Deposit Insurance Register
Our wide range of accounts ensures that you are never short of choices and your money is in safe hands.
The Deposit Insurance Scheme was established under the Deposit Insurance Act, which came into force on 18 October 2005. The Scheme aims to provide limited protection to individuals and charities in respect of their "Insured Deposits" placed with banks and finance companies that are members of the Scheme. Standard Chartered Bank (Singapore) Limited is a member.
With effect from 1 May 2011, the Deposit Insurance Scheme comes under the Deposit Insurance and Policy Owners' Protection Schemes Act 2011, with the following material changes:
- The insured deposit coverage limit has been increased to $50,000 per depositor, per Scheme member.
- Insured depositors now include depositors in general (including sole proprietorships, partnerships, companies, societies and associations), except for depositors who are themselves banks.
Standard Chartered deposit accounts that are eligible for deposit insurance coverage under the Deposit Insurance Act are listed in the Insured Deposit Register below.