Baby Bonus

Cash gift as part of baby bonus in Singapore

Cash Gift From Government

Amount of cash amount from the government will depends on the birth order of the child

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How to use the fund in the Child Development Account for baby bonus in Singapore

Uses of Child Development Account

The money in the Child Development Account cannot be withdrawn in cash. Withdrawal can be made via Interbank GIRO or NETS at Approved Institutions (AIs).

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Pro-rated cash gift for baby bonus if your child is not born in Singapore.

Pro Rated Cash Gift if Child is not Singaporean at Birth

If your child is not a Singaporean at birth. The amount of cash gift will be pro-rated according to the date that a child converts to Singapore citizenship.

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Pro-rated funding for baby bonus if your child is not born in Singapore

Pro Rated Funding By Government if Child is not Singaporean at Birth

If your child is not a Singaporean at birth. The amount of benefits will be pro-rated according to the date that a child converts to Singapore citizenship

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What will happen to the unused fund in Child Development Account for baby bonus in Singapore

Unused Saving in Child Development Account

Unused saving in the child development account will be transferred to post-secondary educational account

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Investing the fund in Child Development Account in Singapore

Investing the Funds in Child Development Account

Funds in the Child Development Account can be used for Singapore Dollars fixed or time deposit account, but before you can make this investment

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