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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:Name
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How to fill out posb child development account

01
Step 1: Gather the required documents such as the child's birth certificate and your identification.
02
Step 2: Visit any POSB Bank branch and request an application form for the Child Development Account.
03
Step 3: Fill out the application form with accurate information, providing details about the child and parent.
04
Step 4: Submit the completed application form along with the necessary documents to the bank officer.
05
Step 5: Pay the required initial deposit amount for opening the POSB Child Development Account.
06
Step 6: Once the account is opened, you can start depositing money into the account regularly for your child's development.
07
Step 7: Monitor the account balance and periodically review the account statements to keep track of the savings.

Who needs posb child development account?

01
POSB Child Development Account is beneficial for parents or guardians who want to save money for their child's future education and development.
02
It is especially useful for parents who want to take advantage of the government's matching grants and benefits offered through the Child Development Co-Savings Scheme (CDA).
03
The account is suitable for Singaporean citizens or Permanent Residents who have children below the age of 12.
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POSB Child Development Account is a savings account in Singapore designed to help parents save for their child's educational and developmental needs.
Parents or legal guardians of children in Singapore are required to open and maintain a POSB Child Development Account for their child.
To open a POSB Child Development Account, parents can visit a POSB branch with the necessary documents and complete the account opening form.
The purpose of a POSB Child Development Account is to help parents save and plan for their child's future educational and developmental needs.
Parents must provide personal information, the child's birth certificate, and other relevant documents when opening a POSB Child Development Account.
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