EPF approves 2.5m out of 3.88m applications for i-Sinar


  • Economy
  • Wednesday, 06 Jan 2021

“The current total approved withdrawal amount is RM19.62bil, with the first month’s payout amounting to RM10.07bil to be made in stages beginning Jan 5, ” it said.

KUALA LUMPUR: The Employees Provident Fund (EPF) has approved 2.5 million out of a total of 3.88 million applications for i-Sinar as at Jan 4.

The retirement fund said the approval was for submissions under Category 1 since Dec 21.

“The current total approved withdrawal amount is RM19.62bil, with the first month’s payout amounting to RM10.07bil to be made in stages beginning Jan 5, ” it said.

The EPF also said most of the remaining 1.4 million submissions which have yet to be approved, falls under the criteria outlined under Category 2, which will open for submissions from Jan 11.

It said members who fall under Category 2 are advised to start preparing relevant documents such as official pay slips (which details total salaries including overtime and commissions) and/ or bank statements, for uploading on i-Sinar Online.

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