You may update your PayNow NRIC-linked bank account as your registered bank account with CPF Board to receive payments via PayNow. Once updated, you do not need to update your registered bank account with CPF Board again if you switch to another bank account for PayNow. Your CPF payments will automatically be made to whichever bank account you have linked to your PayNow-NRIC.

Alternatively, you may use any POSB, DBS, OCBC and UOB bank accounts belonging to you. As part of CPF Board’s ongoing efforts to better safeguard CPF members’ savings against unauthorised online withdrawals, we only accept accounts from these banks as they provide automated bank account verification to CPF Board. This ensures that payments are only made to accounts that belong to you.