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Society

EPF i-Akaun App Down Temporarily As M’sians Rush Do Check For Dividend Payout

However, the app is now operational.
Yu Ang Tan March 3, 2024
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Cover image via WeirdKaya

KWSP i-Akaun, the Employees Provident Fund (EPF) mobile application faced a temporary system crash as a wave of Malaysians hurried to check their newly announced dividend rates.

This incident occurred shortly after the EPF revealed its dividend rates for the year 2023, sparking a massive influx of users eager to see the impact on their savings.

KWSP iAkaun

The EPF, a cornerstone of retirement savings for many in Malaysia, declared a dividend rate of 5.5% for conventional savings accounts and 5.4% for Shariah-compliant savings accounts.

KWSP Dividend Chart 2023
Photo via WeirdKaya

The anticipation among the members to verify these updates firsthand led to an unprecedented surge in-app traffic, momentarily overwhelming the system.

Despite the hiccup, the EPF’s swift response ensured that the app’s functionality was quickly restored, allowing members to access their accounts without further delay.

This quick recovery was a relief to many, as it confirmed the successful crediting of dividends to their accounts.

Read More:

  • 39yo M’sian Worker Shocked To Discover Employer Hasn’t Paid His EPF For 7 Years
  • Report: EPF Expected To Declare Dividend Above 5.8% For 2024
  • You May Soon Be Able To Transfer Your EPF Account 3 Balance Back To Acc 1 & 2
  • EPF Officially Rolls Out Account 3 To Its Members
  • EPF: B40 Only Holds 1% Of Total EPF Savings While T20 Holds 82%
  • M’sian Developer Invents ‘AhBeng GPT’, An App That Actually Lets You Bargain With An AI ‘AhBeng’

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