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 5-8 business days to be refunded back into your CPF-IA account/bank account/SRS Agent Bank.
We will let you know as soon as the funds are redeemed and redemption proceeds transferred.