Accountability of MBSB BOD.
That's the question.

Well as long bank don't get fine for this kind of incident, accountability down the drain.

By that time revert back to your original account

7B with average amount of less than 3k per person
Is quite good news since the amount is very low so AUM won't have much impact

In a written parliamentary reply to Datuk Seri Mohmed Puzi Ali (Barisan Nasional-Pekan), the MOF said that 2.93 million members, or 22.6% of total EPF members under the age of 55, had made withdrawals through Account 3 during the period, totalling RM6.98 billion, with an average withdrawal of RM2,382.

So less??

Was expecting like 20bil...

EPF boss mentioned previously...

It's only can mean one thing...
Those with significant balance in EPF didn't withdraw their $$$....

Not even 1% of total AUM in EPF
EPF as off march 2024 is holding 1.19T
So to write it out
EPF AUM 1,190,000,000,000
Withdraw 7,000,000,000
0.58% of total AUM

Sinchew reports: https://www.sinchew.com.my/news/20240627/nation/5718826

we are just waiting for the right time

One month outflow is already 7 billion MYR, 12 months = 84 billion MYR

lol no la, most of those who wanna withdraw would have already done so. some of us here waiting to see if there are better opportunities or if they gonna reduce the dividend for account 3

this is a bit too optimistic....

a better gauge would be like 10% of the overall monthly contribution into EPF via salary route... so maybe 1 billion thereabout?

This post has been edited by Wedchar2912: Jun 28 2024, 10:46 AM

Just see the EPF website already know the withdrawal have been peaked....

Those want to withdraw already did so...

Those want to wait & see, already 3bil $$$ parked in account 3... Waiting for right moment / opportunity to move....

So totally 10bil $$$

This post has been edited by nexona88: Jun 27 2024, 07:54 PM

One month withdrew MYR6.98b

No wonder mall + restaurant everyday full & airport everyday like wet market

TQ EPF!

Heyyy ..

Don't forget all the workshops & cars accessories too...

All good businesses for 1m++ period

Hi guys, regarding Acc 3, is there a risk where someday EPF will give lower dividend compared to Acc 1 and 2?
Contemplating moving funds to Acc 3 since I can't think of any downside, seems like a no brainer unless I am unaware of any hidden clauses.
Thanks!

Some had cautioned that, whatever you moved, only 10% will be going to account 3

Oh sorry my meaning was moving funds as initial Acc 3 funding from Acc 2. The one that we can do 1 time transfer before August

2024 don't need to worry since they say same dividend
2025 and beyond high chance might get lower tier dividend compare to account 1 and 2
This give them better excuse to declare lower dividend also ma since money is easily withdrawn

Thanks, that's my concern too. In the event that they set this rule, is it still possible to transfer back to account 2? Or, worst case, withdraw and re-deposit as self contribution into account 1/2?
Thanks!

you think Malaysians has RM7b every month to withdraw