“ The monthly EPF withdrawal for housing loans will be credited directly into the contributor’s personal bank account and not to lending bank” Second Finance Minister Tan Sri Nor Mohamed Yakcop.
Contributors need to go to the EPF to apply only once, and it would directly credit the money to contributor’s personal account.
The condition : contributor must have a housing loan.
Do you think it’s a good idea?
Will it defeat the purpose and the cash be subjected to abuse and the money will not be used properly?
Wouldn’t it be better if the monthly withdrawal be credited to the financial institution from which housing loan is taken instead of contributor’s personal account?
Sometimes I wonder whether they are trying to help lessen our burden or increase our burden??
No comments:
Post a Comment