Back in March 2020, our 8th Prime Minister Tan Sri Muhyddin Yassin announces that all employees can withdraw RM500 from their Employee Provident Fund (EPF) account. This was due to the global pandemic of COVID-19 which strikes Malaysia continuously. Now, the government had announced a simpler way to withdraw RM500 from EPF account.
Using the iLestari website, employees can start to apply easily. Previously, you are required to go to fill up forms manually before applying to withdraw the RM500 from your EPF account. With the new iLestari website, you login into your i-Akaun easily. Here’s how you can immediately apply for the RM500 withdrawal amount from your EPF account.
First of all, you need to go to the iLestari website here. Then from the following four options, you need to select the first option “Permohonan Baru”. In the following section, you need to fill in your personal details such as your full name, IC number, mobile number, address, email address and postcode.
Next, you have to select the withdrawal amount. You can choose your desired amount starting from RM50 onwards up to RM500. After that, you are required to select your preferred bank name and enter your account details. Then you can check on the checkbox below to confirm your withdrawal details.
According to KWSP, after applying for the fund withdrawal you need to wait for at least 2 days before checking your submission status. If you did not receive SMS from the KWSP, then you can easily check the status from iLestari portal itself. All you have to do is click on the second option “Semakan Permohonan”. Then you need to provide your identification number and mobile number to check your submission status.
In a nutshell, this is the simple way for you to withdraw RM500 from your EPF account. Do note that, the fund will be credited from your Account 2 only. If the amount in your Account 2 is insufficient, then you will not be able to withdraw the fund.