Thought this had been discussed before?

The dividend calculation is based on the lower amount of the particular month, summary as follows :-

A) If you want to contribute, then contribute as late as possible  25/26/27/28th of the month
B) If you want to withdraw, then withdraw as early as possible 1/2/3rd of the month

If you want to know the above calculation for ilustration then as follows :-
Assuming interest 5% p.a

A) Sept 24 opening = RM 100k, contribute RM 10k, ending balance RM 110k. Interest for this month is RM 100k x 5% x 30/365 = RM 410.95 (Principal based on lower of the month aggregate balance)
    Oct 24 Opening  = RM 110k , contribute RM 10k, ending balance RM 120k. Interest for this month is RM 110k x 5% x 30/365 = RM 467.12(Principal based on lower of the month aggregate balance)

B) Sept 24 opening = RM 100k, withdraw RM 10k, ending balance RM 90k. Interest for this month is RM 90k x 5% x 30/365 = RM 369.86 (Principal based on lower of the month aggregate balance)
    Oct 24 Opening  = RM 90k , withdraw RM 10k, ending balance RM 80k. Interest for this month is RM 80k x 5% x 30/365 = RM 339.72(Principal based on lower of the month aggregate balance)

daily aggregated balance just mean take the balance at end of each day and sum them up.

now what is the modified. This is the part where EPF explained with statement "Contributions for a particular month will be eligible for dividend based on the last day of the contribution month until 31st December 2023" and the example in their website.


No mention about this "modified" feature affecting the other activities that can change the daily balance of your EPF account, which basically are only withdrawals.