To help out those who are in need, our government has announced that Malaysians will be able to withdraw savings from our EPF accounts starting from 1 April 2020. If you still don’t know, the latest announcement from Prime Minister Muhyiddin Yassin just came today reminding us to stay home until 14 April 2020, as Covid-19 cases in the country are still increasing. The movement control order has definitely brought some major effects to people, especially for for financial aspect.
During the movement control order, non-essential businesses are not allowed to operate until the said end date. Therefore, our government is going to let EPF members apply for the i-Lestari Account 2 Withdrawal Scheme at this emergency occasion. Members can get the maximum amount of RM500 every month up to one year. Once the application gets approved, members can get their savings deposited into their bank accounts starting from 1 May 2020.
However, a website known as “semakanonline.com” has surfaced at the same time and claimed itself to be a tool for us to apply for the withdrawal, and it has already been proved by KWSP to be an online scam. Therefore, be aware of fake sources especially at this time when you’re doing something that is related to money.
KWSP has mentioned that the application will be starting from 1 April 2020 for email and post. If you want to do an online application, you will only be able to do it starting from 1 May 2020. For additional information, you can visit KWSP’s official site to find out more about the process.
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