No need to log into your i-Akaun. No need for manual forms. And certainly, no emails (or snail mail) needed. The Employees Provident Fund (EPF) has introduced a fuss-free, quicker way to apply for the i-Lestari Withdrawal scheme. Thanks to its newly-launched dedicated portal, you can breeze through the application process in just two minutes.
In case you were not paying attention, the government introduced i-Lestari as one of the relief initiatives to help people weather the impact of the COVID-19 outbreak and the Movement Control Order (MCO). Its sole purpose is to free up emergency funds for individuals and at a macro level, stimulate the economy by giving people more spending power.
Under the i-Lestari Withdrawal scheme, eligible EPF members can withdraw up to MYR500 per month from Account 2 for a period of 12 months starting from 1 April 2020 until 31 March 2021. This scheme is open to all members aged below 55 years old. It is said to benefit 12 million EPF members, translating to around MYR40 billion worth of withdrawals.
Previously, there were several (tedious) ways to apply for the scheme. Members can do it only via EPF’s i-Akaun (under e-Pengeluaran); by filling a form and emailing to firstname.lastname@example.org; or by sending the form via snail mail.
There’s now an easier way.
Thanks to the dedicated i-Lestari portal, you can be in and out in a couple of minutes.
How to apply
Firstly, head to https://ilestari.kwsp.gov.my. Simply provide your full name, IC number, mobile number, mailing address, preferred withdrawal amount (MYR50 to MYR500), and your bank account details. Once that’s done, simply click “Send.”
The status of your application can be checked in two working days time via the same portal. EPF will also send an SMS to your registered mobile number once the withdrawal has been successful.
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