PTPTN DECLARES 4.05 PCT DIVIDEND FOR SSPN SAVERS IN 2024, HIGHEST IN A DECADE

PUTRAJAYA, April 30 (Bernama) -- The National Higher Education Fund Corporation (PTPTN) today announced a 4.05 per cent dividend payout for the National Education Savings Scheme (Simpan SSPN) for 2024, the highest rate in a decade.

Higher Education Minister Datuk Seri Dr Zambry Abd Kadir said the dividend distribution involves an allocation of RM439.87 million, benefiting approximately 6.77 million Simpan SSPN depositors.

“The dividend will be credited directly into depositors’ accounts, and they can check their statements via the myPTPTN app from this Friday.

bootstrap slideshow

“This brings the total cumulative dividends since Simpan SSPN’s introduction in 2004 to RM2.12 billion,” he said at the Simpan SSPN 2024 dividend announcement ceremony here today.

Also present were Deputy Higher Education Minister Datuk Mustapa Sakmud, PTPTN chairman Datuk Seri Norliza Abdul Rahim and PTPTN chief executive Ahmad Dasuki Abdul Majid.

Zambry said the 2024 dividend of 4.05 per cent is higher than the 3.60 per cent paid out in 2023.

He said Simpan SSPN recorded RM3.17 billion in deposits this year, with over 500,000 new accounts opened. Cumulative deposits since 2004 until Dec 31, 2024, stood at RM20.56 billion across 6.77 million accounts.

“This growth is driven by syariah-compliant short and long-term investments in domestic money markets, safeguarding principal while delivering high, positive returns,” he said, adding that this reflects PTPTN's efficiency in managing savings funds based on excellent, integrity-driven and strategic governance.

At the same event, Zambry introduced the Simpan SSPN Prime Loyalty Reward Campaign 2025, offering an additional one per cent bonus to depositors who save a minimum of RM1,000 during the promotion period from May 1 to July 31.

Eligibility extends to those who opened Simpan SSPN Prime accounts between 2004 and Dec 31, 2021.

“As a special reward for Simpan SSPN Prime depositors who save over the long term, PTPTN will provide a Loyalty Reward of one per cent as an additional bonus on top of the annual dividend,” he said.

Zambry said public confidence in Simpan SSPN is further supported by the various privileges and benefits offered through the savings instrument, adding that it is the only savings product that provides individual income tax relief of up to RM8,000 per year on savings.

“In addition, takaful protection for depositors, free matching grant of up to RM10,000 for eligible families, government-guaranteed savings and syariah compliant as well," he said.

-- BERNAMA