04-09-2022, 08:52 PM
(04-09-2022, 07:20 PM)Scythian Wrote: .
To comply with market practice
Irrespective of whether rates affect GIC performance or not, CPF must increase to 3.25%
Basing on banks12 months FD AVG rate @ 2.70%, trajectory 30 years, CPF Savings is 0.75% - 1.00,% higher than banks.
Rightly CPF Board should pay OA at least @ 3.25,% pa.