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Direct Debit Authorisation Form Employers CPF Contributions

Direct Debit Authorisation Form Employers CPF Contributions

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most people save their money in bank accounts but did you know that the rising inflation May erode the value of your money in savings to avoid that you should invest your money in investment vehicles that could earn you potentially higher returns to beat the effects of inflation you may consider automating your Investments on a regular basis through our direct debit authorization facility or BDA DDA is an instruction given to your bank to deduct a fixed amount from your bank account to a unit trust fund of your choice here are the good reasons why you should consider enrolling for DDA by enrolling for DDA you can capitalize on the Ringgit cost averaging strategy or otherwise known as RCA by investing a fixed amount on a regular basis RCA strategy enables you to buy more units when the market is low and freeway units when the market is doing better as such you will be able to average out the cost per unit help over a long term you can also mitigate the risk of a large investment amount

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