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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?

Your CPF savings for T-bills purchase under CPFIS would be deducted only upon the successful allotment of the T-bills. In so doing, CPF members will continue earning CPF interest on their CPF savings, in case full or part of their T-bills application is unsuccessful. The deductions are done after the auction date (i.e. the date where the allotment of your T-bills purchase has been finalised) but before the issue date of the T-bills.