Use PayNow for CPF withdrawal

Since March 2018, PayNow has been avail­able to CPF mem­bers as a form of with­draw­al of the money from the CPF accounts for mem­bers who are aged 55 and above. This PayNow account must be NRIC-linked, mean­ing you have to link your NRIC to your bank account from any of the PayNow par­ti­cip­at­ing banks.

The turn­around time using PayNow for with­draw­al is 1 day but 5 work­ing days if you choose to with­draw via Inter­b­ank GIRO.