2.4.6 CPF Account Types Tab

This topic provides the systematic instructions to specify the CPF Account types on Single Entity Maintenance screen.

• Each Fund is explicitly defined for the eligibility of a specific investment type (Like CPFOA Approved? CPFSA Approved? etc) and only on this basis, transactions like Subscription, Redemption, Switch can be processed for specific investment types on these Funds.
• The approval date and the corresponding Fund ID as identified for that investment account type is captured for each of the fund in the system.
• Only the agent banks that are approved by the CPF board or any other relevant authority are allowed to maintain these accounts for its customers.
• The Account Type for the unit holder bank details should be of same type as UH Account Type for a CPF Account.
• The number of bank details to be captured for the CPF Account will be restricted to only one account. Also it will be mandatory to specify at least one account.
• Unit holder upload will capture of CPF account types and also validate the account type with bank details. For non CPF account types, the system will check that bank details maintained for the unit holder is not a CPF account type.

1. On Single Entity Maintenance Detail screen, click CPF Account Types tab to enter the details.
   The CPF Account Types details are displayed.

   Figure 2-9 Single Entity Maintenance Detail_CPF Account Types Tab

   
   

   
   Description of "Figure 2-9 Single Entity Maintenance Detail_CPF Account Types Tab"

   
   
2. On CPF Account Types Tab, specify the fields.
   For more information on fields, refer to the field description table.

   Table 2-8 CPF Account Types - Field Description

   Field	Description
   Account Type	Alphanumeric; 2 Characters; Mandatory Specify the account type. Alternatively, you can select account type from the option list. The list displays all valid account type maintained in the system.
   Account Type Description	Display Enter the CPF account type description.