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Financial how long is the kwsp withdrawal

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cheer83
post Dec 25 2008, 07:36 PM

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QUOTE(starsailor1070 @ Dec 18 2008, 11:55 PM)
Can someone tell me how long do I have to wait for kwsp withdrawal after sign snp? I bought a house in Pristana, Sg Buloh which is lease hold.  plus if there is land restriction or anythings else.. how long do u guys thing I need to wait?
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it's depend on the branch. I got mine within a week. It surprised me. The branch at Danau Kota
b00n
post Dec 31 2008, 12:19 PM

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FYI, there's a lot who got their money in 1 week time.
I've also just went to KWSP yesterday and for further information; for those whom had made their purchases within the time frame of 3 years, they may still remit the money directly into one's personal account even though one already had a housing loan. Applicable only to 1st time withdrawal.

Mine is less than 2 years and they would remit the money directly into my personal account, hopefully in 1 week time too.... wink.gif
Shinja
post Dec 31 2008, 03:24 PM

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Yep EPF withdraw is really quick !
usually 1week working days onli~
vv777vv
post Jan 12 2009, 09:20 PM

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question -

I want to know if I have applied for the withdrawal and approved but I change my mind and decide to sell the house, what will happen? Do i still get my money?

Thanks!!


ckryan
post Jan 13 2009, 11:00 AM

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I have applied my withdrawal for house purchase as well. Btw, my i-account still showing my application status as pending. It means after my status has changed to approved only I will receive my money?
b00n
post Jan 13 2009, 11:51 AM

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Mine says "Lulus" already yesterday but still haven't see the money yet.
Will wait couple of days to see how long it takes from there on.
ckryan
post Jan 13 2009, 02:35 PM

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QUOTE(b00n @ Jan 13 2009, 11:51 AM)
Mine says "Lulus" already yesterday but still haven't see the money yet.
Will wait couple of days to see how long it takes from there on.
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How long you have applied?
b00n
post Jan 13 2009, 05:43 PM

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Mine is on the 31st December and "Lulus" is on the 12th January considering all the public holidays in between i would say quite efficient. Counted exactly 7 working days.
Now it depends on how fast the money got credited into the account.
onlinefever
post Jan 14 2009, 10:15 AM

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if let say the s&p is joint name, but loan only one person name, can both still withdraw from epf ?

This post has been edited by onlinefever: Jan 14 2009, 10:15 AM
b00n
post Jan 14 2009, 10:38 AM

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QUOTE(onlinefever @ Jan 14 2009, 10:15 AM)
if let say the s&p is joint name, but loan only one person name, can both still withdraw from epf ?
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Am not sure. But most probably can as S&P is joint name.
My case is S&P and loan is one name. So my wife can take out the money as helping partner settle loan. However unlike me which the money is directly credited into my personal account, my wife is given a cheque pay direct to the bank.



btw to all, my money is credit last evening rclxms.gif

ckryan
post Jan 14 2009, 01:23 PM

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QUOTE(b00n @ Jan 14 2009, 10:38 AM)
Am not sure. But most probably can as S&P is joint name.
My case is S&P and loan is one name. So my wife can take out the money as helping partner settle loan. However unlike me which the money is directly credited into my personal account, my wife is given a cheque pay direct to the bank.
btw to all, my money is credit last evening  rclxms.gif
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WoW! Great! So fast. Have you received any letter before you receive your money in your bank account? If not mistaken, the EPF officer told me they will send a letter informing your application status.
b00n
post Jan 14 2009, 01:27 PM

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QUOTE(ckryan @ Jan 14 2009, 01:23 PM)
WoW! Great! So fast. Have you received any letter before you receive your money in your bank account? If not mistaken, the EPF officer told me they will send a letter informing your application status.
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No.
Unless you request to collect the money in the form of cheque; than they would call you when the cheque is ready.

However, if they do send a notification letter; I bet it would be via snail mail. Thus if you look at mine, it is approved on the 12th and I guess they would credit the balance either on that day or in my case the next day into the account. Thus snail mail would be slower than their process. I got to know it through checking KWSP online and also monitoring my account. wink.gif

ckryan
post Jan 14 2009, 01:29 PM

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QUOTE(b00n @ Jan 14 2009, 01:27 PM)
No.
Unless you request to collect the money in the form of cheque; than they would call you when the cheque is ready.

However, if they do send a notification letter; I bet it would be via snail mail. Thus if you look at mine, it is approved on the 12th and I guess they would credit the balance either on that day or in my case the next day into the account. Thus snail mail would be slower than their process. I got to know it through checking KWSP online and also monitoring my account. wink.gif
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My online status is Pending. Today is already 1 week. I have to monitor from time to time.
b00n
post Jan 14 2009, 01:33 PM

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QUOTE(ckryan @ Jan 14 2009, 01:29 PM)
My online status is Pending. Today is already 1 week. I have to monitor from time to time.
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Don't worry....just wait... wink.gif
ckryan
post Jan 14 2009, 01:33 PM

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b00n,
Mind to ask which branch you applied? Is the approval can be done locally or has to be route to the HQ?
b00n
post Jan 14 2009, 01:36 PM

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QUOTE(ckryan @ Jan 14 2009, 01:33 PM)
b00n,
Mind to ask which branch you applied? Is the approval can be done locally or has to be route to the HQ?
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I went to Bkt Gasing. But my account was opened in Kuching, S'wak.
My friend went to Danau Kota and got his also in 1 week time.

kimyee73
post Jan 14 2009, 05:01 PM

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I submitted on 22 Dec and till today see no money yet cry.gif


Added on January 14, 2009, 5:15 pm
QUOTE(b00n @ Jan 13 2009, 05:43 PM)
Mine is on the 31st December and "Lulus" is on the 12th January considering all the public holidays in between i would say quite efficient. Counted exactly 7 working days.
Now it depends on how fast the money got credited into the account.
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What is the type of withdrawal shown in your i-akaun? Mine shows BUY2HSE and still DALAM PROSES. Maybe the type of withdrawal will determine the TPT.

This post has been edited by kimyee73: Jan 14 2009, 05:15 PM
cmk96
post Jan 14 2009, 10:54 PM

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mine took less than 2 weeks... applied at jln gasing branch.
Shinja
post Jan 15 2009, 05:00 AM

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QUOTE(vv777vv @ Jan 12 2009, 09:20 PM)
question -

I want to know if I have applied for the withdrawal and approved but I change my mind and decide to sell the house, what will happen? Do i still get my money?

Thanks!!
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Yes, u will get the money
but mostly there have no ppl will do tat coz u will get ur loan penalty
b00n
post Jan 15 2009, 01:11 PM

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QUOTE(kimyee73 @ Jan 14 2009, 05:01 PM)
I submitted on 22 Dec and till today see no money yet  cry.gif


Added on January 14, 2009, 5:15 pm
What is the type of withdrawal shown in your i-akaun? Mine shows BUY2HSE and still DALAM PROSES. Maybe the type of withdrawal will determine the TPT.
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Mine is BUY1HSE. i.e. first withdrawal.
Yours I guess is second withdrawal right? Or it's supposed to be paid to the loan account instead?
I think you can try calling the help line and as about the status and the difference between the 2 terminology.


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