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Thursday, June 20, 2013

EPF - Nomination of Individual As Nominees and Creation of i-accounts.

I am grateful that our HR  department arranging for EPF to come to our office for nomination of and also activate or create i-accounts. With i-accounts, we can access our EPF accounts online.

Do you know that you can nominate anyone to become your nominee? The advantage is it will help to expedite the withdrawal in the event if your death. Anyway, please take note that for Muslim, even though you have nominate anyone, EPF savings ultimately must be divided following Faraid. The nomination is only to reduce hassle to next-of-kin in withdrawing the deceased's EPF savings. As for other religions, if you nominate an individual as your nominees, he will become the actual rightful beneficiary of deceased's fund.

Therefore, please make nomination on your EPF savings if you have not done yet. For those who have not activate EPF i-account, please go to nearby EPF to get the initial password. 

By having access to i-accounts, members can do the followings:

  • Check current and previous EPF statements
  • Check withdrawal application status and history
  • Estimate the eligible amount for withdrawals, savings and investments
  • Update profile including correspondence address
  • Check i-Akaun activities log
  • Check current EPF transaction activities.
I simply cut and paste the benefits from website. Saja nak share with you all the advantages of i-accounts.

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