The government will allow all Employees’ Provident Fund (EPF) contributors to withdraw up to RM10,000 from their EPF Account 1 through i-Sinar, said Finance Minister Tengku Zafrul Aziz said in Dewan Rakyat today. He personally said contributors may apply to withdraw their funds online or even visit any EPF office. Tengku Zafrul’s announcement then was greeted by applause from the MPs.
Tengku Zafrul Aziz said, “After discussions with the EPF today, I am pleased to announce that the i-Sinar programme has been opened up to all members whose incomes have been affected regardless of whether they lost their jobs or took a pay cut, and they qualify to make a withdrawal from their Account 1”. He also added, “We are opening this to eight million members, and each member can now withdraw up to RM10,000. Those applying for withdrawals only need to show proof their incomes have been affected”.
Sources: Bernama