Regulation 1
Citation and commencement
This Notification is the Central Provident Fund (Declaration of Rates of Interest) (No. 4) Notification 2024 and comes into operation on 1 January 2025.
/akn/sg/act/sub_leg/1953/CPFA-S973-2024
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Central Provident Fund (Declaration of Rates of Interest) (No. 4) Notification 2024 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation CPFA-S973-2024 1953, currently marked in force and first recorded in 1953.
Citation and commencement
This Notification is the Central Provident Fund (Declaration of Rates of Interest) (No. 4) Notification 2024 and comes into operation on 1 January 2025.
Rate of interest payable
It is declared that interest is payable —
on the amounts standing to the credit of a member of the Fund in the member’s ordinary account and nominee ordinary account (if any), at the rate of 2.5% per annum; and
on the amounts standing to the credit of a member of the Fund in the member’s medisave account, nominee medisave account, special account, nominee special account, retirement account and nominee retirement account (if any), at the rate of 4% per annum.
Revocation
Revoke the Central Provident Fund (Declaration of Rates of Interest) (No. 3) Notification 2024 (G.N. No. S 740/2024).