When will the Unit Trust RSP investment amount be deducted?
Unit Trust RSP subscription will be on the 7th (T-day) calendar day of the month, if the 7th falls on a weekend or public holiday, it will be on the next business day.
Deduction details as follow:
- For Cash investment, money will be deducted from your bank account on T-3 day, depending on bank processing timeline
- For CPF/SRS investment, money will be deducted from your CPF account/SRS agent bank on T-1 day.
Please ensure that you have sufficient funds in your account before the deduction date (T-3) to prevent failed deductions.
A failed GIRO deduction fee may be imposed to your account by your bank. You may reach out to your bank should you require further clarification.