Maximum CPF everyday withdrawal Restrict being decreased from $200k to $50k as anti-fraud measure CPFB suggested members who plan to make big withdrawals to prepare in advance, including withdrawing in excess of $fifty,000 more than multiple times. Photograph: LIANHE ZAOBAO FILE
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“As a result, lowering the maximum day by day withdrawal limit provides a better deterrence to scammers and may help to limit the opportunity losses in a very rip-off.”
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A spokesman for CPFB explained: “These were being attributed mostly to government Formal impersonation scams and financial investment cons.
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Highest CPF each day withdrawal limit to generally be decreased from $200k to $50k as anti-rip-off measure Go through now
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