QuickCheck: Does the EPF allow only monthly withdrawals for those 55 and up?


GIVEN how important the Employees Provident Fund (EPF) is to Malaysians, with many people holding an account with the fund, it is reasonable to say that any claim of an announcement regarding withdrawals would go viral rapidly – regardless of whether it is true or not.

Recently, a poster claiming that EPF contributors who have reached the age of 55 can only withdraw their savings on a monthly basis went viral on social media.

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