Do I need to update my registered bank account to PayNow NRIC-linked bank account every time I want to make a withdrawal?
No, you only need to perform the update of your registered bank account to your PayNow NRIC-linked bank account once and wait 12 hours for it to be activated. You can do so via Account settings. Thereafter, you may apply for retirement withdrawals for immediate needs via PayNow anytime to receive your CPF withdrawals almost instantly.
This information is sourced from CPF
Related questions
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?
Why do I need to update my registered bank account with CPF Board to my PayNow NRIC-linked bank account to make PayNow withdrawals if I have already withdrawn via PayNow previously?
What bank accounts can I use to update my bank account details?
How do I update my registered bank account details with CPF Board?
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