PETALING JAYA: The National Higher Education Fund Corporation (PTPTN) has announced aid in the form of SSPN savings accounts for the children of firefighters who recently died in a search-and-rescue operation in Puchong.
PTPTN chairman Wan Saiful Wan Jan made the announcement while launching a savings campaign, billed “Kempen Minggu Menabung SSPN 2018”, at 1 Utama Shopping Centre here today.
“It is a form of support for the children of the firefighters who have sacrificed their lives to fulfil their duties. PTPTN will also put in some funds into the accounts.
“I also invite members of the public to contribute, to ensure a brighter future for the children of these firefighters. We will visit the families to determine the amount needed,” he said.
In the incident, six Fire and Rescue Department’s Water Rescue Unit (PPDA) divers drowned after failing to escape strong currents in the disused mining pool while searching for a missing teen.
Meanwhile, increasing parents’ awareness on saving up and planning for their children’s tertiary education is the thrust of “Kempen Minggu Menabung SSPN 2018”.
The countrywide campaign, from Oct 5-7, is being organised for the first time and targets 1,300 new account registrations with a total deposit of RM1.5 million.
“We are confident of achieving the target. Today at 1 Utama, total deposits reached RM50,000 and 30 new accounts were opened as of 10am,” said Wan Saiful at a media conference after the campaign’s launch.
From 2004 till Aug 31, 2018, there were 3.6 million SSPN accounts, with total deposits of RM3.8 billion.
PTPTN hopes to achieve RM600 million in total deposits and 350,000 new accounts for this year.
There were 434,000 new SSPN accounts for this year till Aug 31 2018, exceeding the set target for new accounts.
Apart from that, Wan Saiful also called on parents to make use of the “Geran Sepadan RM500” (GS500) incentive, where for every RM500 deposited by parents into the accounts of their children (aged between 7 to 12), an additional RM500 is credited.
Other benefits by SSPN include tax relief of up to RM6,000 a year and coverage for deposits of up to RM1 million, depending on the package selected in SSPN-i plus.
Also held at the event was the Launch of Bank Islam’s PTPTN Visa Debit-I Card, prize presentations for “Go Cashless and Win” and Wow! lucky draw winners, and the presentation of GS500.