One mil­lion kids have ac­tive BSN stu­dent ac­counts

New Straits Times - - News -

KUALA LUMPUR: A to­tal of 1.02 mil­lion students from 7,800 pri­mary and sec­ondary schools are ac­tive ac­count hold­ers of the Bank Sim­panan Na­sional (BSN) Stu­dent Sav­ings In­cen­tive Scheme (SGSP).

BSN chief ex­ec­u­tive of­fi­cer Datuk Ad­i­nan Man­ing said the amount of sav­ings by the students who joined the scheme had reached RM579 mil­lion.

He said cam­paigns by BSN, to boost sav­ings, had re­sulted in the rise in the num­ber of students ap­ply­ing for the scheme.

“This achieve­ment is sig­nif­i­cant as it shows that the younger gen­er­a­tion has a habit of sav­ing money.

“It also helps SGSP in­crease sav­ings among students,” said Ad­i­nan at the 2016 Na­tional-level SGSP Awards cer­e­mony here yes­ter­day.

Present were Ed­u­ca­tion Min­istry deputy di­rec­tor-gen­eral Datuk Ah­mad Ta­judin Jab, Bank Ne­gara Malaysia De­vel­op­ment Fi­nance and En­ter­prise di­rec­tor Ma­rina Ka­har and Ed­u­ca­tion Min­istry, Co-Cur­ricu­lum and Arts di­rec­tor Rozainum Ah­mad.

He said dur­ing the cer­e­mony, some 118 par­tic­i­pants un­der the in­di­vid­ual and school cat­e­gories were cho­sen to par­tic­i­pate in a sav­ings com­pe­ti­tion, which has cash prizes to­talling RM200,000.

Ad­i­nan said the win­ners were se­lected based on their net sav­ings, fre­quency of the sav­ings and av­er­age school sav­ings through­out the year, which be­gan from Jan 1 to Dec 31 last year.

“The SGSP is held an­nu­ally and par­tic­i­pa­tion is open to pri­mary and sec­ondary students, as well as their schools.

“BSN has of­fered RM1 mil­lion in in­cen­tives since 2013 to schools that par­tic­i­pate in SGSP,” Ad­i­nan added.

SGSP is a scheme based on a BSN sav­ings prod­uct in­tro­duced in 1982 that aims to en­cour­age the habit of sav­ing money among students and it is a col­lab­o­ra­tion be­tween the Ed­u­ca­tion Min­istry and Ma­jlis Amanah Rakyat.

PIC BY SAIRIEN NAFIS

Ed­u­ca­tion Min­istry deputy di­rec­tor-gen­eral Datuk Ah­mad Ta­judin Jab (cen­tre) and Bank Sim­panan Na­sional chief ex­ec­u­tive of­fi­cer Datuk Ad­i­nan Man­ing with SGSP Awards win­ners in Petaling Jaya yes­ter­day.

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