by LYDIA NATHAN / pic by TMR FILE
APPLICANTS for the i-Sinar facility under the Employees Provident Fund (EPF) who submitted their forms before Feb 25, 2021, could expect approval in batches beginning today following the removal of the scheme’s previous criteria.
EPF said in a statement that the approvals will also be for applications that were previously rejected before the adjusted criteria were introduced.
As such, new applications after the removal of the criteria will be opened on March 8, for all other members below the age of 55, subject to their available Account 1 balance, including non-Malaysian EPF members.
EPF said new applications will be processed within five working days of submission, after which members may check the application status and payment date.
Members may amend their application details such as amount to be withdrawn, bank details, address, telephone number and payment method on i-Sinar Online from March 8.
EPF added that the amount for withdrawal and the maximum six-month payment schedule of the amounts withdrawn will be the same as previously communicated.
“For those who have RM100,000 and below in their Account 1 will have access to any withdrawal amount of up to RM10,000. The payments will be staggered over a period of six months with the first payment of up to RM5,000,” the statement read.
For those who have more than RM100,000 in Account 1, they may withdraw up to 10% of their Account 1 savings.
However, the maximum total amount of withdrawal allowed is M60,000. The payments will be staggered over a period of six months with the first payment of up to RM10,000.
For inquiries, EPF said members can contact the i-Sinar hotline at 03-8922 4848 or EPF Contact Management Centre at 03-8922 6000 or refer to its website www.kwsp.gov.my.