EPF Account Withdrawal Method 3 (Flexible Account)

Many Employee Provident Fund (EPF) members are still confused EPF Account withdrawal 3 — can you come out when? Are there any conditions? How long does it take for the money to come in?

Account 3 is known as Flexible Account created to make it easier for members to withdraw money when needed.

Let’s understand it briefly and concisely.

What is EPF Account 3?

Account 3 is known as Flexible Account.

Under the new EPF restructuring, the monthly contributions are divided into:

• Retirement Account (75%) – Old age savings (Withdrawals are only allowed when members reach a certain age 55 years old except in special circumstances declared by the government such as certain financial emergencies and subject to EPF approval.)
• Prosperous Account (15%) – Pre-retirement requirements (Withdrawals are allowed at age 50 yearsor for important purposes such as educationpurchase Houseas well as treatment drugetc. based on the conditions laid down by the EPF.)
• Flexible Account / Account 3 (10%) – Can be published on any time

To find out the conditions for withdrawing Account 1 and Account 2, please read the following article: KWSP Withdrawing Accounts 1,2,3 – Terms & How to Apply

EPF Account Withdrawal 3: Can I Withdraw Anytime?

Many are not sure whether it is true that Account 3 can be deleted at any time.

From. Account 3 withdrawals can be made at any timeas long as there is still a balance in the account. However, the production amount depends current savings balance.

There are no special conditions such as:

• Need a specific goal
• Need to wait a certain age
• Need special supporting documents

So, how do I apply for Account 3 withdrawal?

Let’s read it again.

How Much Amount Can Be Withdrawn From EPF 3 Account?

• Amount minimum Account 3 withdrawal for all members is: RM50.00 per transaction.
• Amount maximum Account 3 withdrawals are unlimited, but subject to the following procedures:
  • For amounts between RM50.00 and RM3,000.00: Applications are processed automatically and are subject to system verification.
  • For amounts ranging from RM3,000.01 to RM30,000.00 (citizens/permanent residents): Fingerprint verification at an EPF or SST office is required if:
    • There are no records of previous production; OR
    • Bank account information does not match EPF records; OR
    • e-KYC verification failed.
  • For amounts over RM30,000.00 : Must attend EPF or SST office for fingerprint verification.
  • For non-Malaysian employees: Maximum withdrawal amount is RM3,000 per transaction.

How to Apply for Flexible Account / EPF Account Withdrawal 3

EPF withdrawals can be done manually by filling in the form at the counter, kiosk or via EPF i-Account.

You can also request a withdrawal online via the KWSP i-Account. Check out the guide for applying for flexible account withdrawals (Account 3) via KWSP i-Akaun below:

1. Login to the KWSP i-Akaun application. You can download this application, or visit:
2. Select the ‘Withdraw’ menu then select ‘Withdraw your savings’.
3. Select ‘Flexible Account’.
4. Select ‘Delete Now’.
5. Enter the withdrawal amount & select ‘Continue’.
6. Select or update a bank account.
7. Select ‘Continue’.
8. Select ‘Accept’ if you approve the Member Certificate.
9. Enter the TAC number.
10. Your application has been successfully submitted.

You can refer to the online withdrawal methods shown below:

STEP 1 – Login to i-EPF Account

STEP 2 – Enter the amount you want to spend

STEP 3 – Select a bank for providing credit. Make sure your account number is correct.

STEP 4 – Confirm the displayed EPF withdrawal details.

STEP 5 – Please read the terms and conditions to continue the transaction. The TAC number will be sent to the registered telephone number. Please enter the TAC number.

STEP 6 – If your withdrawal is approved, the total payment will be credited to your bank account on time 3 working days.

Further Information & Frequently Asked Questions