Employee Provident Fund (EPF) Withdrawal Scheme For Education
This scheme allows qualified EPF members to withdraw their savings form the Account No: 2 to finance their children’s study. Withdrawals are allowed for local and overseas education. Maximum withdrawals will depend on the amount of funds the parents have in their Account No: 2 as well as how much the university’s fees are. Members can apply for this scheme on every semester (twice withdrawal in one academic year), or every academic year (one time withdrawal in an academic year), or overall module fees.
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