If you have more than RM1 million in your EPF, you can withdraw the excess.
http://www.kwsp.gov.my/member/withdrawals/...rm1mill-savings

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

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.

Maybank, CIMB and Public Bank. Not sure about other banks.

Based on my experience, it takes 2 working days to appear in your account.

It takes 2 working days to appear in your account. Try checking tomorrow.

1. Standard ratio.
2. Account 2.

This is an old article which says that withdrawals will be made from Account 2 first, and once that is depleted, then only from Account 1.
https://www.theborneopost.com/2012/03/21/ho...an-rm1-million/

Some of the info here is outdated already, so not sure if it still holds true.

I can't think of any investment vehicle which is risk free and gives consistent returns of more than 5% annually. Plus, majority of our savings are already in KWSP through our employment, and it's the easiest way to accumulate funds to reach RM1 million quickly. We are allowed to withdraw amounts in excess of RM1 million even before reaching 50 or 55 .

It's 2 working days, hence weekend is not counted.

I suppose the self-contribution amount will only be increased to RM100K (from current RM60K) after Budget 2023 is approved on 24 February 2023.