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Q: How do I sign up for this service?

01 Jun, 2020 1130 CAGD Direct Debit
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A: Follow the steps below to sign up for the Databank CAGD service:

  1. Visit a Databank location to complete the Loan Advance form and the Authority Note form provided by the CAGD.
  2. Submit the Loan Advance form to a Relationship Manager for endorsement after completing and signing it.
  3. Submit the Authority Note form to your Head of Management Unit or Salary Validators for endorsement and stamping. The Head of Management Unit will also generate a mandate number for you.
  4. Return the stamped and endorsed forms to a Databank location with a valid national ID and a passport photo.
  5. Fill the CAGD Databank Investment Deduction Form at the Databank location to indicate the mutual fund account you have chosen to credit.
  6. The filled forms, ID and passport photo will be scanned and uploaded onto the Third-Party Reference System (TPRS) portal to begin the deductions.