Epf Account 2 Withdrawal

Epf members may apply for the i lestari account 2 withdrawal scheme beginning april 1 2020. A member can view the passbooks of the epf accounts which has been tagged with uan. Additional forms documents required.

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When you reach a certain age the epf allows you to withdraw partially or in full the savings in account 2.

Epf account 2 withdrawal. Starting 1 april 2020 for email and post. Even before this i lestari program was introduced epf members can already withdraw funds from account 2 to pay for children s education housing hajj and medical expenses. Information is for general reference only is an unofficial summary based on epf s official website. 30 of your total epf savings will be in this account from which you can make pre retirement withdrawals for purposes stated above including housing education and medical.

One mobile number can be used for one registration only. Details on malaysia s epf kwsp account 1 vs account 2 withdrawals. Employees provident fund epf contributors can start applying for the i lestari withdrawal from their account 2 starting today. A maximum withdrawal of rm500 per month.

Facility is effective for a maximum period of 12 months. Withdrawal from members account 2. For epf members that are interested to withdraw you can apply to start from 1st april 2020. They can expect their savings to be deposited into their bank accounts from may 1 2020.

Savings to be deposited in members bank accounts starting may 2020. Epf i lestari account 2 withdrawal facility. To facilitate epf members in preparing for a comfortable retirement the epf allows you to make a partial or full withdrawal from your savings to meet the specific retirement related needs that are in line with the epf s current policies. Eligible members can withdraw up to rm500 month from account 2 for a period of 12 months.

The 15 different categories of withdrawals have been divided into account 1 only account 2 only both accounts withdrawals. This is only applicable to epf members aged below 55 years old. You have the option to withdraw epf savings at age 50 or 55 either partially or fully or at age 60 when you can then withdraw any amount at any time. The i lestari facility will allow you to withdraw from account 2 which accounts for 30 per cent of your total epf account.

Savings in account 2 can be withdrawn under specific conditions. Epf allows pre retirement withdrawals which in a way enhance the retirement wellbeing of our members. Members with authenticated aadhaar and bank details seeded against their uan can now submit their pf withdrawal settlement transfer claims online.