Why do I need to update my contact details to adjust the online Daily Withdrawal Limit or make a CPF lump sum withdrawal?
Notifications via SMS or email will be sent to you whenever there are adjustments to the online Daily Withdrawal Limit, or when you make a CPF lump sum withdrawal. As such, you will have to update your contact details under Account settings to receive these notifications. These notifications help provide immediate alerts and prevent any unauthorised adjustments or CPF lump sum withdrawals without your knowledge.
This information is sourced from CPF
Related questions
Why do I need to update contact details to update my bank account?
What type of CPF withdrawals does the online Daily Withdrawal Limit apply to and how do I change the online Daily Withdrawal Limit?
What should I do if I need to withdraw more than the maximum online Daily Withdrawal Limit?
When do I need to update my bank account?
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