In just 10 days since the option became available to members on 12 May.
news Close To 3 Million EPF Members Have Applied To Transfer Over RM8 Billion To Account 3 Cover image via Mohamad Shahril Badri Saali/New Straits Times & Bernama Follow us on Instagram, TikTok, and WhatsApp for the latest stories and breaking news.
"The EPF is expecting the number of applications from members choosing to transfer an initial amount from their Account 2 to Account 3 to continue to rise until the deadline on 31 August," EPF chief operating officer Sazaliza Zainuddin was quoted as saying by the New Straits Times today, 27 May. To reiterate, members can transfer a portion of their Account 2 balance to new Account 3 between 12 May and 31 August. This is a one-time option; if not exercised, the funds will remain in Account 2.While EPF encourages members to utilise withdrawals from this new account in case of emergencies, members can make withdrawals from Account 3 at any time. The minimum withdrawal amount allowed is RM50.
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