You can only withdraw RM250 maximum per day from EPF Akaun 3 if you don’t perform e-KYC

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Starting today until 31 August 2024, the Employees’ Provident Fund (EPF) members can opt for the initial amount transfer to the newly introduced Akaun Fleksibel or Akaun 3. Now, further information has popped up regarding withdrawal from the flexible account, including how there’s an RM250 limit per day if members don’t perform electronic Know-Your-Customer (e-KYC). 

As reported by Sinar Harian, the information was published on the KWSP i-Akaun app, iterating that customers can only withdraw up to RM250 per day without e-KYC. Accordingly, you have to go through the electronic identity validation process using facial recognition via the KWSP i-Akaun app to withdraw over RM250.

Should you face a problem with e-KYC on the app, EPF also allows you to make identity validation through alternative methods. These include going to your nearest EPF office for fingerprint validation. 

Do note that you can only withdraw from Akaun 3 if you have a minimum of RM50 in the account. As we’ve alluded to earlier, you can now apply to transfer a set amount from your Akaun 2 to the new Akaun 3 starting today, with the amount varying based on how much savings you have on Akaun 2.

So, what do you guys think of Akaun 3? Share your thoughts with us in the comments below and stay tuned to TechNave for more trending tech news.