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Withdraw Retirement Account Savings above Basic Retirement Sum – Payment via PayNow/Interbank GIRO Withdraw Retirement Account Savings above Basic Retirement Sum – Payment via PayNow/Interbank GIRO TrueTrue

 

 

Withdraw Retirement Account Savings above Basic Retirement Sum – Payment via PayNow/Interbank GIRO Withdraw Retirement Account Savings above Basic Retirement Sum – Payment via PayNow/Interbank GIRO <strong>Interbank GIRO Payment Terms and Conditions</strong> <p> </p><ol><li>By submitting this application, you authorise CPF Board to credit your bank account for payments under CPF Withdrawal for members 55 and above, CPF Retirement Sum Scheme, CPF Withdrawal on Medical Grounds, CPF LIFE, Silver Housing Bonus Scheme or Lease Buyback Scheme (if applicable). </li><li>You irrevocably authorise CPF Board to obtain/verify information relating to you and to your bank account from the bank as stated in this application, and the bank to disclose any information whatsoever relating to you and to the account for the purpose of account verification. CPF Board has the absolute discretion to decide whether or not to perform such verification. You will not hold CPF Board responsible if it decides not to perform such verification. This authorisation shall survive the termination of the account with the bank and may be relied on and enforced as fully and effectively by the bank as if it is addressed to the bank. </li><li>CPF Board may, in its discretion, contact you to perform additional checks to verify the authenticity of your application before making payments to you. </li><li>If the bank account you have provided in this application is not in our records and is not valid, your application will not be successful. In all other scenarios where the bank account you have provided is invalid, the withdrawn amount will be restored to your CPF account. </li><li>You understand that your application is subject to the provisions of the CPF Act (Chapter 36) and its subsidiary legislation as may be amended from time to time. </li><li>You declare that the information and bank account details given in this application are correct and complete to the best of your knowledge. </li></ol>

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