EPF To Announce Details On New Housing Withdrawal In December
07/09/2007 Bernama.com

KUALA LUMPUR, Sept 7 (Bernama) -- The Employees Provident Fund (EPF) will announce details on the new monthly housing withdrawal in December.

In a statement here today, chief executive officer, Datuk Azlan Zainol, said EPF supported the move.

"It allows our members, especially the lower income earners, to pay for their monthly housing loans through the new withdrawal scheme.

"Currently, EPF allows members to withdraw their savings from Account Two to buy or build a house, and to reduce mortgages.

"The new withdrawal, to be implemented in January next year, will enable members to utilise their savings also from Account Two to pay for the monthly instalments," he said.