Steps for special EPF withdrawal of RM10,000

KUALA LUMPUR: Members of the Employees Provident Fund (EPF) who wish to withdraw their EPF savings under the Special Withdrawal facility can do so through the portal.

The site can be accessed via the i-Akaun mobile application starting April 1, 2022.

The EPF, had on March 16 announced that application for the withdrawal facility would be open to members below age 55 from April 1 to 30, 2022, while payment will be made beginning April 20.

“A single payment of the amount applied will be credited directly into the members’ respective current or savings bank accounts.

“Members are urged to ensure that their bank accounts are active and registered under their own names,” the provident fund said in a statement Tuesday.

Shared bank accounts or business registered accounts are not allowed.

Members can check their application status starting April 9 via the

The maximum amount allowed for withdrawal under the special withdrawal facility is RM10,000, with a minimum transaction amount of RM50, and members must fully utilise their savings balance in Account 2 first before accessing their Account 1. Members must also leave a minimum RM100 in their account.

For more details, vist EPF website, EPF Facebook, Twitter and Instagram, or contact the Special Withdrawal Facility hotline at 03-8922 4848 starting April 1.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 46
Cxense type: free
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights

EPF , Special Withdrawal facility


Next In Business News

China's central bank renminbi liquidity arrangement includes Malaysia
Global M&A braces for dry spell as boardrooms put expansion on hold
CPO futures market to see technical correction next week
Fed policymakers embrace more rate hikes, markets a little less
Tokyo Gas begins synthetic methane trial using green hydrogen
Bruised US stock investors brace for more pain in second half of 2022
An ‘AAA’ move?
A ‘Volcker recession’ in the making
Real stress hurts bank buybacks
Masayoshi Son’s eternal optimism

Others Also Read