---
title: "1 In 3 EPF Members Withdrew Over RM12bil From EPF Account 3 In 2024"
url: https://weirdkaya.com/1-in-3-epf-members-withdrew-over-rm12bil-from-epf-account-3-in-2024/
date: 2025-02-20
modified: 2025-02-20
lang: en
author: "Yu Ang Tan"
description: "Over 4.11 million Employees Provident Fund (EPF) members, or 31.1% of those under 55, have applied to withdraw from their Account 3 (Flexible Account), with total withdrawals reaching RM12.07 billion..."
categories:
  - "Society"
tags:
  - "#Trending"
  - "EPF"
  - "EPF Account 3"
  - "Flexible account"
  - "KWSP"
  - "Malaysia"
image: https://cdn.weirdkaya.com/media/1-in-3-epf-members-withdrew-over-rm12bil-from-epf-account-3-in-2024.png
word_count: 180
---

# 1 In 3 EPF Members Withdrew Over RM12bil From EPF Account 3 In 2024

##### Over 4.11 million Employees Provident Fund (EPF) members, or 31.1% of those under 55, have applied to withdraw from their Account 3 (Flexible Account), with total withdrawals reaching RM12.07 billion as of Dec 31, 2024.

## Increase in withdrawal figures

According to Deputy Finance Minister II Datuk Seri Amir Hamzah, EPF’s Account 3 total balance stood at RM7.73 billion by the end of 2024.

![EPF](https://cdn.weirdkaya.com/media/epf.png)Photo via Canva. For illustration purposes only.

The latest figures show an increase compared to Sept 30, 2024, when:

- **3.86 million members (29.4%)** withdrew from Account 3

- **Total withdrawals amounted to RM10.78 billion**

Both the number of applicants and the total withdrawal amount have risen over the months.

## How to withdraw from EPF Account 3

Members can withdraw their savings through the **KWSP i-Akaun app** by following these steps:

- Log in to **KWSP i-Akaun**

- Select **Withdrawal**

- Click **Withdraw your savings**

- Choose **Akaun Fleksibel**

- Click **Withdraw Savings**

- Enter the withdrawal amount and tap **Continue**

- Add a new bank account and input banking details

- Verify the withdrawal process

- Submission completed – funds will be credited within **7 working days**