SEREMBAN: The National Higher Education Fund Corporation (PTPTN) is targeting to receive more than RM1bil in deposits this year through its National Education Savings Scheme (SSPN), with an estimated 500,000 new account holders.

PTPTN chairman Wan Saiful Wan Jan said the projection was based on the RM1.13bil in deposits received last year through 678,829 account holders.

Between January and July this year, the scheme received RM477.25mil in deposits through 256,135 new account holders, he said at the launch of Negri Sembilan-level tour yesterday by Mentri Besar Datuk Seri Aminuddin Harun.

Wan Saiful said the positive response was a good development and hoped that public awareness of the importance of saving money would continue to expand.

Established in 2004, SSPN had received a total of RM5bil in deposits through 4.2 million account holders.

Aminuddin meanwhile urged parents who were still without education financial planning for their children to take the first step by opening an account with PTPTN.

At the event, 320 underprivileged students across the state were provided with SSPN accounts, with each containing a deposit of RM100. — Bernama

Read more at https://www.thestar.com.my/news/nation/2019/09/23/ptptn-targets-rm1bil-deposits-in-new-accounts