Hi there,

Can I check with the gurus here, this i-sarran needs to be registered? Currently I have an EPF account which I have not used for the last 10 years. If I can do internet banking transfer to EPF with options to i-saraan (eg Maybank), do I still need to print out the form to submit to KWSP office?

Alternatively if I already have EPF account, I do not have to register or submit any forms if I do normal self contribution to EPF via online banking. Am I right? Thanks.

Seems like putting in 60k at end Jan would be the best to get div... Hope I am right.

ps: just checked. Seems CIMB click only allows you to transfer money to EPF account based on Account number. Unless this i-saraan scheme has a different account number?

This post has been edited by joeblow: Feb 24 2020, 03:04 AM

Thanks MUM for pointing out. But just to be sure, I did read all 16 pages before posting. The post 128 I think only applies to online transfer.

Anyway I just called up EPF and got the answers.

Not sure why so much calculation on the way dividend/interest works in this forum. Like if I deposit 5th Mar, I will only get dividend from April onwards etc. Maybe I interpreted the posts wrongly. According to the agent I spoke to, interests are calculated daily. So it doesn't matter which day I put in, it will start calculating interest after my i-akuan reflects the amount in.

1. For i-saraan, you have to go to EPF counter to register first and need to wait until it takes effect (5 to 6 working days). Put in 1800 and you will get the govt 250 max. If you never register and try to do online transfer over, according to the agent it will still be put into the i-saraan account 1 but govt will not give you the 15%. A bit troublesome but now still left 3 years unless govt change it again.

2. Only certain banks allow i-saraan online transfer. You can technically do a self contribution of 58k conventional and 2k i-saraan (after register and approval) to get the govt 15%.

All in all quite troublesome, you still need to go down to epf to do this, but 3 years of rm750. Hope this makes sense.

No you need to go down to EPF to fill up the form.

Budget 2023 not yet approved!

Wow this is totally new knowledge to me. I just checked and this year all my self contribution all 4th or 6th of the month. Meaning whole month no interest rate... faint...

I have no issue using it, Android version. But the app claims can do withdrawal, when I go into the app no option for me to do withdrawal. Just shows me the list of items I am eligible to do withdrawal.