The Skim Simpanan Pendidikan Nasional (SSPN) or National Education Savings Scheme is a savings plan specially designed by Perbadanan Tabung Pendidikan Tinggi Nasional (PTPTN) or the National Higher Education Fund Corporation to enable parents/guardians to invest for their children's higher education.


  1. To assist parents in making systematic financial planning for their children's higher education.
  2. To inculcate the culture and habit of saving among parents and students.
  3. To overcome financial problems faced by parents and students, especially those with low incomes.


Following are the 3 categories of depositors that are eligible to open SSPN account:

Category Descriptions
1 Account can be opened by parents/guardian or other Malaysian citizen for any Malaysian citizen below 18 years, and are eligible for the account until the age of 28 (inclusive of one day before age 29).
2 Malaysian citizen aged 18 years and above are given the choice to open the account under their own name or an account opened by their parents/guardian

Note:   An individual aged below 18 years is not eligible to open SSPN account under their own name.
3 Malaysian citizen aged 29 years and above must open the account under their own name.

Note:   Non-citizens or permanent residents are not eligible even though their children are born in Malaysia.


Documents Required

  • Completed SSPN Application Form
  • Completed deposit slip with an initial deposit of minimum RM20.00
  • Copy of MyKad/Military Card/Police Card of the depositor
  • Copy of MyKid/Birth Certificate/MyKad of the child
  • Certification of Adoption (if the SSPN account is meant for an adopted child)
  • Copy of Payslip/J Form/Confirmation of Income of Depositor and spouse (only applicable for depositors who wish to obtain Matching Grants ("Geran Sepadan") incentive.

Initial Deposit

RM20 during the opening of account

Delivery Channels

Customers can open SSPN account at any Maybank branch and also make deposits with these channels:

1. Maybank Branch (Over-the-counter)
1. Cash Deposit Machine (CDM)
2. Automated Teller Machine (ATM)
3. Phone Banking (PB)
4. Internet Banking (Maybank2u)

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