Investments

Investments

Sell investments

When you sell your investment, the sales proceeds will be credited into your CPF Investment Account (CPFIA). We will automatically transfer the balance in your CPFIA to your CPF Ordinary Account if the account has been inactive for two consecutive months.

You may initiate a refund to take place earlier, by instructing OCBC Bank to effect the refund through the following facilities:

 

  • Any OCBC Bank Branch
  • OCBC Bank ATMs
  • OCBC Phone Banking at 1800 363 3333 (Service is only available to existing OCBC Phone Banking users)

OCBC Online Banking (Service is only available to existing OCBC Online Banking users)

Invest with Supplementary Retirement Scheme contributions

A wide range of financial instruments are available for your investments. These include stocks, unit trusts, fixed deposits, annuities, fund management accounts and life insurance policies (single premium and recurrent single premium products only).

 

However, direct property investments, life insurance policies greater than 3 times the single premium, critical illness, health and long-term care products are not allowed.

Click to find out more about OCBC’s fixed deposits, insurance and unit trusts eligible for investment under the SRS scheme.

Close my CPF Investment Account

You can visit any of our branches to complete the Account Closure form or write in to:

           
CPF Investment Unit
31 Tampines Avenue 4
#03-00
OCBC Tampines Centre Two
Singapore 529680

 

You are required to liquidate all your CPF investment holdings before closing the investment account. Any cash balance in the CPF Investment Account will then be refunded to your CPF Ordinary Account.

When you initiate a S15 withdrawal, you need to make a request either via CPF website or a prescribed form to CPF Board to confirm that you have sufficient balance for CPF Minimum Sum scheme.

 

Any cash balance will be refunded to you, after deducting CDP share transfer charges (if applicable).

 

Cash balance will be refunded to you in the form of a cashier's order or credited into an existing OCBC account if you have sent a written request.

Transfer cash balance in CPF Investment Account to CPF Ordinary Account

You can request via the following channels:

 

Fax it to 6826 9887 / 67845070 / 6784 9787

Or mail it to:


Oversea-Chinese Banking Corporation Limited
31 Tampines Avenue 4
#03-00 OCBC Tampines Centre Two
Singapore 529680

Attn: CPF Investment Unit

 

The bank will automatically transfer the cash balance from your CPF Investment Account to your CPF Ordinary Account if you have not had any transactions for 2 consecutive months. Funds will be transferred at the end of 2 months.

Minimum balance in CPF Investment Account

No minimum balance.

Transfer CPF Investment Account from other banks to OCBC

Visit an OCBC branch.

 

Complete and sign the

  • Account Transfer form
  • CPF Investment Account-Ordinary Account Application form
  • Standing Instruction form

 

The branch will submit these documents for the processing of the transfer.

 

During the course of the transfer, you are advised not to perform any transactions.

 

Upon completion of the transfer, a welcome letter will be sent to you with the new CPF Investment Account number.

IPO Application

Apply for IPO using both cash and CPF

You can do so at an ATM.

 

 

 Unsuccessful IPO application

Unused CPF funds will be refunded to your CPF Investment Account, which are then transferred to your CPF Ordinary Account at the end of the month.

Supplementary Retirement Scheme (SRS)

Contribute to Supplementary Retirement Scheme (SRS) account

Contributions must be made by 31 December of each year in order to be eligible for tax deduction in the same year.

Contributions can be made by:

a)     Cash

 

b)     Cheque

 

Write a cheque payable to yourself and drop it into a Quick Cheque Deposit box at any OCBC branch

Indicate on the back of the cheque:

  • Your name
  • NRIC or FIN number
  • SRS account number
  • Contact number

 

Cheques received before 3.30pm on a working day, the funds will be credited to SRS account around 4.00pm on the following working day if the cheque is good for payment.

c)      Funds transfer

 

Transfer funds from your own bank account with OCBC to your SRS account

  • At a branch
  • Via OCBC internet and mobile banking

SRS contribution cannot be done via other banks' internet banking.

Standing instruction is currently not available.

Transfer Supplementary Retirement Scheme (SRS) account from other banks to OCBC

Visit an OCBC branch.

Complete and sign the

  • Account Transfer form
  • SRS Account Application form
  • Declaration form

 

The branch will submit these documents for the processing of the transfer.

Close Supplementary Retirement Scheme (SRS) account

You may approach any of our branches to complete the Account Closure form or mail us at: 


SRS Operations
31 Tampines Avenue 4
#03-00
OCBC Tampines Centre Two
Singapore 529680