EPF to announce Account 1 withdrawal details on Nov 18

 

The Employees Provident Fund (EPF) will announce the details for members to access their Account 1 facility, known as i-Sinar, on Nov 18.

It said i-Sinar, which is in the process of being fine-tuned, was the outcome of in-depth consultation with stakeholders so that affected members are able to go through this difficult time but also ensure their retirement savings for the future.

"EPF is confident the amount that can be accessed from i-Sinar together with the maximum withdrawal of RM500 a month from Account 2 under the i-Lestari facility (launched in April), will enable affected members to fend for themselves in the short term," it said in a statement today.

I-Sinar is an extension of the i-Lestari withdrawal facility which has now reached an estimated total withdrawal of RM30 billion and will end in March 2021.

Applications for i-Sinar can be made from December and the amount will be credited into EPF members’ bank accounts starting January.

- Bernama