When will the funds be debited from my account?

Q: When will the funds be debited from my account?

For Cash applications: Funds are deducted at point of application. The discount to the face value of your allotted T-bills will be credited into your account within 1 – 3 business days after auction date. For SRS applications: Funds are earmarked at the point of application, before being deducted within 1 – 3 business days after auction date. For CPFIS applications: Funds are deducted within 1 – 3 business days after auction date. Note: Please check with your bank for any transaction charges for using the different funds for application.

Question

Accepted Answer

For Cash applications: Funds are deducted at point of application. The discount to the face value of your allotted T-bills will be credited into your account within 1 – 3 business days after auction date.

For SRS applications: Funds are earmarked at the point of application, before being deducted within 1 – 3 business days after auction date.

For CPFIS applications: Funds are deducted within 1 – 3 business days after auction date.

Note: Please check with your bank for any transaction charges for using the different funds for application.

When will the funds be debited from my account?

Related questions

When will the monies be deducted from my bank account? Do I receive interest on the monies that are deducted from my bank account when I make the application?

Upon maturity of the T-bills, how much will I receive? When will I receive the principal amount?

When my application is pro-rated, what would I expect to see in terms of deduction?