“Our rollout of this new service extends our ambition to make financial planning more accessible, simple and inclusive for Singaporeans. CPF is a major pillar of many Singaporeans’ retirement planning and contributing to their CPF accounts will enable them to receive payouts for retirement income,” says Sunny Quek, OCBC Bank’s head of consumer financial services Singapore.
OCBC Bank has become the first bank in Singapore to allow its customers to make contributions to their Central Provident Fund (CPF) accounts directly from their banking app or internet banking platform.
The service is already live on OCBC's platforms.
