Govt Announces i-Citra Facility For EPF Members, Withdrawals Of Up To RM5,000 Allowed
Author Avatar

The government has introduced yet another withdrawal facility via the Employees Provident Fund (EPF) members, dubbed i-Citra. Announced during the reveal of the latest PEMULIH stimulus package, EPF members will soon be allowed to withdraw up to RM5,000, depending on the balance in their accounts.

According to Prime Minister Tan Sri Muhyiddin Yassin, the total RM5,000 will be disbursed across a period of five months, with RM1,000 to be credited each month. EPF members who are in need of this assistance will be able to apply for it via an online portal starting from 15 July 2021, and the first payment is expected to begin in August 2021.

Muhyiddin further said that this aid will channel up to RM30 billion worth of financial aid to the public, allowing them to cover their daily needs. It is expected to benefit up to 12.6 million members. That said, he also reminded the public to be prudent in tapping into the i-Citra withdrawal facility as their EPF funds are intended for retirement purposes.

(Image: Bernama)

“This is a difficult decision as the government is aware that the EPF fund is your old-age savings. The i-Citra solution takes the middle road by accommodating the people’s urgent needs as well as allowing reasonable returns for EPF members who do not require withdrawals,” said Muhyiddin in his speech.

For context, this is the third withdrawal facility to be introduced by the EPF, with the initial two being i-Lestari and i-Sinar. The i-Lestari facility allowed members to withdraw from their Akaun 2, whereas i-Sinar provided withdrawals from Akaun 1.

3 7 votes
Article Rating


Comments (1)

Notify of
1 Comment
Inline Feedbacks
View all comments
M Jayianti muthucanum
5 months ago

Want to get my epf number

Top Personal Finance News Articles
Top Personal Finance News Articles
Post Image
Petrol Price Malaysia Live Updates (RON95, RON97 & Diesel)
The RinggitPlus Team
- 24th November 2021
We provide weekly updates on every Friday at 5pm on the prices of RON95, RON97 and Diesel in Malaysia and a chart that shows the movement of fuel prices across a 6-week period. Bookmark this page now!
Post Image
Shopee Introduces SPayLater, Lets Users Buy Items Now And Pay Later
Alex Cheong Pui Yin
- 18th January 2021
Shopee has introduced a new payment feature that lets its Malaysian users purchase items and pay for them […]
Post Image
Best High Interest Savings Accounts In Malaysia (October 2021)
Pang Tun Yau
- 6th October 2021
Make your money work for you by depositing them into the best high-interest savings accounts in Malaysia!
Post Image
Touch n Go RFID: What Malaysian Road Users Need To Know
Jacie Tan
- 10th August 2018
Everyone’s talking about Touch ’n Go RFID being used at Malaysian highway tolls soon – here’s what you need to know about it.

Related articles

Related Posts Image
Related Posts Image
Related Posts Image
Related Posts Image