1.       The OCBC Mail-in S$ Time Deposit Promotion is only available via mail-in application using OCBC Bank’s prescribed form only.

2.       “Eligible Account” means an individual Singapore Dollar (SGD) denominated Time Deposit Account with a placement via cheque or transfer from existing OCBC Bank deposit accounts, in aggregate of a minimum amount of S$40,000 up to a maximum amount of S$999,999 with Oversea-Chinese Banking Corporation Limited (“OCBC”).

3.       All Promotional Interest Rates and tenors are valid for a limited period only and are subject to change by OCBC Bank at its sole discretion without prior notice.

4.       Not valid with other offers or promotions unless otherwise stated.

5.       If the last day of the tenor does not fall on a Business Day, the deposit will mature on the first following date which is a Business Day, notwithstanding that this may result in the tenor exceeding 10 month.  Upon maturity, unless the principal and interest earned are withdrawn at maturity, the same will be renewed as a time deposit of a tenor of the same gross number of days as the previous deposit tenor, notwithstanding that this may exceed 10 months, at the prevailing 10-month Time Deposit interest rate determined by OCBC Bank.

6.       Upon maturity, the time deposit will, at the Bank’s option, automatically be renewed as a 10-month time deposit commencing on such maturity date at the prevailing interest rate for 10 months unless the Bank receives from the Customer written notice to the contrary on the relevant maturity date for Singapore Dollar funds (provided always that if the relevant maturity date is not a Business Day, notice is to be given on a Business Day immediately before the relevant maturity date) or unless such moneys are withdrawn at maturity.

7.       Premature Withdrawal Fee. No interest whether accrued or not will be payable for any premature withdrawal.  OCBC Bank shall be entitled to withhold any interest accrued on the Time Deposit.  In addition, in the event of premature withdrawal, OCBC Bank shall be entitled to charge a fee to be calculated as 0.15% of original principal amount of monies placed with OCBC Bank on time deposit.

8.       OCBC Bank reserves the right to waive/vary/amend any of these terms and conditions without prior notice. The decision of OCBC Bank on all matters relating to this Promotion shall be valid and binding.

9.       These terms and conditions shall be read in conjunction with the OCBC Terms and Conditions Governing Deposit Accounts (available at www.ocbc.com/tandc). In the event of any inconsistency between these terms and conditions, the OCBC Terms and Conditions Governing Deposit Accounts and any brochure, marketing or promotional material relating to the Promotion, these terms and conditions shall prevail.

10.   These terms and conditions shall be governed by the laws ofSingapore and the participants in the Promotion irrevocably submit to the non-exclusive jurisdiction of the courts of Singapore.

11.   A person who is not a party to any agreement governed by these terms and conditions shall have no right under the Contracts (Rights of Third Parties) Act (Cap 53B) to enforce any these terms and conditions.

12.   Singapore Deposits held by or for an individual or a charity in accounts listed in OCBC Bank’s Insured Deposit Register (available at www.ocbc.com/policies) will be insured in accordance with and for up to the limits specified in the Deposit Insurance Act.