You don’t have to wait till you’re old and wizened to use the money in your CPF account. The first time you’ll find yourself using your CPF monies is usually to buy a home. The money in your CPF OA can be put towards the purchase of any kind of home in Singapore, HDB or private, resale or under construction,.
5 Things to Consider when Buying A Resale Flat
Read full article
5 Things to Consider when Buying A Resale Flat
So, you’re thinking of getting a BTO flat, but you’re worried about the construction delays caused by the COVID-19 pandemic. Or perhaps you were unsuccessful with your BTO application.
Whatever the reason, you may be thinking of entering into the HDB resale market. After all, if you have an immediate housing need or want to live in a mature estate that already has convenient access to amenities, then getting a resale flat is a no-brainer choice.
But while resale flats have their benefits, remember that there are other key considerations that you need to take note of, such as the financing aspect and the flat’s lease. So before you decide to get a resale flat, here are some of the things you need to know.
February 18, 2021
Deposit insurance may remain unused×
RELATED
At present, when a bank is placed under Directions, deposit withdrawals are capped and it ranges from ₹1,000 to ₹1 lakh of the total balance held by a depositor.
Depositors of Urban Co-operative Banks (UCBs), under Directions, may not have to sweat it out to get back their savings up to the ₹5 lakh insured amount, going by the amendments being considered to the Deposit Insurance and Credit Guarantee Act (DICGC), 1961.
The Government and the Reserve Bank of India (RBI) are believed to be examining the feasibility of allowing depositors of banks, especially UCBs, under regulatory Directions to withdraw up to the ₹5 lakh insured amount to alleviate their misery.
1. MediSave limits for hospitalisation & surgery
Sorry, but you cannot use your MediSave to pay for that GP visit you made in order to get an MC. If you get hospitalised or have to undergo day surgery, however, you will be able to use MediSave to pay.
Two types of MediSave limits apply: (a) daily hospital limits (which only apply to hospital charges excluding surgery) and (b) surgical limits (only apply to surgery). So if you get hospitalised and undergo surgery, you can claim up to two different limits.
(a) MediSave limits for hospital charges
Type of hospital stay
Inpatient episodes