EPF members can submit online for education withdrawals

KUALA LUMPUR: The Employees Provident Fund (EPF) has expanded the e-Withdrawal facility to include education withdrawals.

The EPF said on Friday  members could submit their application online to withdraw from their EPF savings to finance their own or their children’s education fees at local higher learning institutions.

The provident fund said this was the second addition to the e-withdrawal facility after housing withdrawals.

From the initial RHB Bank, the other financial institutions which are part of the e-withdrawals are RHB Islamic, Maybank, Bank Islam, Oversea-Chinese Banking Corporation (OCBC), Bank Simpanan Nasional (BSN), Ambank and United Overseas Bank (UOB). 

EPF deputy CEO (operations) Datuk Mohd Naim Daruwish said the e-withdrawal was one of EPF’s breakthrough service to enable members with i-Akaun to submit their withdrawal applications anytime, anywhere.

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Source: The Star Online, 22 April 2016.