While many people are trying to withdraw money from their EPF accounts, there are also many people who choose to voluntarily deposit all their money into their EPF accounts. There is no denying that EPF is the most stable and easiest investment channel in the market today.
The EPF pays out a Dividend of at least 5% every year, which is the best investment platform for people who do not invest and have extra money each month. However, the downside of the EPF is that members must be 55 years old before they can withdraw money from their accounts. Before the age of 55, you can only withdraw money for mortgage payments, medical bills, school fees, and other purposes.
If you also want to deposit extra money into your EPF account every month, you can choose to do so through Internet Banking. All banks in China offer internet banking services to deposit your own funds.
Here is how you can deposit your EPF using CIMB Clicks.
How to deposit EPF through CIMB Clicks?
Step 1: Login to your CIMB Clicks account.
Step 2: Under Pay & Transfer section, select EPF/KWSP Transfer.
Step 3: Enter your EPF account number.
Step 4: Select i-Saraan/i-Saraan if you are participating in i-Saraan/i-Suri, otherwise select SELF EMPLOYED.
Step 5: Enter your name and ID number.
Step 6: Enter the amount you want to deposit, which is RM1.00 to RM5,000.
Step 7: Enter the TAC to verify the transaction.
Step 8: Finish. The amount will appear in your EPF account within 3 working days.
*i-Saraan is a government scheme to encourage self-employed persons to contribute their own EPF. The government will subsidize 15% or up to RM250 for self-employed persons who contribute their own EPF.
