Temp : 26°C   Humi : 78%
Non-mandatory Central
Provident Fund System

Improperly distributed funds

1.The funds improperly received by an account owner can be returned by way of deducting the related amount from his/her individual account balance.

2.In the event of insufficient balance, the account owner shall return the amount within 90 days from the date of receipt of the repayment notice.  Compulsory collection shall be imposed for failure to return the money within the said time limit.

3.The account owner can apply to return the money by monthly instalments.  The authorization for the repayment by instalments shall specify the number of instalments, the amount to be returned in each instalment and the respective due dates.  Compulsory collection will be imposed for failure to return the money within 60 days of the related due date.