Deposit a minimum of S$50 into your CDA over a period of 6 months and enjoy additional savings of S$100 in the account contributed by OCBC.
This contribution will in turn bring you higher dollar-for-dollar contributions by the Government.
*Only valid if the savings in your Child Development Account has not reached the co-savings cap
On 15 December 2012, OCBC Bank launched the OCBC CDA Starter Scheme (the “Scheme”) as the Managing Agent Bank for the Child Development Account (CDA).
The scheme aims to help families with a monthly household income of less than S$4,500 to start saving through the CDA.
Up to 2,500 low-income families will benefit from the Government-matching dollar-for-dollar Baby Bonus scheme through this S$250,000 savings initiative.
The savings in the CDA can be used by the family for the child’s expenses incurred at Ministry of Social and Family Development (MSF) approved institutions
for CDA Starter Scheme
or passport of parent
from you & everyone in your household:
Include any one of the following original documents:
Don’t have a Child Development Account (CDA) yet? Call the Baby Bonus Hotline at 1800 253 7707 (Monday to Friday, 8.30am to 5.30pm) to find out how to apply.