PETALING JAYA: The Employees Provident Fund (EPF) is working towards removing all eligibility conditions for the i-Sinar withdrawal facility, says Finance Minister Tengku Datuk Seri Zafrul Tengku Aziz. The Star in its frontpage story on Wednesday revealed that eligibility criteria for the i-Sinar facility were to be relaxed to give more EPF members the option of withdrawing money from Account 1 to meet living needs. Sources said the current withdrawal eligibility criteria of a 30% drop in income was quite limited in view of the existing movement control order and its effect on the economy and the general public. “For members who have already applied for i-Sinar under the current criteria, their applications will be automatically approved in due course, ” he added. “Due to system and internal process changes required for i-Sinar Online, it will take the EPF some time to implement these latest updates.

Source: The Star February 11, 2021 23:03 UTC