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OCBC Child Development Account
(CDA) Interbank GIRO Application Form FOR INTERBANK GIRO FOR OCBC CHILD DEVELOPMENT ACCOUNT (CDA)
HOW TO APPLY
1. Complete Section A of this form
2. Sign against amendments
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How to fill out ocbc child development account
How to fill out OCBC Child Development Account:
01
Start by gathering all the necessary documents, such as your child's birth certificate, your NRIC, and any supporting documents if applicable.
02
Visit any OCBC branch and approach a bank officer who will assist you in opening the account. Inform them that you want to open a Child Development Account (CDA) for your child.
03
Fill out the necessary application forms provided by the bank officer. Make sure to provide accurate information and double-check all details before submitting the forms.
04
Once you have completed the application forms, submit them along with the required supporting documents to the bank officer. They will review the forms and documents to ensure everything is in order.
05
Depending on the bank's processing time, you may need to wait for a short period while they verify the information and open the CDA. The bank officer will inform you about the status of your account and provide you with any additional instructions, if necessary.
06
Once your OCBC Child Development Account is opened, you can start depositing funds into the account. Remember to follow the government's guidelines and make the necessary deposits to maximize the government matching contributions.
07
Monitor your account regularly and keep track of the balance and transactions. OCBC provides online banking services, making it convenient for you to check the account balance and make transfers if needed.
Who needs OCBC Child Development Account:
01
OCBC Child Development Account is designed for parents or legal guardians of Singaporean children. It is specifically meant for those who wish to save for their child's education and development expenses.
02
Parents who want to take advantage of the government's CDA benefits, such as the dollar-for-dollar matching contributions for eligible expenses, may consider opening an OCBC Child Development Account.
03
This account is also beneficial for parents who want a dedicated savings account for their child's future education needs, as it offers higher interest rates than regular savings accounts.
04
It is important to note that opening an OCBC Child Development Account is not mandatory but can provide significant financial assistance and savings for your child's development.
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What is ocbc child development account?
OCBC Child Development Account is a savings account specially designed for parents to save for their child's future educational expenses.
Who is required to file ocbc child development account?
Parents with children eligible for the account are required to open and manage the OCBC Child Development Account.
How to fill out ocbc child development account?
To fill out the OCBC Child Development Account, parents need to submit the required documents and complete the application form at any OCBC branch.
What is the purpose of ocbc child development account?
The purpose of OCBC Child Development Account is to help parents save and plan for their child's educational needs, such as primary, secondary, or tertiary education.
What information must be reported on ocbc child development account?
Information such as the child's details, parent's details, and proof of relationship must be reported on the OCBC Child Development Account.
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