QUOTE(BoomChaCha @ Mar 9 2015, 10:01 PM)
I deposited banker's check to KWSP counter on 24 Feb 2015, and it was only credited
to my EPF account on 5 March 2015

I alerted you earlier that payment by a cheque to EPF will take 7 working days to clear, & 24/2 to 5/3 is 7 working days.
QUOTE(giko @ Feb 25 2015, 11:15 AM)
I don't think your chq will clear by 27 Feb (28 Feb being a non-banking day) as it takes, per EPF "ruling", 7 working days to credit your a/c. You'll be credited on 5 Mar, I think.
we've also established that payment by cash (but max. of RM10K, OTC @ EPF) or thru m2u only takes 1 working day to clear.
QUOTE(giko @ Feb 26 2015, 09:40 AM)
Just to clarify the EPF self contribution thingy:-
1. Maybank2u sets a RM5K limit per transaction, not daily limit as I initially thought, and as rightly pointed out by diablo2, we can transact 12 times for each RM5K, on the very same day, to achieve the RM60K limit:-
2. MBB cheques of more then RM5K can now be made to EPF - I've done this last year.
3. EPF has set a RM5K daily limit for cash deposited OTC. However the m2u RM5K x 12 times can easily override this!
4. For both cash & m2u deposits, the EPF "clearance" date is the next working/banking day. However a cheque payment to EPF will take 7 working days to "clear".
5. It has been established that the dividend for any deposit made during the month starts on the very last day of that month, provided the next/7 working days "clearance" is within that month.
So after the maximum RM60K EPF self-contribution, it's now onto SSPN (or PTPTN) max dep of RM6K, mainly for the tax relief but the 4+% interest does help too...
