EPF finalises mechanism for Account 2 support facility, starts on April 7

The Employees Provident Fund (EPF) has finalised the mechanism as well as the terms and conditions for the Account 2 Support Facility (FSA2), which will be implemented in two phases, with Phase 1 beginning on April 7.

In a statement today, EPF said members who meet eligibility criteria may apply through participating banks, including MBSB Bank and Bank Simpanan Nasional (BSN).

The EPF may consider adding more participating banks...