In his PEMULIH announcement today, Prime Minister, Tan Sri Muhyiddin Yassin, said that in order to help ease the financial burden of the EPF members affected by the MCO, the EPF will introduce a withdrawal facility called i-Citra.
Through the i-Citra, as many as 12.6 million EPF members can make withdrawals of up to RM5,000 with a fixed payment rate of RM1,000 per month for a period of five months, as subjected to the respective amount of savings for the members.
Members can start applying for EPF withdrawal facilities on the i-Citra online portal at
icitra.kwsp.gov.my from 15 July 2021, with the first payment expected to be credited in the member’s account in August 2021.
“The fact is this is a difficult decision because the government is aware that this is everyone’s retirement savings.The i-Citra solution is taking the mid-road between the rakyat’s urgent needs, and reasonable returns for EPF members who do not require withdrawals.”
What do you think of the i-Citra withdrawal? Let us know in the comments section!
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