- if appear in 1 Feb 2020 whole Feb enjoy the monthly interest.
No

- if appear in 31 Jan 2020 lose 1 day interest, but after this Feb and all month enjoy interest.
Yes

- if appear in 2 Feb 2020 lose whole Feb month interest, but after this, Mac and all month enjoy interest.
yes

- You self do a counting?
No. in EPF i trust/believe

- You have above situation or not?
No

Thank you for your reply, so no brain ask again, I worry not clear.
That's mean want before 1 Feb 2020 saw the i-Akaun amount appear, that mean safe date is 31 Jan 2020 or before 31 Jan 2020 saw the i-Akaun amount appear, if the 1 Feb 2020 saw ready too late.

I need counting 3 days more, that's mean 25 Jan 2020 bank in, then make sure 31 Jan 2020 saw the amount in i-Akaun, I can assumed the Feb and all months enjoy interest?

Thank you for your wrote above before, if not saw your wrote, I though the EPF counting dairy no need full month also can, now thank you for your reply too.

yes

I read the excess amount can withdraw anytime. However, does is restricted to account 2 only?
Let say I have 1.5m.
In 70:30
1.05m and 0.45m

Meaning I can withdraw 500k or 450k?

500k

U can take from account 1 if account 2 is insufficient.
Also min withdrawal is 50k

Source

Below is my own experience.

if appear in 1 Feb 2020 whole Feb enjoy the monthly interest.
if appear in 31 Jan 2020 lose 1 day interest, but after this Feb and all month enjoy interest.
if appear in 2 Feb 2020 lose whole Feb month interest, but after this, Mac and all month enjoy interest.

- self contribution via bank on 1/3/2018. appear in EPF account in 2/3/2018. Dividend for Mar2018 till Dec2018. This year will try bank in say 27/28 of the month, to try out the dividend calculation.


2.)If every month no top up, but have balance in EPF, this is not complicated counting and use the calculation(Base on counting others, the counting more complicated than above EPF, the results can call very absolutely not wrong count, even of 1 cent), but why use the same counting, the results of above EPF each account can less RM 0.02.
You self do a counting?

- yes, I do my own calculation. if total +/- 5 sen, I take it correct. unless you manual key in after the calculation like rm123.456, you re-key into the worksheet as rm123.46. then, it should be okay.

Yes, that's correct.

Regarding the minimum withdrawal, it used to be minimum RM50K once per quarter, but it appears they have removed that requirement. It now states as follows:

What You Can Withdraw
Any Amount, Any Time in excess of RM 1 million in savings

Thanks neverfap and zapster.

One more question, can I know how to make contribution into epf? I'm using cimb but couldn't find it. And is it we need to contribute under self contribution? I just wan to put inside like normal epf..not those what unit trust what fund

try under payment option?

my PBB online was under that option....then select self contribution tab

This post has been edited by yklooi: Jul 17 2019, 11:41 AM

Thank you for answer.

1.)I also test, but I thought you better counting 3 days, because I find LOWYAT preview post, the KWSP reply the forumer answer is 3 days. One day I can't and you want remember 3 days fall on business day or not, so if ok give 5 days, better lose whole month interest if you put big sum. Others about EPF you should self check to consider your situation.

2.)Others start balance and ??? amount monthly I still not learn and try how to count, so I don't know. Below this example very simply, just start balance and without monthly, so just use the amount * day/day * interest * 100 like that. Another way is use start balance counting every month, the results is same, but when compared with EPF result each account less RM 0.02. I find Internet post, if I not wrong 2008 year some also have this question. Another Internet counting have example shown EPF give more cents. They wrote rounding problem, but feeling weird.

I guess not rounding problem, maybe the EPF member pass away, the help RM 2500, so depend the yearly situation, if many apply less RM 0.02, less apply less RM 0.01, use this support? but EPF news wrote this RM 2500 is EPF money and EPF want give help, if nobody apply also give back all EPF member, so I don't know.

Ok is ok, just for math only, don't know how to count, if counting wrong, this is mean I no brain don't know how to count can assumed wrong count. Math or account want match result. My count not same result of true EPF result, so not beauty count page shown, so if all counting also each account +- RM 0.02, so maybe I'll give up find above answer and follow EPF result then thought how to beauty count page. Beauty the count page just for hobby like that.

Thats great news. If any contributor has excess of RM 1 million in EPF, then its better to dump in extra cash into it and earn better interest rates than putting it into regular FDs. In case of emergency usage, can withdraw anytime with no fuss.

Some told me that a salaried employee unable to contribute, is that true because I never try it.

My friends who contributed are housewife and businessman..but I'm just a normal employee, can i contribute up to 60k like those self employed and enjoy dividend as usual?

I checked EPF website. It stated for salaried person can only increase the contribution %, please advise. Thanks

many people had mentioned they had done that self contribution, but if you are doubtful can try the this option
Simpanan Tambahan KWSP
http://www.kwsp.gov.my/ms/member/contribut...gs-contribution

do you have online banking?
if YES, try goto payment option to see if your online banking portal has that option for self contribution or not.
some one mentioned that his PBE online has that option.

Can, I did it this year. I am salaried employee. Though maybank2u

Can contribute upto RM60k regardless of your salaried contribution. I have been doing it for quite a number of years for my account and my wife.

This post has been edited by magika: Jul 19 2019, 01:54 PM

Can I know is there anyway to contribute without public bank online banking, I dont have pbb account.
I have cimb, hlb and rhb. Cimb has the option to transfer to epf but didn't state that it is self contribution, and I cant find any option to change the limit, it stated max rm5000.

Is that 60k additional savings into epf will earn dividends as usual?

I don't understand your confusion.

I have CIMB and there is option to transfer to EPF. It's pretty straighforward.
If you're talking about automatic deduction, isn't that done by your employee, not from your own CIMB account?

i just transfer whenever I want from my CIMB account, and it just shows up as self contribution on EPF statement.

>and I cant find any option to change the limit, it stated max rm5000.
Well, I'm not that rich but have you tried breaking it into multiple transactions over time?

>Is that 60k additional savings into epf will earn dividends as usual?
I'm trying not to sound snarky, but the answer is a pretty obvious yes.

The option for self contribution is intended for those who are self employed but EPF didn't restrict salaried employees from self contributing. If you are doubtful, try to top up a small amount and check your EPF account 2 working days later.

As for maximum contribution via online banking, it's RM5K per transaction. If you want to contribute more, just do multiple transactions. Max is RM60K per year.

Well you can always try. Not true. Can put in max RM60k/year if you have the cash.

See reply above.

Key in your EPF account no. No need to state self contribution or what. I use maybank so cannot really comment about Cimb, HLB or rhb. Not sure which bank allows self contribute to EPF. Best to check with customer service
1) whether they support self transfer
2) if yes what are the steps.

Just drop them an email.

Whatever money you put into EPF will get dividend.

This post has been edited by Ramjade: Jul 19 2019, 07:49 PM