More Than RM1 Million+ Withdrawal
The EPF allows members with savings exceeding RM1 million+ to withdraw funds and manage their excess savings on their own.
Requirements
What You Can Withdraw
Members may withdraw any excess amount from their total savings exceeding RM1 million+. Withdrawals will be made in the following sequence:
Akaun Fleksibel — The amount will first be taken from this account.
Akaun Sejahtera — If the Akaun Fleksibel balance is insufficient, the withdrawal will be taken from the Akaun Sejahtera.
Akaun Persaraan — If the amount is still insufficient, the remaining balance will be taken from the Akaun Persaraan.
Akaun Sejahtera — If the Akaun Fleksibel balance is insufficient, the withdrawal will be taken from the Akaun Sejahtera.
Akaun Persaraan — If the amount is still insufficient, the remaining balance will be taken from the Akaun Persaraan.
What You Need To Know
Additional Information
Payment Methods
- Local Payments
a. Full payment in Ringgit Malaysia (RM) will be credited to your bank account
If you hold an active account with our panel bank and your identification number matches the bank records.
b. You will be issued a Bankers Cheque
If payment to your account is unsuccessful.
- Overseas Payments
Full payment will be made via foreign demand draft (FDD) in one of the following currencies:
i. Brunei Dollar (BND)
ii. Singapore Dollar (SGD)
If your chosen currency is not listed above, full payment will be made via foreign telegraphic transfer (FTT).
Important Reminder
- Certify your documents
Ensure ALL copies of documents have been certified and acknowledged by the authorised persons.
(complete with name, designation and official stamp except for copies of documents which require certification by an EPF officer) - Double check your panel banks
Refer to the list of EPF panel banks for direct crediting of payment into member’s account. - Submit to EPF
Send your completed submissions at your nearest EPF Counter or mail it to the EPF.Post to EPF:
JABATAN PENGURUSAN TRANSAKSI
Menara KWSP
No.1 Persiaran Kwasa Utama,
Kwasa Damansara, Seksyen U4,
40150 Shah Alam,
Selangor.
Related Articles
These articles might inspire you