How long will it take to redeem my CPF portfolio? (SG)
We will first redeem the funds on your behalf, then the redemption proceeds will be transferred to your CPF Investment Account (CPF-IA). The agent bank of your CPF-IA will automatically transfer the cash balance from your CPF-IA to your CPF-OA if you have not had any transactions for 2 consecutive months. Alternatively, you can request for the agent bank to transfer the funds back to your CPF-OA at any time.
Please also note that the redemption proceeds will take between 5-7 business days to be transferred to your CPF-IA, on a best-effort basis on a valid business day.
We will let you know as soon as the funds are redeemed and redemption proceeds are transferred.