Post-Secondary Education Account (PSEA) Scheme
The PSEA scheme helps parents save for their children’s post-secondary education by maintaining a Post-Secondary Education Account (PSEA) for each eligible child. This is part of the Government’s efforts to encourage every Singaporean to complete his post-secondary education. PSEA is not a bank account. It is administered by the Ministry of Education and is opened automatically for all eligible Singaporeans.
Please click here for details on PSEA Scheme
OCBC's Collection Service
You may credit funds into the Post-Secondary Education Account (PSEA) administered by the Ministry of Education (MOE) through the following OCBC channels
|
Where To Deposit Funds |
Instruction |
|
OCBC branch teller counter |
Please provide child’s Birth Certificate number |
| Cheque deposited into OCBC Quick Cheque Box at any OCBC Branch |
Cheque payable to the “Ministry of Education – PSEA”
Write child’s Birth Certificate number on the flip side of the cheque |
ATM
(available from 1 October 2008) |
1. Select “Govt / Statutory Board”
2. Enter transaction amount
3. Select “MOE PSEA”
4. Enter Child’s Birth Cert no. excluding the alphabets).
5. If transaction amount is more than the outstanding
contribution limit , you need to confirm if you wish to
proceed .
6. Receipt is printed for successful transaction. |
You will not be able to contribute into the PSEA if the outstanding contribution limit (as set for the Children Development Account) has been exceeded.
For queries on the Post-Secondary Education Account (PSEA) administered by the Ministry of Education, please call MOE at 6260 0777 or log onto
http://www.moe.gov.sg/initiatives/post-secondary-education-account/ |
