In a statement on Sunday (July 11), EPF said eligible members are allowed to withdraw up to a maximum of RM5,000 subject to the total combined balance in both Accounts 1 and 2.
“The approved withdrawal amount will be paid for a period of up to five months, with a fixed monthly payment of RM1,000 per month subject to savings balance.
“The first payment is expected to be credited into the respective members’ bank accounts from August,” it said.
Applications can be made through its website icitra.kwsp.gov.my.
The initiative is being made following the announcement of the National People's Well-Being and Economic Recovery Package (Pemulih) by Prime Minister Tan Sri Muhyiddin Yassin on June 28, as a temporary relief measure to help tide EPF members over during the Covid-19 pandemic.
Members may refer to the fund’s official communication channel at www.kwsp.gov.my or call the i-Citra hotline at 03-8922 4848 for more information.