Bank Simpanan Nasional Act, 1974 provides for the transfer of the powers of management from the Postal Services Department to the Board of Directors which will assume functions and undertake responsibilities in accordance with the objectives of the Act. BSN mission is to improve the economic well being and quality of life of the Malaysian by actively promoting savings, investment and the practice of sound financial management and by providing ready facilities for this purpose.
BSN objectives are to promote and mobilise savings, particularly from small savers, to inculcate the habit of thrift and savings. to provide the means for savings by the general public and to utilise the funds of the Bank for investment including financing of economic development of the nation.
Address:117, Jalan Ampang, 50250 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia