9 March 2023
CLOSURE OF CPF ACCOUNTS FOR NON-SINGAPORE CITIZENS AND NON-PERMANENT RESIDENTS
The Central Provident Fund (CPF) Board announced on 8 March 2023 that CPF members who are not Singapore Citizens (SC) or Permanent Residents (PR) have up to 31 March 2024 to close their CPF accounts and transfer their CPF savings to their personal bank account. Failing which, their CPF accounts would be automatically closed, and any remaining savings would cease to earn the prevailing CPF interest rate. The remaining savings can still be transferred to their bank accounts at any time after that.