HSBC Bank Malaysia Berhad and HSBC Amanah Malaysia Berhad (collectively “HSBC”) have been appointed by EPF to be included as panel banks for the direct crediting of EPF withdrawal payments to its members.

The types of EPF withdrawals which may be made using the direct crediting mode of payment are as follows:

–  Attaining Age 50 years Withdrawal
–  Attaining Age 55 years Withdrawal
–  Withdrawal to Purchase a House
–  Death Withdrawal
–  Incapacitation Withdrawal
–  Leaving The Country Withdrawal
–  Health Withdrawal
–  Education Withdrawal
–  Pensionable Employees Withdrawal
–  Optional Retirement Withdrawal

EPF members are required to have an active personal deposit account with HSBC.

Joint accounts may only be used for withdrawal amounts of more than RM100,000
When applying to EPF for direct crediting as the mode of payment for withdrawals, the customer must

– Ensure that his/her name and Identification Card number as stated in his/her HSBC account passbook/statement are the same as stated in his/her EPF records;

–  Fill in the correct HSBC account number, which must still be active, in the EPF withdrawal form (KWSP 9);

–  Present the original HSBC account passbook or statement together with a photocopy of pages which indicates customer particulars ie. customer’s name, HSBC account number, etc. and certified by HSBC when submitting the withdrawal form (KWSP 9) to EPF.

HSBC Bank Malaysia Berhad (Company No. 127776-V)

HSBC Amanah Malaysia Berhad (Company No. 807705-X)
more reference on https://www.hsbc.com.my/

The mortgage and financial consulting services are offered to you FREE of charge without any obligations. Kindly contact us or email to consultant@malaysialoan.com.my if you need any enquiry. Thank You.

About the author

Malaysia Loan

2 Comments to EPF Withdrawals Available in HSBC Malaysia

  1. soolim

    I plan to buy a 2nd house. can i withdraw my EPF as downpayment

    Reply
    • Malaysia Loan

      Hi Soo Lim,
      According to EPF guideline below, u can’t withdraw unless ur first house is sold.

      “Withdrawal to purchase a second house is allowed after the first house is sold or disposal of ownership of property has taken place. Disposal of
      ownership refers to ‘loss of ownership of the first house owned through previous EPF withdrawal’ either due to auction, surrender of property by
      court order, transfer of ownership”

      Reply

Leave a Comment

Please note: comment moderation is enabled and may delay your comment. There is no need to resubmit your comment.

Error, no Ad ID set! Check your syntax!

Calculator

Loan Calculator Mortgage Calculator
MortgageLoan

R

%

years

%