EPF revises withdrawal amount

The Employees' Provident Fund (EPF) yesterday announced a revision of the minimum amount that can be withdrawn from accounts containing more than RM1 million.

Its general manager for public relations, Nik Affendi Jaafar, said with the revision, the minimum amount that could be withdrawn each time had been reduced from RM100,000 to RM50,000.

"Members having at least RM1.05 million in their accounts are eligible to withdraw RM50,000 and above once every three months subject to there being sufficient savings," he said in a statement here.

Bernama