Singapore's CPF Board lowers online daily withdrawal limit to S$50,000 from 25th September to combat scams.
Singapore's Central Provident Fund Board (CPFB) will reduce the online daily withdrawal limit for CPF funds from S$200,000 to S$50,000 from 25th September. This move aims to protect individuals from potential scams as reported scam numbers hit record highs in the first half of 2024. CPF members making large withdrawals are advised to plan in advance and make the withdrawals online over multiple days.
August 22, 2024
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