April 8, 2010

EPF revises minimum withdrawal limit

THE Employees Provident Fund (EPF) has halved the withdrawal limit for members with more than RM1 million in savings and they can only do so once every three months.

In a statement yesterday, EPF said contributors with more than RM1 million can now only withdraw RM50,000 at any one time.

No reason was given for the change in ruling.

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About Me

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Ibrahim bin Ramli@Nuang started his career with CIMB Wealth Advisors Berhad as Agency Manager in April, 2008.Previously he was an Internal Auditors and Accounts Executive with Perodua Sales Sdn Bhd since 17 August, 1994. His background:- 1.Certified of Achievement for Master Sales Leadership from Dr Lawrence Walter Ng of President of The Art Of Learning and International Of Learning Without Learning 2.Certified for eXtra Ordinary Performance of Lawrence Walter Award Certificate for One Million Ringgit Club 2007 3. Certified Life & General insurances 4. Conferred with Diploma in Business Studiess & Bachelor of Business Admin(Hons)Finance from UiTM, Terengganu Branch & Shah Alam respectively;

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