Categorized into 2 age groups, for those age below 50 and those aged 50 and above. Both age groups have to maintain a minimum of RM60,000 ad Fixed Deposit (FD) from the second year of participation till their withdrawal from the programme.
a) Aged below 50 years old
- Must open a fixed deposit account of RM300,000 in any financial institute in Malaysia.
- After a period of one year, the participant may withdraw up to RM240,000 for approved expenses relating to house purchase, education for children in Malaysia and medical expenses.
b) Aged 50 years old and above
- Must open a fixed deposit account of RM150,000 in any financial institution in Malaysia.
- May withdraw up to RM90,000 for approved expenses relating to house purchase, education for children in Malaysia and medical purposes, after a period of one year
- For those who are receiving approved funds such as government pension fund (equivalent to RM10,000 per month), they can be considered for ‘proof of monthly off-shore income’, by providing relevant supporting documents. |
