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OCBC Supplementary Retirement Scheme (SRS) Account | Tax Savings
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Indicate on the back of the cheque:</p> <ul> <li>Your name</li> <li>NRIC or FIN number</li> <li>SRS account number</li> <li>Contact number</li> </ul> <p>For cheques received before 3.30pm on a working day, the funds will only be credited to SRS account around 4.00pm on the following working day, if the cheque is good for payment.</p> <p>SRS contribution cannot be done via other banks’ internet and mobile banking.</p> <p>Contributions must be made by 31 December of each year in order to be eligible for tax deduction in the same year.</p> <p>Standing instruction is currently not available.</p>" } },{ "@type": "Question", "name": "When can I withdraw my SRS funds?", "acceptedAnswer": { "@type": "Answer", "text": "<p>You can withdraw your SRS funds anytime.</p> <p>If you withdraw from your account at or after the age of 62 (statutory retirement age), only 50% of the withdrawn amount is subject to tax.</p> <p>However, if you make a withdrawal before the statutory retirement age prevailing at the time of your first contribution, funds withdrawn will be subjected to tax and a 5% penalty.</p> <p>The penalty applies to all withdrawals except those made under exceptional circumstances:</p> <ol> <li>death;</li> <li>medical grounds;</li> <li>bankruptcy; or</li> <li>the full withdrawal of the SRS balance by a foreigner provided that the following conditions are met: <ol> <li>you are neither a Singapore Citizen nor a Singaporean PR on the date of withdrawal and for a continuous period of 10 years preceding the date of withdrawal;</li> <li>you have maintained your SRS account for a period of not less than 10 years from the date of your first contribution to your SRS account; and</li> <li>you make a one-time full withdrawal from your SRS account.</li> </ol> </li> </ol>" } }] } </script><!--ls:end[body_injection_top]--><!--ls:begin[analytics-body-top]--><!--ls:end[analytics-body-top]--><div class="iw_viewport-wrapper"><div class="container-fluid iw_section" id="sectionjztq8wo2"> 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class="header__sub-mobile-section">Accounts</div> </div> <div class="col-lg-6"> <div class="header__sub-left"> <div class="row"> <div class="col-md-6 col-lg-6"> <div class="header__sub-menu-item "> <div class="header__sub-menu-item-text "> <div class="tag">Day-to-day Banking</div> <div class="name"><a cta-id="PersonalBanking-navbar-Accounts-megamenu-360Account" href="/personal-banking/deposits/360-savings-account" class="link link link-arrow-right" target="_self">360 <span class="text-nowrap">Account<i class="far fa-chevron-right"></i></span></a></div> </div> </div> </div> <div class="col-md-6 col-lg-6"> <div class="header__sub-menu-item "> <div class="header__sub-menu-item-text "> <div class="tag">Savings</div> <div class="name"><a cta-id="PersonalBanking-navbar-Accounts-megamenu-BonusPlusSavingsAccount" href="/personal-banking/deposits/bonus-plus-savings-account" class="link link link-arrow-right" target="_self">Bonus+ Savings <span class="text-nowrap">Account<i class="far 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fa-chevron-right"></i></span></a></div> </div> </div> </div> </div> <div class="row"> <div class="col-lg-12"> <div class="header__sub-menu-readmore d-flex align-items-center"><a cta-id="PersonalBanking-navbar-Accounts-megamenu-SeeAllAccounts" href="/personal-banking/deposits" class="button button--secondary button--link 
