Covid-19 Government Prihatin Rakyat Economic Stimulus Package

EPF i-Lestari Withdrawal Scheme 
(announced on March 27, 2020)
Covid-19 Malaysian Government
Assistance & Aid

Covid-19 Government Prihatin Rakyat Economic Stimulus Package
EPF i-Lestari Withdrawal Scheme 
(announced on March 27, 2020)
Still updating.....

What is the programme about?

The EPF i-Lestari Withdrawal Scheme allows members to withdrawal from their Account 2 savings beginning 1 April 2020. i-Lestari will provide some relief to those financially affected during this period of concern and uncertainty.

Members can submit their applications for i-Lestari Withdrawal beginning 1 April 2020 until 31 March 2021. (Applications must reach the EPF on or before 31 March 2021)

Withdrawal Conditions

The i-Lestari Withdrawal conditions as follows:

  • withdrawals can only be made from Akaun 2.

  • the number of monthly withdrawals one is entitled to be the maximum amount of 12 monthly withdrawals.

  • i-Lestari Withdrawal is valid from 1 April 2020 until 31 Mac 2021.

Who is eligible to apply?

  • Malaysian citizens, permanent residents and non-Malaysians;

  • Age below 55; and

  • Have savings in Akaun 2.

What is the allowed to the withdrawal amount?

The permitted amount under i-Lestari Withdrawal ranges from a minimum of RM50 to a maximum of RM500 a month; subject to the amount of savings available in the member’s Akaun 2

How to apply?

A complete application form can be submitted to the EPF beginning 1 April 2020 through the following methods:

  • Online (use e-Pengeluaran via Member’s i-Akaun)

  • By e-mail addressed to: ilestarimohon@epf.gov.my; or

  • By post addressed to:

  • Kumpulan Wang Simpanan Pekerja, Karung Berkunci No 220, Jalan Sultan 46720, Petaling Jaya with the note (Attention to: i-Lestari) written on the front of the envelope

To ensure a faster approval process members are encouraged to submit their applications online via e-Pengeluaran.

Manual submissions sent through methods (b) and (c) will take a longer processing time.

However, withdrawal applications for non-Malaysians can be made via methods (b) and (c) only.

How will payment be made?

Requested withdrawals will be credited to the member’s bank account on a monthly basis (recurring for the subsequent months)

When will payment be made?

  • For withdrawal applications received in April 2020, payment will be made in May 2020.

  • For withdrawal applications received after April 2020, withdrawal payment will be made from the date the withdrawal application is received by the EPF.

Programme Brief

Assistance: Up to RM M500 per month withdrawal from EPF Akaun 2
Income Group: All EPF members
  

Contacts

Ministry: Ministry of Finance 
Agency: The Employees Provident Fund (EPF)
Website: https://www.perkeso.gov.my/index.php/en/wage-subsidy-programme
Email: ilestarimohon@epf.gov.my

Mailing address: Karung Berkunci No 220, Jalan Sultan 46720, Petaling Jaya with the note (Attention to: i-Lestari) written on the front of the envelope
Telephone: 03 – 8922 6000

Fax: 03 – 8922 6222

Web-links

List of EPF Offices & Kiosks >

i-Lestari FAQ >

The Covid-19 Government Prihatin Rakyat Economic Stimulus Package
(announced on March 27, 2020)

 

Ministry of Finance Prihatin Website >

https://pre2020.treasury.gov.my/en/

Summary

Prime Minister Tan Sri Muhyiddin Yassin announced a RM250 billion People-Centric Economic Stimulus package (Prihatin) which will benefit all segments of the society.

  • RM128 billion for the people’s welfare

  • RM100 billion to support businesses, including Small and Medium Enterprises (SMEs)

  • RM20 billion has been announced in the earlier stimulus package

Contacts

Location: Malaysia

aNewMalaysia101@gmail.com

If you have any positive ideas or comments to share or help us improve our work, we would love to hear from you.

01/ Government Programmes|

Cost of Living Reliefs

02/ Government Programmes|

Basic Essentials

03/ Government Programmes|

Safety Nets

  • Retirement & Savings

  • Employment

Follow the Journey of the New Malaysia

ANM in the News > 
Building A New Malaysia >

Malaysia in Transition​
ANM News Archive >

The New Propositions >

The New Government >

Things that Matter to all Malaysians

Living in the New Malaysia

Malaysian Government Assistance Programmes >

Quicklinks to get Government Help >

Fuel Prices >

The Malaysian Ringgit >

Disclaimer

Mybenefitsnews is not responsible for any loss or damage caused by the usage of any information obtained from this website

  • White Facebook Icon