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CPF PayNow Promotion

Get rewarded with S$100 cash credit when you transfer your CPF retirement savings or CPF LIFE to your Privilege Plus Savings Account

If you are turning 55 years old soon:


Receive S$100 cash credited when you transfer a minimum of S$10,000 of your CPF retirement savings to your Maybank Privilege Plus Savings Account.

Just follow the simple steps below!

Step 1:  Register for PayNow
Link your NRIC number to your Maybank Privilege Plus Savings Account via Maybank Online Banking.

 

Step 2:  Set up CPF Online Services     
Submit an online application with your SingPass via CPF Online Services.

Click “My Requests” to indicate instruction to receive your CPF funds via PayNow.

 

Step 3:  Register to receive your S$100 cash credit
SMS to 79898 after submitting your application via CPF Online   Services:

MBPS55 <Maybank Privilege Plus Account number> <Full Name> <Last 4 digits of NRIC>

E.g. MBPS55 14112345678 TAN LEE LEE 567D

Click “My Requests” to indicate instruction to receive your CPF funds via PayNow.

If you are turning 65 years old soon:


Receive S$100 when you request to receive your CPF LIFE monthly payouts into your Maybank Privilege Plus Savings Account with S$500 transferred into your account over 3 consecutive months

Step 1:  Set up CPF LIFE monthly payouts

  • Call 1800-227-1188 to request for Change of Bank Details for Withdrawal on Retirement or Medical Grounds link to be sent to you via SMS. Follow the instructions to complete the application form accordingly
  • Indicate your Maybank Privilege Plus Savings Account details to receive your monthly payouts

 

Step 2:  Register to receive S$100 cash credit
SMS to 79898 after submitting your application via CPF Online Services:

MBPS65 <Maybank Privilege Plus Account number> <Full Name> <Last 4 digits of NRIC>

E.g. MBPS65 14112345678 TAN LEE LEE 567D

Terms and Condition


  • If you are turning 55 years old, click here to view Terms and Conditions for CPF Retirement Savings PayNow Promotion
  • If you are turning 65 years old, click here to view Terms and Conditions for CPF Retirement Sum Scheme PayNow Promotion

 

Deposit Insurance Scheme
Singapore dollar deposits of non-bank depositors are insured by the Singapore Deposit Insurance Corporation, for up to S$75,000 in aggregate per depositor per Scheme member by law. Monies and deposits denominated in Singapore dollars under the CPF Investment Scheme and CPF Retirement Sum Scheme are aggregated and separately insured up to S$75,000 for each depositor per Scheme member. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.