Some 250K,

All banks have it.
No.

NID is not a bank FD, technical it is different with FD.
It is more like structured product.

It is like you give bank a sum of money to invest into whatever as pre-determined investment product.

Money has never made man happy, nor will it, there is nothing in its nature to produce happiness. The more of it one has the more one wants - Benjamin Franklin 

boss you did not answer my question. what I  want to know is whether the interest rate paid monthly can be compounded ? I also know goes into SA.. im asking if i choose not to credited monthly into SA..how does it work..newbie here .thanks

I know that we should not compare FD vs EPF & not to mention the fact that every individual has different risk profile & priorities that change over time; but just for asking sake la: why want to move your cash from FD to EPF?

PS: Which bluechip stock caught your attention?

Same situation for me, but called the EPF CS a few times but was given diff advice. I am currently employed and contributing EPF. Am I allowed to put in rm60k into my EPF account? If yes under which scheme?

If it is not proper to discuss in this thread, pls pm me the outcome of your kwsp visit, thanks in advance.

I typed every individual has different risk profile mah...so, for me FD has the lowest risk. EPF has a notch higher risk than FD, though both are considered to be in the low risk bracket. That's why wanna know your POV why wanna transfer cash from FD to EPF.

IINM, EPF guaranteed a return of 2.5% no matter what happens to the economy, betul ka?

Ai..really beh tahan..want my phone number also..? 
If confirm this PM is from a leng lui, then maybe I give la... 
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OK, thanks...points taken too

The main disadvantage regarding EPF is that I can't withdraw the cash as I wish, so won't be heading towards that direction...yet. Probably will consider it after I'm debt free.

Just a long shot...your 22 years old Proton, is it Proton Saga Iswara?

he must be getting a better car.thinkingg it is Perdana exccept Perdana <22 yrs old? 

Wah, me so keng...1st attempt guess oredi kena cun-cun Do I get a present from you for my keng"ness"?

You also very keng, debt free with enough money to save & invest. Sure won't face any problem that is too difficult to deal with during uncertain economic conditions.

You can make a direct deposit to some of KWSP branches.

KWSP in between Federal Highway and Jalan University (University of Malaya) has
3 counters available for form 6A (1) to deposit money directly.

KWSP in Shamalin Perkasa cannot make direct deposit.

As I know, so far there are 4 banks you can make your Form 6A (1) deposit:
(1) Public Bank
(2) May Bank
(3) RHB
(4) BSN

Maximum deposit is RM 60K per year now.

If you have extra cash that you are not going to use it for many years, I agree to put into KWSP
rather than FD. Besides getting a higher interest rate from EPF, you can skip hassle to chase for musical chair. And also, you can have more time to accompany your family.
Do not forget to put the nomination, but you can change it anytime.

About your 22 years old car,    I understand the way you manage your money.

But since you have extra money, I suggest you to buy a more safety car la...
If you don't think of yourself safety, but you need to think of your family mah..
And also, we want to see you many years here ma..

Or maybe you want to say: I drive slowly only, but what if other careless drivers hit you?

Lagi pun, how many 5 years do we have in a life time..?