Q: How do I sign up for this service?
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A: Follow the steps below to sign up for the Databank CAGD service:
- Visit a Databank location to complete the Loan Advance form and the Authority Note form provided by the CAGD.
- Submit the Loan Advance form to a Relationship Manager for endorsement after completing and signing it.
- 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.
- Return the stamped and endorsed forms to a Databank location with a valid national ID and a passport photo.
- Fill the CAGD Databank Investment Deduction Form at the Databank location to indicate the mutual fund account you have chosen to credit.
- The filled forms, ID and passport photo will be scanned and uploaded onto the Third-Party Reference System (TPRS) portal to begin the deductions.