In considering the inclusion of Fixed Deposit Banks under CPF Investment Scheme, the Board uses the following criteria:

1. The bank must be locally incorporated with minimum capital funds of S$1.5 billion and good credit rating; or
2. The bank must be a subsidiary of a locally-incorporated bank which meets the criteria at (i). The bank must continue to be a subsidiary of the locally-incorporated bank; or
3. If the bank is a foreign bank, it must be accorded the Qualifying Full Bank privileges.