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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: Name of Approved Institution
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How to fill out posb child development account

01
To fill out a POSB Child Development Account, follow these steps:
02
Visit the POSB website or any POSB branch.
03
Provide your identification documents such as NRIC or passport.
04
Fill out the account opening form with your personal details.
05
Provide the necessary documents such as your child's birth certificate or adoption papers.
06
Decide the amount you want to deposit and choose the type of account you wish to open.
07
Sign the necessary documents and complete any additional requirements.
08
Submit your application and deposit the required amount.
09
Await confirmation and activation of your child's POSB Child Development Account.

Who needs posb child development account?

01
POSB Child Development Account is designed for parents or legal guardians who want to save for their child's future.
02
It is suitable for families who wish to accumulate funds for their child's education, healthcare, or other long-term expenses.
03
The account encourages regular savings and offers additional benefits such as government co-matching grants to assist in reaching the savings goal.
04
Parents or legal guardians who are Singaporeans or Permanent Residents can open this account for their children who are Singaporeans.
05
Overall, anyone who wants to secure their child's financial future can benefit from having a POSB Child Development Account.
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The POSB Child Development Account (CDA) is a special savings account in Singapore that helps parents save for their child's educational and healthcare needs.
Parents with children under the age of 12 who are Singapore citizens are required to open and contribute to a POSB CDA.
To open a POSB CDA, parents can visit a POSB branch with the necessary documents and make an initial deposit. Subsequent contributions can be made through various modes such as GIRO, online transfers, or at POSB ATMs.
The purpose of a POSB CDA is to help parents save for their child's educational and healthcare expenses, as well as to receive government matching contributions to further boost the savings.
The POSB CDA requires basic information about the child and parents, as well as details about contributions and withdrawals made from the account.
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