Maybank Permits Recurring Worth Carry out For EPF Self-Contributions

Maybank has enabled a mannequin new attribute that allows its specific specific particular person and sole proprietor accountholders to rearrange computerized recurring self-contributions to the Staff Provident Fund (EPF) on a month-to-month foundation.

In its uncover, the financial institution mentioned that the mannequin new recurring EPF contribution attribute is presently accessible solely on the Maybank2u web site, nonetheless will shortly be made obtainable on the MAE by Maybank2u app finally.

Inside the meantime, individuals who want to arrange computerized recurring EPF contributions now can receive this by following these steps after logging into their Maybank2u account on the financial institution’s web site:

• Step 1: Click on on on on “Pay” beneath the Worth tab, and choose to pay to “Payee”.
• Step 2: Beneath the “Payee” bar, key in EPF because of the title of the payee. You presumably can then choose it from the dropdown menu.
• Step 3: Fill in your private particulars as required, and swap on “Set Recurring”.
• Step 4: Click on on on on “Pay”, authorise the transaction by Secure2u, and as well as you’re set!

Maybank has furthermore shared some screenshots of the tactic to knowledge you alongside the easiest way whereby:

The attribute has already been made reside, and you’ll faucet into it at any time that’s useful to you. With this, will possibly be easier for EPF members who’re self-employed or don’t earn an frequently earnings to make voluntary contributions in course of their retirement (beneath the i-Saraan scheme). To notice, Finance Minister Tengku Datuk Seri Zafrul at the moment well-known that the variety of voluntary contributors beneath the i-Saraan scheme has risen by 77% all through the primary quarter of 2022.

(Present: Maybank)

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