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How can I return my CPF investment account money back to my CPF from DBS?

I have just withdrawn my CPF investment under advice from my FAand not the money is parked at my DBS CPF investment account.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 ?

Discussion (2)

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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!

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.

If there is no activity in your CPF OA Investment account with the bank, then it is usually moved back to CPF within 30 days. But you might not want to wait that long.

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