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Withdrawals are allowed after a period of 1 year upon opening of an account. There are 2 types of withdrawals: - 10% withdrawal of current balance OR RM500, whichever is lower, once a year; OR
- 100% withdrawal (termination of account) in the following cases:
- The child is offered a place in any higher learning institution;
- The child has voluntarily withdrawn from the education system OR has been expelled for a specific reason;
- Suffering from an illness certified by a doctor as being incurable;
- Experience total permanent disability as certified by a doctor;
- Death of the child; or
- Death of the depositor.
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