What happens if the corporate service buyer provided an invalid NRIC for crediting of the Contribute As You Earn (CAYE) contributions?
Under Contribute As You Earn, if the NRIC provided is invalid, you will be prompted to amend the NRIC if you are using the online submission mode. If you are using PACE (PayNow for CAYE), you’ll automatically receive a refund minus $0.55 per transaction (admin fee) for that record as a rejection fee as the bank will reject the payment.
This information is sourced from CPF
Related questions
What happens if payment to the self-employed person via the Contribute As You Earn (CAYE) bank mode is unsuccessful?
What if the Contribute As You Earn (CAYE) contribution was paid in error (i.e. paid wrong amount, or paid to the wrong self-employed person)?
Are there any changes required to the corporate service buyer's payment system/process to reconcile the payments made via Contribute As You Earn (CAYE)?
Under what scenarios will monies transmitted via Contribute As You Earn (CAYE) bank mode be returned to the corporate service buyer?
Need more help?
Get in touch