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KUALA LUMPUR: The Employee Provident Fund (EPF) will announce the details of accessing Members’ Account 1 to help them get through the tough time on Wednesday.
EPF said that the program, i-Sinar, is perfected and is the result of consultation with stakeholders to ensure that taxpayers can withdraw part of their savings and also have enough for their future well-being.
“EPF is confident that the amount that can be accessed from i-Sinar along with the maximum withdrawal of RM500 per month from Account 2 under the i-Lestari facility (launched in April), will allow affected members to avail themselves of themselves in the short term, ”he said in a statement.
i-Sinar is an extension of the i-Lestari withdrawal mechanism which has now reached an estimated total withdrawal of RM30 billion and will end in March.
Applications for i-Sinar, which allows withdrawals of RM 500 per month for 12 months, can be made from December and the amount will be credited to members’ bank accounts from January.
