Singapore Deposit Insurance Scheme coverage
The coverage limit combines eligible deposits at each Scheme member, with separate treatment for certain CPF monies.
- Ordinary deposits and SRS monies
- Up to S$100,000 in aggregate per depositor per Scheme memberSDIC, Deposit Insurance FAQs
- CPF Investment and Retirement Sum Scheme monies
- Aggregated separately, insured up to S$100,000SDIC, Deposit Insurance FAQs
- Eligible currency
- Singapore dollarsSDIC, scope of deposit insurance
What the limit combines
SDIC administers the Deposit Insurance Scheme. Eligible Singapore dollar savings, fixed and current accounts and Supplementary Retirement Scheme monies share a S$100,000 aggregate limit per depositor per Scheme member. Multiple accounts at the same member do not each receive that limit. SDIC, Deposit Insurance FAQs (opens in a new tab).
Separate CPF treatment
CPF Investment Scheme and CPF Retirement Sum Scheme monies are aggregated separately and insured up to S$100,000. Trust and client accounts have separate per-account coverage. SDIC, Deposit Insurance FAQs (opens in a new tab).
What is covered and excluded
Eligible Singapore dollar deposits placed at a Scheme member's Singapore branches are covered. Foreign currency deposits, structured deposits and investments such as unit trusts, shares and other securities are excluded. SDIC, scope of deposit insurance (opens in a new tab).
Scope
This is general information about deposit protection, with no coverage calculation or product recommendation. It does not assess individual account ownership, joint accounts, trusts or bank-merger arrangements.