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EPF members withdraw RM7.60b in Jan-March

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EPF members withdraw RM7.60b in Jan-March Empty EPF members withdraw RM7.60b in Jan-March

Post by hlk Thu 09 Jun 2011, 17:53

KUALA LUMPUR: Employees Provident Fund (EPF) members withdrew RM7.60 billion in the January-March quarter in 2011, an increase from the RM5.94 billion in 4Q2010 and RM6.54 billion in 1Q2010.

It said on Thursday, June 9 the total withdrawals made by EPF members in 1Q11 increased 27.28% to 415,706 (4Q110: 356,198) compared to 326,612 in 1Q10.

“The growth reflects on the increase in members choosing to invest part of their savings in approved investment instruments,” it said.

The EPF also said the members’ savings investment withdrawals in 1Q11 increased by 71.19% to RM1,559.82 million (4Q10: RM1,265.80 million) from RM911.15 million in 1Q10.

“Total applications approved under this withdrawal increased to 177,988 (4Q10: 149,883) up 56.39% from 113,809 in 1Q10,” it said
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