Online EPF Withdrawal Facility Available For Education Loans Now
Employees Provident Fund (EPF) contributors can now withdraw their savings online via e-Pengeluaran to finance their own or their children’s education at local higher learning institutions.
There are currently 10 higher learning institutions being assessed for integration with e-Pengeluaran, of which three institutions have been confirmed – International Islamic University Malaysia (IIUM), Multimedia University (MMU) and Perbadanan Tabung Pendidikan Tinggi Nasional (PTPTN).
The e-Pengeluaran services are equally extended to more participating financial institutions including RHB Bank, RHB Islamic, Maybank, Bank Islam, OCBC Bank, Bank Simpanan Nasional (BSN), Ambank and UOB Bank.
EPF is working towards having more institutions and banks participate in e-Pengeluaran in order for more members to benefit from the online EPF withdrawal facility.
The e-Pengeluaran is one of EPF’s breakthrough service to enable EPF contributors with i-Akaun to submit their withdrawal applications anytime and anywhere. It also allows them to check the amount entitled for the withdrawal for a particular scheme and facilitates the crediting of the approved amount directly into theirs or participating bank’s account.
EPF contributors are encouraged to use the E-Pengeluaran facility as it is a more efficient alternative to submitting their education withdrawal applications at EPF branches.
The e-Pengeluaran facility is available to all contributors with i-Akaun. Contributors who have yet to register for i-Akaun can do so by contacting the EPF Call Management Centre at 03-8922 6000, via EPF kiosk, by visiting any EPF branches or via an EPF Mobile Team.