How To Make Withdrawal From Account 2 EPF

How To Make Withdrawal From Account 2 EPF

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Making a withdrawal from Account 2 of your Employees Provident Fund (EPF) involves a specific process depending on the purpose of the withdrawal. Here’s a step-by-step guide:

1. Understand the Eligible Withdrawals

Account 2 withdrawals are allowed for the following purposes:

  1. Education: Payment of tuition fees for tertiary education.
  2. Housing:
    • Purchase of a house.
    • Repayment of a housing loan.
    • Building a house.
    • Reducing or settling housing loan balance.
  3. Health: Payment for medical expenses for critical illnesses or for purchasing medical equipment.
  4. Hajj: For Muslims intending to perform Hajj (conditions apply).

2. Check Eligibility

  • Ensure you have sufficient funds in Account 2 for the intended withdrawal.
  • Meet the specific criteria for each type of withdrawal (e.g., owning property for housing-related withdrawals).

3. Prepare Required Documents

Depending on the purpose, you will need the following documents:

Education Withdrawal

  • Admission letter.
  • Tuition fee invoice.

Housing Withdrawal

  • Sale and Purchase Agreement.
  • Housing loan statement.

Health Withdrawal

  • Medical report.
  • Hospital invoice or receipt.

Hajj Withdrawal

  • Tabung Haji registration slip.

4. Submit Your Application

Option 1: Online Application (i-Akaun)

  1. Log in to your i-Akaun at EPF Official Website.
  2. Go to the withdrawal section.
  3. Select the type of withdrawal and fill in the required details.
  4. Upload scanned copies of the supporting documents.
  5. Submit the application and note the reference number for tracking.

Option 2: Manual Application

  1. Visit the nearest EPF branch.
  2. Obtain the withdrawal form relevant to your purpose.
  3. Complete the form and attach the required documents.
  4. Submit the form to the EPF counter.

5. Check the Status of Your Application

  • Log in to your i-Akaun to check the status of your withdrawal.
  • Alternatively, call the EPF hotline at 03-8922 6000 for updates.

6. Receive Funds

  • Upon approval, the funds will be deposited directly into the registered bank account.
  • The processing time may vary depending on the type of withdrawal, usually within 14 working days.

Tips for a Smooth Process

  • Ensure that all information and documents are accurate and complete.
  • Double-check the eligibility criteria and withdrawal limits.
  • Use i-Akaun for faster processing and tracking.

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