Singapore legislation
Regulation 12
of Central Provident Fund (Investment Schemes) Regulations 2000
Regulation 12
Procedure prior to application under this Part
Subregulation 1
Before a member makes an application for the withdrawal of moneys under this Part, the member must first open a CPF Investment Account with an approved agent bank.
Subregulation 2
Moneys in the CPF Investment Account bear interest at such rate as may be determined, from time to time, by the approved agent bank in which the account is opened.
Subregulation 3
A member is not entitled to operate more than one CPF Investment Account at any one time.