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 pengeluarankhas.kwsp.gov.my 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 pengeluarankhas.kwsp.gov.my.

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.