“The deadline for application is April 30 while payment starts on April 20,” EPF said in a statement today.

Members are allowed to withdraw a maximum amount of RM10,000 and a minimum of RM50 and must fully utilise their savings balance in Account 2 before they can access their savings from Account 1.

“Further details will be updated soon,” the retirement fund said.

Prime Minister Ismail Sabri Yaakob announced today that the government is allowing the special EPF withdrawal facility to ease the burden of people still affected by the Covid-19 pandemic.

The government had previously allowed three withdrawal facilities, namely i-Lestari, i-Sinar, and i-Citra, which collectively amounted to RM101 billion involving 7.34 million contributors since the pandemic two years ago.

The three special facilities were pre-retirement withdrawals introduced as temporary measures to help members impacted by MCOs as a result of the pandemic.