Salary deduction for PTPTN repayment can now be done online

KUALA LUMPUR: The employee salary deduction for repayment of National Higher Education Fund Corporation (PTPTN) loans, which used to be done manually, can now be done online through Portal Majikan Online.

The PTPTN said that the online service could also be used for savings in the National Education Savings Scheme (Simpan SSPN).

"The online service provides a convenient platform for employers with a simpler data verification and review process, with the whole salary deduction process done digitally," it said in a statement here today.

Meanwhile, PTPTN chief executive Ahmad Dasuki Abdul Majid, in the same statement, was quoted as saying that the Portal Majikan Online is a digitalisation agenda towards more efficient and effective services.

"With the portal, employers can make their employees' salary deduction transactions at any time easily, efficiently and safely," he said.

He hopes that employers can assist employees who are PTPTN borrowers, to take the opportunity to make repayments through salary deductions to enjoy the discount incentives given by the government.

"The government, through Budget 2024, agreed to give a 15 per cent discount for PTPTN repayments through salary deductions from Oct 14, 2023 until March 31, 2024," he said.

-- BERNAMA