{"id":1236,"date":"2018-01-15T22:32:49","date_gmt":"2018-01-15T14:32:49","guid":{"rendered":"https:\/\/www.everydayonsales.com\/news\/?p=1236"},"modified":"2018-01-16T18:27:22","modified_gmt":"2018-01-16T10:27:22","slug":"primary-student-entitled-rm500-gs500-scheme","status":"publish","type":"post","link":"https:\/\/www.everydayonsales.com\/news\/primary-student-entitled-rm500-gs500-scheme\/","title":{"rendered":"Primary Student Entitled for RM500 Under GS500 Scheme"},"content":{"rendered":"<p>If you are a parent of a child aged 7 to 12, then you need to see this.<\/p>\n<div id=\"attachment_1265\" style=\"width: 810px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1265\" class=\"size-full wp-image-1265\" src=\"https:\/\/www.everydayonsales.com\/news\/wp-content\/uploads\/sites\/5\/2018\/01\/GS500-Scheme.jpg\" alt=\"\" width=\"800\" height=\"533\" srcset=\"\/wp-content\/uploads\/sites\/5\/2018\/01\/GS500-Scheme.jpg 800w, \/wp-content\/uploads\/sites\/5\/2018\/01\/GS500-Scheme-300x200.jpg 300w, \/wp-content\/uploads\/sites\/5\/2018\/01\/GS500-Scheme-768x512.jpg 768w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><p id=\"caption-attachment-1265\" class=\"wp-caption-text\">Image via TheMalayMailOnline.com<\/p><\/div>\n<h4>Your kid is now eligible for RM500 savings incentive scheme (GS500) offered by the government<\/h4>\n<p>During the last year 2018 annual budget announcement, government has allocated RM250 million for Insentif Geran Sepadan Percuma (GS500) with RM500 allocated for children aged 7 to 12.<\/p>\n<p>This scheme is basically trying to help student save up and finance for their college or even university payment<\/p>\n<h4>So what&#8217;s do you need to apply for this GS500 scheme?<\/h4>\n<p>You basically need to have a child aged 7 to 12 and you need to open a SSPN1M account with minimum deposit of RM500. You can open a SSPM1M account online via the <a title=\"Link: https:\/\/www.ptptn.gov.my\/web\/guest\/15\" href=\"https:\/\/www.ptptn.gov.my\/web\/guest\/15\">PTPTN website<\/a> or <a href=\"https:\/\/www.ptptn.gov.my\/web\/guest\/simpanan\" target=\"_blank\" rel=\"nofollow noopener\">at designated banks<\/a>.<\/p>\n<p>After you opened the SSPN1M account, parents don&#8217;t need to make another application for the incentive. The RM50 will be automatically deposit (within a month) when the account achieves RM500 in net savings<\/p>\n<div id=\"attachment_1266\" style=\"width: 810px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1266\" class=\"size-full wp-image-1266\" src=\"https:\/\/www.everydayonsales.com\/news\/wp-content\/uploads\/sites\/5\/2018\/01\/GS500-Scheme-2.jpg\" alt=\"GS500 Scheme\" width=\"800\" height=\"533\" srcset=\"\/wp-content\/uploads\/sites\/5\/2018\/01\/GS500-Scheme-2.jpg 800w, \/wp-content\/uploads\/sites\/5\/2018\/01\/GS500-Scheme-2-300x200.jpg 300w, \/wp-content\/uploads\/sites\/5\/2018\/01\/GS500-Scheme-2-768x512.jpg 768w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><p id=\"caption-attachment-1266\" class=\"wp-caption-text\">Image via Tv14.my<\/p><\/div>\n<p>The GS500 incentive can&#8217;t be withdraw until the children is 18 years old.<\/p>\n<p>Make sure you act fast as the incentive is only available for the first 500,000 students to fulfill the requirements.<\/p>\n<p>For more information on the GS500, you can check out the FAQ on the <a href=\"https:\/\/www.ptptn.gov.my\/web\/guest\/sspn1m-gs500\" target=\"_blank\" rel=\"noopener\"><em>PTPTN website<\/em><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>If you are a parent of a child aged 7 to 12, then you&hellip;<\/p>\n","protected":false},"author":3,"featured_media":1266,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[89],"tags":[113,167,168],"class_list":["post-1236","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-featured","tag-gs500","tag-insentif-geran-sepadan-percuma"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.0 - 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