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What are the fees and charges involved? Does the bank charge an administration fee as well?

Updated by MAS
  • The bank will charge a transaction fee of $2 (inclusive of GST) for each Savings Bond application and each Savings Bond redemption request.
    For applications using cash, the transaction fee is deducted directly from your bank account.
    For applications using SRS funds, the transaction fee is deducted directly from your SRS balance.
    For other fees and charges which may arise from your participating bank account, kindly refer to the bank’s Terms and Conditions.
  • Transaction fees are non-refundable and will apply even if your application requests were unsuccessful.

This information is sourced from MAS.

Topics:

Singapore Savings BondsApplying for Savings Bonds

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