i-Sinar Payout Starts On 2 March, Says EPF

Employees Provident Fund
Starting 8 March 2021, EPF said that members can also amend their application details such as amount to be withdrawn, bank details, address, telephone number, and payment method on i-Sinar Online.
However, you may want to think twice about this
But, as Malaysians rush to take out their retirement savings, their EPF accounts show they’re not prepared for the bad times, even before the pandemic swept the country.
Based on reports by NST, the Federation of Malaysian Consumers Associations (Fomca) said that although it might ease some burden now, eventually it will have a negative effect in the future as their Account 1 savings will be insufficient to sustain them through retirement.

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