				 " target="_self"><span>See all accounts</span></a></div> </div> </div> </div> </div> <div class="col-lg-6"> <div class="header__sub-right"> <div class="row"> <div class="col-lg-12"> <div class="header__sub-menu-featured"> <div class="row"> <div class="col-lg-2 line-wrapper"> <div class="line"></div> </div> <div class="col-lg-6"><img src="/iwov-resources/sg/ocbc/personal/img/live/navbar_kv-moa-img.jpg" alt=""></div> <div class="col-lg-4"> <div class="tag"><span class="co-black"><p class="mb-3">A first-of-its-kind savings account for kids aged 7 to 15, the OCBC MyOwn Account lets your child manage their own money while you stay in control.</p> <p>T&Cs apply. Insured up to S$100k by SDIC.</p></span></div> <div class="header__sub-menu-link"> <p></p> </div> <div class="header__sub-menu-readmore"><a href="/personal-banking/deposits/myown-account" class="link link link-arrow-right" target="_self">Find out <span class="text-nowrap">more<i class="far fa-chevron-right"></i></span></a></div> </div> </div> </div> </div> </div> </div> </div> </div> <div id="cards" class="header__row row "> <div class="col-lg-12 d-block d-lg-none"> <div class="header__sub-mobile-section">Cards</div> </div> <div class="col-lg-6"> <div class="header__sub-left"> <div class="row"> <div class="col-md-6 col-lg-6"> <div class="header__sub-menu-item header__sub-menu-with-image"> <div class="header__sub-menu-item-image"><img src="/iwov-resources/sg/ocbc/personal/img/live/navbar_cardface-infinity.png" alt="" class=""></div> <div class="header__sub-menu-item-text "> <div class="tag">Unlimited cashback on your spending</div> <div class="name"><a cta-id="PersonalBanking-navbar-Cards-megamenu-INFINITYCC" href="https://www.ocbc.com/personal-banking/cards/infinity-unlimited-cashback-card" class="link link link-arrow-right" target="_self">OCBC INFINITY Cashback <span class="text-nowrap">Card<i class="far fa-chevron-right"></i></span></a></div> </div> </div> </div> <div class="col-md-6 col-lg-6"> <div class="header__sub-menu-item header__sub-menu-with-image"> <div class="header__sub-menu-item-image"><img src="/iwov-resources/sg/ocbc/personal/img/live/navbar_cardface-365visacc.png" alt="" class=""></div> <div class="header__sub-menu-item-text "> <div class="tag">For everyday spending</div> <div class="name"><a cta-id="PersonalBanking-navbar-Cards-megamenu-365CC" href="/personal-banking/cards/365-cashback-credit-card" class="link link link-arrow-right" target="_self">OCBC 365 Credit <span class="text-nowrap">Card<i class="far fa-chevron-right"></i></span></a></div> </div> </div> </div> </div> <div class="row"> <div class="col-md-6 col-lg-6"> <div class="header__sub-menu-item header__sub-menu-with-image"> <div class="header__sub-menu-item-image"><img src="/iwov-resources/sg/ocbc/personal/img/live/cards/rewards-card/rewardscard-noshadow.png" alt="" class=""></div> <div class="header__sub-menu-item-text "> <div class="tag">Get rewarded for shopping</div> <div class="name"><a cta-id="PersonalBanking-navbar-Cards-megamenu-OCBCRewardsCard" href="/personal-banking/cards/rewards-card" class="link link link-arrow-right" target="_self">OCBC Rewards <span class="text-nowrap">Card<i class="far fa-chevron-right"></i></span></a></div> </div> </div> </div> <div class="col-md-6 col-lg-6"> <div class="header__sub-menu-item header__sub-menu-with-image"> <div class="header__sub-menu-item-image"><img src="/iwov-resources/sg/ocbc/personal/img/live/navbar_cardface-90n.png" alt="" class=""></div> <div class="header__sub-menu-item-text "> <div class="tag">Daily spend for future travels</div> <div class="name"><a cta-id="PersonalBanking-navbar-Cards-megamenu-90NCard" href="/personal-banking/cards/90-degrees-travel-credit-card.page" class="link link link-arrow-right" target="_self">OCBC 90°N <span class="text-nowrap">Card<i class="far fa-chevron-right"></i></span></a></div> </div> </div> </div> </div> <div class="row"> <div class="col-lg-12"> <div class="header__sub-menu-readmore d-flex align-items-center"><a cta-id="PersonalBanking-navbar-Cards-megamenu-SeeAllCards" href="/personal-banking/cards" class="button button--secondary button--link 
				 " target="_self"><span>See all cards</span></a></div> </div> </div> </div> </div> <div class="col-lg-6"> <div class="header__sub-right"> <div class="row"> <div class="col-lg-12"> <div class="header__sub-menu-featured"> <div class="row"> <div class="col-lg-2 line-wrapper"> <div class="line"></div> </div> <div class="col-lg-6"><img src="/iwov-resources/sg/ocbc/personal/img/live/navbar_festive24.jpg" alt=""></div> <div class="col-lg-4"> <div class="tag"><span class="co-black">Make this holiday season merry and bright with Weekend Flash Deals and exciting festive offers, with savings of up to 50% off. Exclusively for OCBC cardmembers till 22 December 2024 only. T&Cs apply.