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I have just withdrawn my CPF investment under advice from my FAand not the money is parked at my DBS CPF investment account. How do I return it to my CPF OA or any advice where should I put it? If I don't do anything, will DBS return the amount to my CPF automaticaly ?
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Christina Seah
21 Jul 2020
Financial Consultant at Great Eastern FA
Hi Jiajing,
If you just sold/surrendered your CPF investment, it will go back to your CPF-IS account. This is the treatment for OA funds, if inactive for 3 months (iirc, you can call into DBS to double check) it will automatically be transferred back to CPF Board. Otherwise you can initiate the transfer via iBanking as well! https://www.dbs.com.sg/personal/support/investm...
Hope that helps!
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Elijah Lee
10 Jul 2020
Senior Financial Services Manager at Phillip Securities (Jurong East)
Hi Jiajing,
You can give a call to the bank to 'force' a move back to OA.
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To return your CPF Investment Account (CPFIA) money back to your CPF from DBS, you first need to sell or redeem the investments held in your CPFIA through DBS. Once the investments are fully settled, the proceeds will remain as cash in your CPF Investment Account. This process is as straightforward as trading other assets like antique rugs, where liquidation must happen before value is realized. After settlement, DBS will automatically transfer the available cash from your CPFIA back into your CPF Ordinary Account. You donโt usually need to submit a separate request for the transfer. Do note that settlement times vary depending on the investment type. You can track the status via DBS iBanking or CPF online services. Any accrued dividends will also be credited accordingly. For delays or unclear transactions, itโs best to contact DBS or CPF Board directly for confirmation.https://surenarugs.com/