Members of the public went in droves to Employees Provident Fund (EPF) offices to get more information on or opt in for Account 3 after its introduction.
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NewsTranscript
00:00 Many people were at the Employees' Provident Fund EPF office in Rawang on Tuesday
00:06 following the introduction of Account 3, known as Account Flexible.
00:11 Some wanted more information on the option,
00:13 while others were updating their contact numbers to use the EPFI account app.
00:19 Account Flexible was introduced on May 11
00:22 to allow members to withdraw their EPF savings of between RM50 and RM250 per day,
00:29 the withdrawals could be transferred to their bank accounts.
00:32 Withdrawals can be made using the EPFI account app or from EPF branches nationwide.
00:40 Members can choose to transfer a portion of their savings to Account Flexible
00:44 from May 12 until August 31, 2024.
00:49 EPF said members do not need to be physically present
00:52 for identity verification at EPF offices as it can be done online.
00:57 However, withdrawals are subject to the member's previous withdrawal history
01:02 and the withdrawal amount does not exceed RM30,000.
01:06 The existing EPF Account 1 has been renamed
01:09 Account Persaraan and Account 2, Account Sejahtera.
01:12 Thank you.
01:14 [ Silence ]