</span></div> <div class="header__sub-menu-readmore"><a cta-id="PersonalBanking-navbar-Cards-megamenu-Festive24" href="/personal-banking/campaign/festivejoy" class="link link link-arrow-right" target="_self">Find out <span class="text-nowrap">more<i class="far fa-chevron-right"></i></span></a></div> </div> </div> </div> </div> </div> </div> </div> </div> <div id="loans" class="header__row row "> <div class="col-lg-12 d-block d-lg-none"> <div class="header__sub-mobile-section">Loans</div> </div> <div class="col-lg-6"> <div class="header__sub-left"> <div class="row"> <div class="col-md-6 col-lg-6"> <div class="header__sub-menu-item "> <div class="header__sub-menu-item-text "> <div class="tag">Personal</div> <div class="name"><a cta-id="PersonalBanking-navbar-Loans-megamenu-EasiCredit" href="/personal-banking/loans/easicredit-flexible-repayment-cash-loan" class="link link link-arrow-right" target="_self"> <span class="text-nowrap">EasiCredit<i class="far fa-chevron-right"></i></span></a></div> </div> </div> </div> <div class="col-md-6 col-lg-6"> <div class="header__sub-menu-item "> <div class="header__sub-menu-item-text "> <div class="tag">Home</div> <div class="name"><a cta-id="PersonalBanking-navbar-Loans-megamenu-HomeLoanNewPurchase" href="/personal-banking/loans/new-purchase-of-hdb-private-property" class="link link link-arrow-right" target="_self">New <span class="text-nowrap">Purchase<i class="far fa-chevron-right"></i></span></a></div> </div> </div> </div> </div> <div class="row"> <div class="col-md-6 col-lg-6"> <div class="header__sub-menu-item "> <div class="header__sub-menu-item-text "> <div class="tag">Car</div> <div class="name"><a cta-id="PersonalBanking-navbar-Loans-megamenu-CarLoan" href="/personal-banking/loans/car-loans" class="link link link-arrow-right" target="_self">Car <span class="text-nowrap">Loan<i class="far fa-chevron-right"></i></span></a></div> </div> </div> </div> <div class="col-md-6 col-lg-6"> <div class="header__sub-menu-item "> <div class="header__sub-menu-item-text "> <div class="tag">Student</div> <div class="name"><a cta-id="PersonalBanking-navbar-Loans-megamenu-FRANKTuitionFeeLoan" href="https://frankbyocbc.com/products/investments/tuition-fee-loan" class="link link link-arrow-right" target="_blank">Tuition Fee <span class="text-nowrap">Loan<i class="far fa-chevron-right"></i></span></a></div> </div> </div> </div> </div> <div class="row"> <div class="col-lg-12"> <div class="header__sub-menu-readmore d-flex align-items-center"><a cta-id="PersonalBanking-navbar-Loans-megamenu-SeeAllLoans" href="/personal-banking/loans" class="button button--secondary button--link 
				 " target="_self"><span>See all loans</span></a></div> </div> </div> </div> </div> <div class="col-lg-6"> <div class="header__sub-right"> <div class="row"></div> </div> </div> </div> <div id="insurance" class="header__row row "> <div class="col-lg-12 d-block d-lg-none"> <div class="header__sub-mobile-section">Insurance</div> </div> <div class="col-lg-6"> <div class="header__sub-left"> <div class="row"> <div class="col-md-6 col-lg-6"> <div class="header__sub-menu-item "> <div class="header__sub-menu-item-text "> <div class="tag">Investment-linked</div> <div class="name"><a cta-id="PersonalBanking-navbar-Insurance-megamenu-InvestmentLinkedInsurancePlan2" href="/personal-banking/insurance/investment-linked-insurance-plan-2" class="link link link-arrow-right" target="_self">Investment-linked Insurance Plan <span class="text-nowrap">2<i class="far fa-chevron-right"></i></span></a></div> </div> </div> </div> <div class="col-md-6 col-lg-6"> <div class="header__sub-menu-item "> <div class="header__sub-menu-item-text "> <div class="tag">Accident & Health</div> <div class="name"><a cta-id="PersonalBanking-navbar-Insurance-megamenu-GREATCareShield" href="/personal-banking/insurance/great-careshield" class="link link link-arrow-right" target="_self">GREAT <span class="text-nowrap">CareShield<i class="far fa-chevron-right"></i></span></a></div> </div> </div> </div> </div> <div class="row"> <div class="col-md-6 col-lg-6"> <div class="header__sub-menu-item "> <div class="header__sub-menu-item-text "> <div class="tag">Protection</div> <div