With new tech, EPF to drop withdrawal limits | Malaysia
KUALA LUMPUR, Dec 15 — Employees Provident Fund (EPF) members aged 55 and 60 will be able to withdraw any amount from their account whenever they wish, starting January 2018. In a report by The Star, EPF chief executive officer Datuk Shahril Ridza Ridzuan reportedly said this new arrangement was made possible due to an upgrade in the fund’s system. “Under the [current] EPF scheme, there are a number of restrictions on technology in terms of processing,” he was quoted saying.