What rights do EPF members have regarding their accounts?

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Prepare for the EPF Standard Essentials Test. Use flashcards and multiple choice questions, each with hints and explanations. Ace your exam!

EPF members are entitled to access a variety of important information regarding their accounts, which includes the right to view statements and updates related to their savings. This transparency is crucial for members to monitor their contributions, track their savings growth, and stay informed about any changes to their accounts. Furthermore, members have the right to withdraw their funds under specific conditions, such as retirement or financial hardship. This access provides members with a clear understanding of their financial standing and empowers them to make informed decisions regarding their retirement savings.

While other options suggest rights related to privacy or investment freedom, they do not align with the established regulations governing EPF accounts, which prioritize transparency and controlled access over unrestricted investment or the ability to transfer funds without limitations.

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