i-SINAR: EXPANDED COVERAGE AND MAXIMUM WITHDRAWAL AMOUNT OF UP TO RM10,000 AND RM60,000 FROM ACCOUNT 1
Application begins from mid-December 2020
KUALA LUMPUR, 26 November 2020: The Employees Provident Fund (EPF) will be announcing the details of i-Sinar early next week, following the announcement by Minister of Finance Tengku Datuk Seri Zafrul Tengku Abdul Aziz, during his Budget 2021 winding-up speech today.
This will cover the eligibility criteria of members who suffered significant impact to their income which includes loss of employment or reduction of pay. The fund anticipates that eligible members who fit the criteria can begin applying for i-Sinar from mid-December 2020, with the first pay out beginning a month after their application is approved.
i-Sinar will be complementing other assistance programmes provided by the Government as well as other EPF offerings during this pandemic, such as the reduction of employee statutory contribution rate, the i-Lestari withdrawal facility, as well as the Employer COVID-19 Assistance Programme (e-CAP).
Issued by the EPF Media Desk Corporate Affairs Department
26 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