If I am eligible to receive monthly payouts under the Reduced Life Expectancy scheme, when will the monthly payouts be paid to me?
The monthly payouts of all members are deducted on the 2nd of the month, and the crediting of the monthly payouts to members’ bank accounts will depend on the bank's processing time. You will receive the monthly payouts in your bank account generally by the 4th working day of the month. You will generally receive your payouts earlier if your bank supports Fast And Secure Transfer (FAST).
This information is sourced from CPF
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