1.5 million EPF withdrawal applications in May approved, says finance minister | The Malaysian Insight

About 1.5 million applications to withdraw from EPF have been approved for the month of May, involving up to RM702 million. – The Malaysian Insight file pic, April 21, 2020.

AS at April 17, 1.5 million out of a total of 2.8 million applications for withdrawal from the Employees Provident Fund’s i-Lestari facility for May have been approved, involving withdrawals amounting to RM702 million, says Finance Minister Tengku Zafrul Tengku Abdul Aziz. Under the scheme, EPF contributors may withdraw RM500 a month for 12 months from their Account 2, with total withdrawals estimated to reach RM40 billion.

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