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CTS November Deposits Hit Accounts as Nov. 14 Deadline Nears

Workers can withdraw their full CTS balance under Law No. 32322, but banks commonly take up to 48 hours to release posted funds.

Overview

  • Employers must deposit the May–October 2025 CTS within the first 15 days of November, which effectively moves the cutoff to Friday, Nov. 14 because the 15th falls on a Saturday.
  • Many accounts show the deposit first as a ledger balance and then convert to available funds within about 48 hours due to bank validations, and court orders such as child-support embargoes can also restrict access.
  • BCP, Interbank and Scotiabank enable withdrawals through mobile and online banking or branches, though Interbank may require an employer authorization letter if the account is not set to free availability.
  • Law No. 32322 permits withdrawal of 100% of CTS balances until Dec. 31, 2026, giving workers immediate liquidity once banks clear the funds.
  • For this semester’s deposit, companies calculate CTS on monthly pay plus one-sixth of the July bonus, prorating by months worked, and Sunafil can fine late or missing deposits from S/ 2,407.50 up to S/ 139,742 depending on company size.