KUALA LUMPUR, Aug 20 (Bernama) -- As of December 2017, Bank Simpanan Nasional’s (BSN) Student Saving Incentive Scheme (SGSP) has collected more than RM566 million in savings from schoolchildren aged seven to 17.

In a statement, BSN chairman, Tan Sri Abu Bakar Abdullah, said this is very encouraging.

“Up till December 2017, over 1.12 million students in Malaysia have joined the scheme compared to just 1.02 million in 2016. Some 7,836 schools have also joined this year. This is 77 per cent of the 10,180 schools that have joined the scheme. Prouder still is that 1,270 of these schools are BSN’s adopted schools,” he said.

In encouraging the saving culture, BSN started a SGSP competition. At a ceremony today at Sekolah Menengah Kebangsaan Putrajaya Presint 16 (1), the BSN chairman and an official from the Ministry of Education handed out cash prizes amounting to RM200,000 to 118 winners.

The prizes were for highest amount of savings and SGSP participation in two categories: individual and school. Another category has been added for 2018 targeted at BSN’s adopted schools, bringing the total cash prize to RM235,000.

For more information, visit www.mybsn.com.my

-- BERNAMA