf of the National Education Savings Scheme (SSPN) for 2021, an increase of RM1.02 billion. RM or 50.95% from RM1.99 billion. in 2020.

PTPTN Chairman Datuk Wan Saiful Wan Jan in a statement today considered it an encouraging achievement as it was the highest fundraising in three years with RM1.14 billion recorded in 2018 and RM1.37 billion in 2019.

“The total amount of SSPN deposits accumulated up to December 31, 2021 was RM10.88 billion, while the deposit receipt for 2021 was RM3.01 billion, or 167.08% of the annual target. of RM1.8 billion.

“This receipt also represents 27.63% of total deposits received since the introduction of SSPN in 2004,” he said.

He said a total of 421,281 new SSPN accounts were opened last year, surpassing the annual target of 400,000 accounts and that as of December 31, a total of 5.24 million accounts had been opened. .

Wan Saiful said that in an effort to improve its service delivery to customers, PTPTN has introduced new channels for loan repayment and savings through strategic partnerships with other parties such as ShopeePay, BESTPay, KiplePay. , KelantanPay, PayHalal, AnsaraPay and SpayGlobal.

Apart from this, online banking payment channels such as JomPay and some banks as well as e-Pay services are also available.

This is in line with PTPTN’s Strategic Plan 2021-2025 which focuses on PTPTN’s digitization efforts, he said, adding that PTPTN will continue to provide the best service to customers in line with new standards and developments in the digital world.

Wan Saiful said that PTPTN had helped 140,977 students continue their studies in tertiary institutions last year through approved student loans amounting to RM3.51 billion.

Of this total, 70,412 students or 49.95% belonged to group B40 and involved a total loan of RM1.95 billion, while the total loan repayment received last year was RM2.36 billion. RM, an increase of 1.01 RM. billion or 74.53% from RM1.35 billion in 2020.

– Bernama

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