I would presume its not automatic that the EPF contribution will be reduced from 11% to 7%?

thanks for the replies.

so assuming if one does have more than RM1mil in epf, and he/she chooses to carry out self contribution of RM60k max, potential downside may be withdrawal of the self contribution amount may be capped to 30% of it in account 2 only if the self contribution is deposited and spread as per the ratio.
whatever self contribution that lands in account 1 will be permanent until the age limit is achieved, right?

may not answer your query, but hope that this would be just an added info to you and others

not sure about Maybank, but for PBB there is a forummer posted
"For self contribution, its possible to transfer RM60K one shot on PB e-banking."
"Using PBB ebanking, no security device.
For Rm60K one transaction, just using fone and TAC number."

if interested can check out more of his postings in
page 195, post 3900
page 196, post 3906, 3910
page 197, post 3929
EPF DIVIDEND, EPF
https://forum.lowyat.net/topic/2705461/+3900

thus if confirmed Maybank has limits of 5K, then maybe you can consider PBB online then?

Just make multiple 5k via M2U into EPF, can do multiple transactions in a single day.
Cannot raise limit, that is the max.

Well, i just want to know how u guys thinks. If aunty uncle also think like, no ppl will panic withdraw ald. It is a fun thing to see different kind of opinion.

ah thats what i have been doing, multiples of 5K
thanks for letting me know, strange this maybank told me 15K limit

Please update us if you can view it b4 the distribution. Thanks.

Hi there...can you see the new amount already under withdrawal eligibility ?

You might want to contact your bank to follow up with the
transaction reference number.

So yours updated under Withdrawal Eligibility?

Yes, I made RM 60k self contribution using PBe on 2/1/2021 and I didn't see any changes under Withdrawal Eligibility.
So is the amount be updated after 2020 dividend declared?

I did the online payment on 2-Jan, and the new balance was reflected under withdrawal eligibility (logged in via the KWSP portal, not via the smartfone i-akaun app) during the evening of following Monday.

Account Summary figure same with Withdraw eligibility 

Monday I bank in 1k, today Wednesday the Withdraw eligibility had reflect the this extra 1k.

Since 2/1/2021

Please update us if you can view it b4 the distribution. Thanks.