Get the free POSB CHILD DEVELOPMENT ACCOUNT (CDA) FORM FOR INTERBANK GIRO PART 1: FOR APPLICANTS ...
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POST CHILD DEVELOPMENT ACCOUNT (CDA) FORM FOR INTERBANK GIRO PART 1: FOR APPLICANTS COMPLETION (fill in the spaces indicated with a) Date: Child Development Account (CDA) Number: To: Name of Bank:
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How to fill out posb child development account
How to Fill Out POSB Child Development Account:
01
Obtain the POSB Child Development Account application form from the POSB website or any POSB branch.
02
Fill in your personal information accurately, including your name, identification number, contact details, and residential address.
03
Provide the necessary details of your child, such as their name, date of birth, and identification number.
04
Indicate your relationship to the child, whether you are the parent or guardian.
05
Input your employment information, including your employer's name, contact details, and occupation.
06
Specify the type of account you would like to open, whether it's a CDA Trust Account or a CDA Plus Account.
07
Determine the initial deposit amount for the account, ensuring that it meets the minimum requirement set by POSB.
08
Choose the mode of operation for the account, whether it will be a sole account or a joint account with another guardian.
09
Declare any relevant details regarding government grants or subsidies that you may be eligible for.
10
Review the information filled in the application form for accuracy and completeness.
11
Sign and date the application form.
12
Prepare any supporting documents that may be required, such as your identification documents, your child's birth certificate, and any other relevant documents as specified by POSB.
13
Visit a POSB branch to submit your completed application form and supporting documents.
Who Needs POSB Child Development Account:
01
Parents who want to save for their child's future educational expenses can benefit from opening a POSB Child Development Account.
02
Guardians or caregivers responsible for a child's development and financial needs can also consider opening a POSB Child Development Account.
03
Singaporean citizens or Permanent Residents who meet the eligibility criteria set by POSB can apply for a Child Development Account.
04
Families who wish to take advantage of government grants and subsidies available to support their child's educational journey can opt for a POSB Child Development Account.
05
It is highly relevant for parents or guardians who want to start planning and financially preparing for their child's education from an early age.
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What is posb child development account?
POSB Child Development Account (CDA) is a special savings account for children in Singapore.
Who is required to file posb child development account?
Parents or legal guardians of children who are Singaporean citizens are required to open and maintain a POSB Child Development Account.
How to fill out posb child development account?
Parents or legal guardians can visit any POSB branch to open a Child Development Account and complete the necessary application forms.
What is the purpose of posb child development account?
The purpose of POSB Child Development Account is to help parents save for their children's future educational and healthcare needs.
What information must be reported on posb child development account?
Information such as the child's birth certificate, parents' identification documents, and a completed application form must be provided when opening a POSB Child Development Account.
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