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Can my GIRO arrangements be transferred to the new CDA?

Updated by MSF

To enable GIRO arrangements in the new Child Development Account (CDA), you will have to:


• Update your Approved Institution (AI) of the new CDA number by submitting a new application form for interbank GIRO for CDA. The form can be found via “Forms” on Approved Institution Portal on MSF website.


Please ensure that there are sufficient funds in the new CDA in the interim period while the funds are being transferred from the old CDA. The funds transfer will be done within 3 weeks.

Topics:

Baby Bonus (BB)Baby Bonus Scheme

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