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Can I make multiple applications through different banks for the same Savings Bond issue? What will happen to my earlier requests? Will they be overwritten or superseded?
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Source: https://www.mas.gov.sg- For applications using cash, you can make multiple applications through either the same or different banks. However, each application will be charged a $2 transaction fee by the bank.
- For applications using SRS funds, you can only submit applications through your SRS Operator. However, you can submit multiple applications through the same SRS Operator. Each application will be charged a $2 transaction fee by the SRS Operator.
- You will not be able to amend or cancel your submitted applications. Submitted applications will not be overwritten or superseded. We will compile all your applications and apply the Individual Limit at allocation.
- Please note that you cannot submit a redemption request for the same bond in order to reduce the application amount. Redemption requests can only be made for securities that you already hold.
This information provided here is sourced from the MAS website.
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