Monday, 28 September 2020,   09 Safar 1442H
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Our History

Our roots date back to the late 19th century when the first Savings Bank service opened in Perak and Selangor. These banks soon became part of the country’s Post Office Savings Bank network which grew to serve over 2.5 million depositors by 1974, with accumulated assets worth over RM537 million.

When BSN was officially established on 1st December 1974, the Bank Simpanan Nasional Act, 1974, enabled the transfer of the management power from the Postal Services Department to the bank’s Board of Directors. With that, BSN was officially launched on 5th December by YAB Tun Haji Abdul Razak Bin Hussein, the Second Prime Minister of Malaysia:


" Bank Simpanan Nasional represents a new way in our efforts to instill thrift

so that the people will be encouraged to save their money. It will maintain

the high standards of the Post Office Savings Bank and at the same time

bring several changes in keeping with present time.


I hope that with the launching of Bank Simpanan Nasional today, it will

develop as a major saving institution and will expand the savings campaign

of the government an anti-inflationary move and quicken the pace of

national development.


Therefore Bank Simpanan Nasional has an important role in the lives of the

people and National Development."


                                    YAB Tun Haji Abdul Razak Bin Hussein.


BSN’s main objective has always been to encourage the development of savings and investment among Malaysians from all walks of life. Today, we continue on our quest by offering even more products and services that cater to the progressive needs of modern life. By doing so, we hope to provide every Malaysian an equal opportunity to enjoy a better life.