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OCBC, UOB customers can tap CPF funds to buy T-bills online from Mar 31 and Apr 22 respectively

Tay Peck Gek

Tay Peck Gek

Published Fri, Mar 10, 2023 · 04:14 PM
    • OCBC and UOB's CPFIA investors, like DBS or POSB customers, will soon be able to buy Treasury bills through their bank's Internet portal using CPF ordinary account funds.
    • OCBC and UOB's CPFIA investors, like DBS or POSB customers, will soon be able to buy Treasury bills through their bank's Internet portal using CPF ordinary account funds. PHOTO: BT FILE

    OCBC and UOB ’s Central Provident Fund Investment Account (CPFIA) customers using their ordinary account (OA) savings will soon be able to buy Treasury bills (T-bills) online.

    The start date is Mar 31 for OCBC customers and Apr 22 for UOB customers.

    The Monetary Authority of Singapore has also said on its website that OCBC’s Internet banking portal will, from Mar 31, start accepting online applications for T-bills purchased using OA as well as Special Account (SA) funds under the CPF Investment Scheme (CPFIS).

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