KUALA LUMPUR, 14 November 2020:The Employees Provident Fund (EPF) is finalising the details of the access to Account 1 facility, to be called i-Sinar, and will announce it on 18 November 2020. i-Sinar was developed after exhaustive and detailed consultation with key stakeholders in order to address the present challenges faced by affected members while ensuring some future retirement savings for them.
The EPF believes that the total amounts available under i-Sinar together with the maximum withdrawal of RM500 a month from Account 2 under the i-Lestari facility (launched in April 2020), will allow affected members to sustain themselves in the short term. i-Sinar further expands on the estimated total withdrawal amount of RM30 billion under i-Lestari which will be ending March 2021.
Applications for i-Sinar will begin from December 2020 and amounts will be credited into members’ bank accounts starting January 2021 onwards.
Issued by the EPF Media Desk Corporate Affairs Department
14 November 2020
About the Employees Provident Fund (EPF)
The Employees Provident Fund (“EPF”) is one of the oldest retirement funds in the world. Established in 1951, the EPF is a social-security organisation focused on safeguarding member savings and delivering excellent services. In recent years, in line with its vision of helping members achieve a better future, the EPF has expanded its role to encompass the creation of a comprehensive social well-being ecosystem. Today, the EPF remains steadfast in its commitment to members through consistent efforts to update and improve itself, in order to build the foundation for sustainable, holistic and equitable well-being for all Malaysians