How would my CPF savings be paid to me?
You can receive your CPF savings to your:
- PayNow NRIC-linked bank account
With PayNow, you will generally receive your CPF savings immediately.
However, please note that you won't be able to withdraw your CPF savings via PayNow if you have unpaid taxes, MediShield Life premiums or outstanding divorce matters.
To protect you from any potential scams, we will only accept bank accounts where the bank is able to provide automated bank account verification to us. This ensures that payment will only be made to a bank account belonging to you. Currently, only POSB, DBS, OCBC and UOB are able to provide this service.
If your bank does not provide this service, you may wish to write to your bank to request that they do so. Alternatively, you may wish to sign up for PayNow (NRIC) with your bank so as to receive payments from us.