IPOH: The government's special incentive of RM200 per month for all military personnel under 2013 Budget can help generate larger returns if invested wisely.
Second Infantry Brigade Brig-Gen Datuk Md Dzahir Abd Rashid said setting aside the money in the Armed Forces Cooperative or Amanah Saham Nasional Berhad schemes would allow it to grow.
"Those who get enough in monthly salary should consider investing the money," he said in his speech at the annual parade in conjunction with the brigade's 57th anniversary at the army camp here yesterday.
Second Infantry Brigade Brig-Gen Datuk Md Dzahir Abd Rashid giving a word of advice to women recruits at the army camp in Ipoh yesterday
He said based on his calculations, investing the RM200 over a period of 10 years could earn up to RM36,000.
"Families can use this sum to finance their children's higher education in the future."
Dzahir also expressed his gratitude to the government for introducing the group insurance scheme for the armed forces and police.
"Incentives provided by the government should be recognised as a call for the armed forces to carry out their duty of protecting the country to the best of their ability.
"We must realise that as armed forces personnel, we are constantly depended upon to ensure the nation's security."
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