Friday 29 Mar 2024
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KUALA LUMPUR (Oct 5): The Employees Provident Fund (EPF) said the usage of its electronic platform i-Akaun jumped to 3.33 million transactions in the second quarter of this year (2Q15) from 1.65 million a year earlier.

In a statement today, EPF chief executive officer Datuk Shahril Ridza Ridzuan said the increase was due to more members opting for a more convenient way to deal with the EPF.

"The increase in our electronic services was a result of members' increasing awareness of the online facility's convenience in checking their EPF statements and updating their profiles without having to be present at EPF branches for the purpose.

"For members who have yet to register for i-Akaun, we encourage them to do so as the EPF is actively enhancing our operational efficiencies to serve our members anytime, anywhere. Moving forward, our operations will see less resource-intensive transactions with members and partners, and more on delivering speedier service and convenience," Shahril said.

The EPF's members have increased. Shahril said as at June 30 this year, the EPF had 14.36 million members, of which 6.72 million were active contributors to their retirement savings. The 14.36 million members compared to 14.05 million a year earlier.

According to Shahril, the number of employers registered with the EPF rose to 536,317 from 525,932.

The EPF also reported higher approvals for its Flexible Age 55 Withdrawal programme. Shahril said the EPF approved 80,890 applications in 2Q15 versus 59,379 a year earlier.

Shahril said the amount withdrawn was higher at RM3.12 billion compared to RM1.81 billion.

 

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