KWSP members can withdraw RM500 per month for 12 months start from 1st April 2020

KWSP members can withdraw RM500 per month for 12 months start from 1st April 2020
Prime Minister Muhyiddin Yassin has just announced that KSWP (EPF) members can withdraw funds from their EPF account 2 to lighten the financial burden in the period of MCO & COVID-19 outbreak. 
Eligible EPF members will be permitted to withdraw a maximum of RM 500 per month for 12 months from their EPF Account 2, starting 1st April 2020. This is will be applicable to EPF members aged below 55 years old. This initiative is expected to benefit around 12 million EPF members with an estimated total withdrawal of RM 40 billion.
Please think twice todo this withdrawal, if do not need it, do not withdrawal it as it is your own retirement money after all. If you did it, please use it wisely, this initiatives is to ease your burden in month necessities expenses, not for you to buy luxury items.
For more information, please visit KWSP official website at https://www.kwsp.gov.my/
Besides this EPF initiatives, there also initiative from Perkeso, Online application RM600 from Perkeso.


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