When will the funds be debited from my account?

Q: When will the funds be debited from my account?

For Cash applications: Funds are deducted at point of application. The discount to the face value of your allotted T-bills will be credited into your account within 1 – 3 business days after auction date. For SRS applications: Funds are earmarked at the point of application, before being deducted within 1 – 3 business days after auction date. For CPFIS applications: Funds are deducted within 1 – 3 business days after auction date. Note: Please check with your bank for any transaction charges for using the different funds for application.

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Accepted Answer

For Cash applications: Funds are deducted at point of application. The discount to the face value of your allotted T-bills will be credited into your account within 1 – 3 business days after auction date.

For SRS applications: Funds are earmarked at the point of application, before being deducted within 1 – 3 business days after auction date.

For CPFIS applications: Funds are deducted within 1 – 3 business days after auction date.

Note: Please check with your bank for any transaction charges for using the different funds for application.

When will the funds be debited from my account?

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Upon maturity of the T-bills, how much will I receive? When will I receive the principal amount?

When will the monies be deducted from my bank account? Do I receive interest on the monies that are deducted from my bank account when I make the application?

When my application is pro-rated, what would I expect to see in terms of deduction?

From other agencies

I have applied to purchase Treasury Bills (T-bills) at primary auction under the CPF Investment Scheme (CPFIS). When would my CPF savings be deducted for the purchase?

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