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Why is there a refund of payment made to HDB or the bank for my housing loan instalment every month?
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Why is there a refund of payment made to HDB or the bank for my housing loan instalment every month?
Your CPF monthly deduction for your housing loan could be more than your required monthly instalment.
We encourage you to
update your housing monthly deduction amount
to avoid overpaying on your monthly instalment and ensure your CPF savings continue earning interest.
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