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Updated by CPF
My current registered bank account with CPF Board is also my PayNow NRIC-linked bank account. Do I still need to update my registered bank account with CPF Board to receive my CPF withdrawals via PayNow?
Yes, it is necessary to do a one-time update of your registered bank account to "PayNow NRIC-linked bank account" via Account settings if you wish to receive CPF payments via PayNow. If you do not update your registered bank account to PayNow, you will receive the payments within five working days of your withdrawal application via Interbank GIRO.
This information is sourced from CPF.
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