DBS changed its Mutiplier plan

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cassowary18

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greythorne said:
For the RSP, DBS will continue to deduct every month despite the RSP is valid for 12months?

Secondly, for the Cashback bonus need to one investment category?
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Of course, they will continue to deduct the RSP until you decide to terminate.

Cashback Bonus needs 3 categories at least: Income (only salary counts, no dividends), Credit Card Spend, Investment (only RSP counts, no DBS Vickers or DBS Online Equity Trading), Home Loan, Insurance.
 
reddevil0728

reddevil0728

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yisme? said:
Hi all, need some advise here.

i bought the cancer care plan on 20 july 2020. premium is deducted every 5th of the month. when should i write in to cancel this plan and apply for the term plan to start a new 12 months period?

my monthly investment is reflected as 11/12. and deducted from account on every 15th. when should i start buy a new recurring investment plan to start a new 12 months period?
thanks.
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So insurance 1/12 deduction is Jul 20, 12/12 deduction should be jun 21. Should cancer 1 Jul 21 and apply for a new insurance in July 21.

for investment, the month it becomes 12/12, cancel on the 1st day of the following month and sign up for a new one in that month before 15
 
reddevil0728

reddevil0728

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greythorne said:
For the RSP, DBS will continue to deduct every month despite the RSP is valid for 12months?

Secondly, for the Cashback bonus need to one investment category?
Click to expand...
Why do you think it wouldn’t continue to deduct?

Are you conflating it with eligibility?
 
arctician

arctician

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i rushing to meet the 30k for the multiplier bonus interest. if i like to clock 30k investment for july and with T+2 since its based on settlement date, i have to buy shares latest by next monday?
 
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vegavega25

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Would a purchase on the SGX made today (June 30) from cash upfront (i.e. available in the account) count towards the Investment category for June? Or is it too late?

FAQ says, "Only “BUY” equity trades purchased via DBS Vickers Online Account or DBS Treasures Online Equity Trading using cash, CPF or SRS qualify as eligible transactions for the month after it is fully settled."

Fully settled means receipt of shares in the trading account, I take it. That probably happens by Friday or Monday... So it too late, yes?
 
highsulphur

highsulphur

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vegavega25 said:
Would a purchase on the SGX made today (June 30) from cash upfront (i.e. available in the account) count towards the Investment category for June? Or is it too late?

FAQ says, "Only “BUY” equity trades purchased via DBS Vickers Online Account or DBS Treasures Online Equity Trading using cash, CPF or SRS qualify as eligible transactions for the month after it is fully settled."

Fully settled means receipt of shares in the trading account, I take it. That probably happens by Friday or Monday... So it too late, yes?
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Too late. Need to settle
 
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demoforce1

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I have pay cancercare 12x this month, and plan to buy term later this month, is this correct process?
When should I cancel my cancercare?
 
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