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kwsp.gov.my (23.03.2020) Employees Provident Fund (EPF) says that EPF members may apply for the i-Lestari Account 2 Withdrawal Scheme beginning 1 April 2020. They can expect their savings to be deposited into their bank accounts from 1 May 2020.
measures summary
- Effective from 1 April 2020, EPF members age 55 years and below are entitled to withdraw once a month from EPF Account 2 with a minimum of RM50 (USD 11), up to a maximum of RM500 (USD 115) per month from their Account 2, subject to a total capping of RM6,000 (USD 1,380).
- This withdrawal is effective for one (1) year from April 2020 to March 2021 and will be recurring on a monthly basis.
This measure aims to assist and alleviate challenges faced by EPF members in meeting their monthly commitments and cost of living during the COVID-19 pandemic period.
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