The different types of Deposit Schemes are as under:
Click here for the features of our products to know the minimum amount of deposit that should be maintained under various deposit schemes.
Please refer to the pricing guide to know the fall below fee penalty for our deposit schemes. Please click here
Documents to be submitted along with the application form (originals to be produced for face to face verification)
The current Interest rates are available at:
Yes. Deposits in the names of Minor are accepted subject to applicable terms and conditions.
Yes. The deposit can be opened in Joint names. Joint accounts with mode of operations such as Either or Survivor, Jointly, Former or Survivor, Latter or Survivor, Anyone or Survivor, etc., are permitted. For more details, please refer the Terms & Conditions document governing the deposit accounts. Please click here
Nomination Facility is not available.
* Please contact the branch for further information.
Yes. Premature payment of fixed deposits is allowed subject to the terms and conditions of the individual schemes. For further information, Please refer to features of the products. Please click here
The bank may consider loan against the deposits to the maximum extent of 90% of the deposit amount subject to the terms and conditions of the product. Please Click here
There is no tax deduction at source on the interest income earned from your deposit. This may be subject to change from time to time in line with the changes of the Local Tax Laws during the tenure of the deposit and the Bank will abide by the rules prevailing in this regard from time to time.
The deposit is governed by the laws of Singapore and will be subject to the jurisdiction of the Courts in Singapore in case of any dispute.
DEPOSIT INSURANCE SCHEME: Singapore dollar deposits of non-bank depositors are insured by the Singapore Deposit Insurance Corporation, for up to S$75,000 in aggregate per depositor per Scheme member by law. Monies and deposits denominated in Singapore dollars under the CPF Investment Scheme and CPF Retirement Sum Scheme are aggregated and separately insured up to S$75,000 for each depositor per Scheme member. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured. ( Please click here for more information ) .