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Matching Grant is a financial incentive given only to a family whose household income does not exceed RM2,000 per month. The amount of Matching Grant (up to RM10,000) will depend on the duration and amount of savings. The longer the duration of savings and the greater the amount of money saved, the greater the amount of Matching Grant given.
Matching Grant Prerequisites:-
i. Family household income does not exceed RM2,000 per month;
ii. The beneficiary has been offered and has registered to study in a higher learning institution endorsed by the
government; and
iii. At the time of application, the beneficiary must below than 29 years old.
Commencing 15th January 2010, Matching Grant eligibility will be determined base on the family household income at the time of closing the account(s). The latest certified income statement as well as a copy of the spouse’s MyKad/Military/Police Identity Card must be submitted along with the withdrawal application form.
As for the accounts opened prior to 15th January 2010, Matching Grant eligibility will be determined base on the family household income at the time of opening the account(s). A certified income statement as well as a copy of the spouse’s MyKad/Military/Police Identity Card must be submitted along with the opening of account application form.
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