Disclaimer

This link brings you to a third party Website, over which Standard Chartered Bank (Singapore) Limited has no control ("3rd Party Website"). Use of the 3rd Party Website will be entirely at your own risk, and subject to the terms of the 3rd Party Website, including those relating to confidentiality, data privacy and security.

Standard Chartered Bank (Singapore) Limited makes no warranties, representations or undertakings about and does not endorse, recommend or approve the contents of the 3rd Party Website.

In addition to the terms stated in Standard Chartered Bank (Singapore) Limited's Important Legal Notices, Standard Chartered Bank (Singapore) Limited shall have no responsibility or liability in connection with the content of or the consequences of accessing the 3rd Party Website, including any virus arising from or system failure associated with the 3rd Party Website.

In the event of any inconsistency between the terms herein / the Bank's Important Legal Notices and the terms on the 3rd Party Website, the terms herein / the Bank's Important Legal Notices will prevail.

By clicking "Proceed", you will be confirming that you have read and agreed to the terms herein and in the Bank's Important Legal Notices.

Proceed

Child Development Account

Choose us for your CDA to give the best to your child and family.

Please note that from 23rd June 2015 onwards, we no longer open new CDA accounts. There will be no impact to existing Child Development Account-holders.

MSF Baby Bonus Scheme

MSF Baby Bonus Scheme

The Baby Bonus Scheme supports parents’ decision to have more children by helping to lighten the financial costs of raising children.

It was introduced on 1 April 2001 and enhanced on 1 August 2004 and 17 Aug 2008. The latest enhancements include the expansion of the categories of Approved Institutions (AIs) with effect from 1 July 2012 and the extension of the Child Development Account (CDA) until 31 December in the year the child turns 12, with effect from 1 January 2013.

As part of the enhanced Marriage and Parenthood package announced on 21 January 2013, there will be an enhanced Baby Bonus Cash Gift of $6,000 per child for the first two births and $8,000 per child for the third and fourth births.

Here’s a simple breakdown of the Enhanced Scheme’s benefits from 21 Jan 2013:

Birth Order
Cash Gift
Matching Government Contribution in the CDA
Total Benefit
1st child $6,000 Up to $6,000 Up to $12,000
2nd child $6,000 Up to $6,000 Up to $12,000
3rd child $8,000 Up to $12,000 Up to $20,000
4th child $8,000 Up to $12,000 Up to $20,000
5th child and beyond Not applicable Up to $18,000 for each child Up to $18,000

Scheme's benefits after 17 Aug 2008:

Birth Order Cash Gift Matching Government Contribution in the CDA Total Benefit
1st child $4,000 Up to $6,000 Up to $10,000
2nd child $4,000 Up to $6,000 Up to $10,000
3rd child $6,000 Up to $12,000 Up to $18,000
4th child $6,000 Up to $12,000 Up to $18,000
5th child and beyond Not applicable Up to $18,000 for each child Up to $18,000

Scheme's benefits before 17 Aug 2008:

Birth Order Cash Gift Matching Government Contribution in the CDA Total Benefit
1st child $3,000 Not Applicable $3,000
2nd child $3,000 Up to $6,000 Up to $9,000
3rd child $6,000 Up to $12,000 Up to $18,000
4th child $6,000 Up to $12,000 Up to $18,000

 

Eligibility & Documents

Eligibility

  • A child is eligible for the Baby Bonus Scheme if he or she is:
    • a Singapore Citizen or becomes a Singapore Citizen*
    • born alive to the mother^; and
    • the mother is lawfully married to the child’s father.

FAQs

Terms & conditions

Disclaimer

Standard Chartered Bank (Singapore) Limited (the "Bank") has prepared the above solely for your general information. The information has been derived from sources which the Bank believes to be reliable. While all reasonable care has been taken in preparing the above, the Bank does not represent or warrant that the information contained herein is accurate or complete and accepts no responsibility for any errors of fact or for any opinion expressed herein. The above information should not be used as a basis for making business or investment decisions. You should obtain professional advice before relying on any information contained herein. The Bank accepts no liability whatsoever for any reliance placed by you on the contents herein and will not be liable for any loss, damage or expense incurred by you whether arising directly or indirectly from your reliance on the above information.