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Tuesday, April 19, 2011

Hassle-free EPF withdrawals for MyKad holders


KUALA LUMPUR: Employees Provident Fund (EPF) members can now apply for hassle-free withdrawals at age 50, 55 or for savings of more than RM1 million.
The newly-introduced improvement enables members to make the respective withdrawal applications without the hassle of filling up forms, and producing photocopies of identification card and bank account book.
With the new initiative, members are only required to bring their MyKad and bank account book to any EPF service counter.
EPF chief executive officer Tan Sri Azlan Zainol said in a statement here Monday that the new improvement reflected the fund's commitment to constantly raise the bar of its service delivery for the benefit of members.
Azlan said with growing membership base, it was critical to ensure continuous improvement to the EPF delivery system through technology.
As the service is applicable to MyKad holders only, members with military or police identification card or those still carrying the old identification card cannot enjoy the service.
These members would still need to go through the original process of filling up Form KWSP 9 and produce photocopies of their identification card and bank account. - Bernama

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