News & Reviews:   EPF Account 3

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).

The Employees Provident Fund (EPF) today announced the dividend rates for the financial year ending 31 December 2023 (FY2023) for its members. Recording higher dividends compared to last year, plans for the upcoming flexible 3rd account were also recently unveiled.

The Employees’ Provident Fund (EPF) will be introducing a new flexible Account 3 which allows members to immediately withdraw from. Previously announced by Prime Minister Datuk Seri Anwar Ibrahim during the tabling of Budget 2024, the Finance Ministry has revealed the timeframe for the 3rd account’s introduction.