You can nominate a beneficiary for your provident fund savings in 2 steps.
According to information from the Employees Provident Fund Board (KWSP), members only need to take 2 steps to nominate a beneficiary for their provident fund savings. Members can first fill in the beneficiary information at KWSP i-Akaun, and then go to the Provident Fund Bureau counter to stamp their fingerprint to complete the nomination process.
The so-called deposit beneficiary is the beneficiary who has the right to take over the deposit when the member dies in an accident. If a member dies in an accident and there is no designated beneficiary for the provident fund deposit, relatives will face many legal issues when taking over the deposit.
The Employees Provident Fund Board requires fingerprint verification of members when processing a change of provident fund beneficiary. Therefore, it should not happen that the beneficiary is changed without reason. If the beneficiary nominated by the member is under the age of 18, the deposit will be held by the guardian.
If a member wants to change the beneficiary list, whether adding a beneficiary or reducing a beneficiary, the member needs to fill in the names of all beneficiaries again.
Note: The time for online nomination of beneficiaries is from 12 am to 8 pm every day.
How to nominate provident fund deposit beneficiaries online
Step 1: Open KWSP i-AKaun APP.
Step 2: Click Profile in the bottom bar.
Step 3: Select Nomination.
Step 4: Click Register for nomination.
Step 5: Read the relevant details.
Step 6: After viewing your profile, click Continue.
Step 7: Select the type of nomination (individual or organization) you want to nominate.
Step 8: Choose the method of deposit allocation (percent or proportion).
Step 9: Enter the name and personal details of the beneficiary.
Step 10: Save and print the completed form.
Step 11: Bring the form to the nearby Provident Fund Bureau counter for fingerprint printing (Thumbprint).
Step: 12: When going to the Provident Fund Board counter, be sure to bring a copy of the member’s MyKad, a copy of each beneficiary’s MyKad and the previously filled form.
