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.

Question

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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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?

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