Choose Standard Chartered Bank for your CDA to give the best to your youngster and family.

Standard Chartered Bank CDA Details

Qualification and Documents

A youngster is qualified for the Baby Bonus Scheme on the off chance that he or she is:

a Singapore Citizen or turns into a Singapore Citizen

conceived alive to the mother^; and

the mother is legitimately hitched to the tyke's dad.

Features of CDA Account

MSF Baby Bonus Scheme

The Baby Bonus Scheme bolsters guardians' choice to have more youngsters by helping the money related expenses of bringing up kids.

It was presented on 1 April 2001 and upgraded on 1 August 2004 and 17 Aug 2008. The most recent upgrades incorporate the development of the classes of Approved Institutions (AIs) with impact from 1 July 2012 and the augmentation of the Child Development Account (CDA) until 31 December in the year the kid turns 12, with impact from 1 January 2013.

As a major aspect of the improved Marriage and Parenthood bundle declared on 21 January 2013, there will be an upgraded Baby Bonus Cash Gift of $6,000 per kid for the initial two births and $8,000 per kid for the third and fourth births.

Appealing Interest Rates

Watch your reserve funds become speedier at a loan fee of 0.50% p.a

No Monthly Fees

No base introductory store or adjust

Extra Interest Rates

Extra 0.30%p.a. enthusiasm above load up rates for Singapore Dollar Time Deposits set utilizing your CDA stores.

Standard Chartered Bank CDA Form