class="name"><a cta-id="PersonalBanking-navbar-Insurance-megamenu-GREATTermGuard" href="/personal-banking/insurance/great-term-guard" class="link link link-arrow-right" target="_self">GREAT Term <span class="text-nowrap">Guard<i class="far fa-chevron-right"></i></span></a></div> </div> </div> </div> <div class="col-md-6 col-lg-6"> <div class="header__sub-menu-item "> <div class="header__sub-menu-item-text "> <div class="tag">Travel, Home & Car</div> <div class="name"><a cta-id="PersonalBanking-navbar-Insurance-megamenu-Explorer" href="/personal-banking/insurance/explorer-travel-insurance" class="link link link-arrow-right" target="_self"> <span class="text-nowrap">Explorer<i class="far fa-chevron-right"></i></span></a></div> </div> </div> </div> </div> <div class="row"> <div class="col-lg-12"> <div class="header__sub-menu-readmore d-flex align-items-center"><a cta-id="PersonalBanking-navbar-Insurance-megamenu-SeeAllInsurances" href="/personal-banking/insurance" class="button button--secondary button--link 
				 " target="_self"><span>See all insurances</span></a></div> </div> </div> </div> </div> <div class="col-lg-6"> <div class="header__sub-right"> <div class="row"> <div class="col-lg-12"> <div class="header__sub-menu-featured"> <div class="row"> <div class="col-lg-2 line-wrapper"> <div class="line"></div> </div> <div class="col-lg-6"><img src="/iwov-resources/sg/ocbc/personal/img/live/navbar_kv-insurance-boost.jpg" alt=""></div> <div class="col-lg-4"> <div class="tag"><span class="co-black">Up to $1,000 cash reward when you apply for selected eligible insurance plans.</span></div> <div class="header__sub-menu-link"> <p></p> </div> <div class="header__sub-menu-readmore"><a cta-id="PersonalBanking-navbar-Insurance-megamenu-CNYPromo2023" href="/personal-banking/insurance#section-promo" class="link link link-arrow-right" target="_self">Learn <span class="text-nowrap">more<i class="far fa-chevron-right"></i></span></a></div> </div> </div> </div> </div> </div> </div> </div> </div> <div id="investments" class="header__row row "> <div class="col-lg-12 d-block d-lg-none"> <div class="header__sub-mobile-section">Investments</div> </div> <div class="col-lg-6"> <div class="header__sub-left"> <div class="row"> <div class="col-md-6 col-lg-6"> <div class="header__sub-menu-item "> <div class="header__sub-menu-item-text "> <div class="tag">Top fund ideas</div> <div class="name"><a cta-id="PersonalBanking-navbar-Investments-megamenu-UnitTrusts" href="/personal-banking/investments/unit-trusts/what-are-unit-trusts" class="link link link-arrow-right" target="_self">Unit <span class="text-nowrap">Trusts<i class="far fa-chevron-right"></i></span></a></div> </div> </div> </div> <div class="col-md-6 col-lg-6"> <div class="header__sub-menu-item "> <div class="header__sub-menu-item-text "> <div class="tag">Trade across 15 global exchanges</div> <div class="name"><a cta-id="PersonalBanking-navbar-Investments-megamenu-OnlineEquitiesAccount" href="/personal-banking/investments/online-equities-account" class="link link link-arrow-right" target="_self">Online Equities <span class="text-nowrap">Account<i class="far fa-chevron-right"></i></span></a></div> </div> </div> </div> </div> <div class="row"> <div class="col-md-6 col-lg-6"> <div class="header__sub-menu-item "> <div class="header__sub-menu-item-text "> <div class="tag">38 portfolios from just 100 USD</div> <div class="name"><a cta-id="PersonalBanking-navbar-Investments-megamenu-OCBCRoboInvest" href="/personal-banking/investments/roboinvest" class="link link link-arrow-right" target="_self">OCBC <span class="text-nowrap">RoboInvest<i class="far fa-chevron-right"></i></span></a></div> </div> </div> </div> <div class="col-md-6 col-lg-6"> <div class="header__sub-menu-item "> <div class="header__sub-menu-item-text "> <div class="tag">Diversify with gold & silver</div> <div class="name"><a cta-id="PersonalBanking-navbar-Investments-megamenu-PreciousMetalAccount" href="/personal-banking/investments/precious-metals-account" class="link link link-arrow-right" target="_self">Precious Metals <span class="text-nowrap">Account<i class="far fa-chevron-right"></i></span></a></div> </div> </div> </div> </div> <div class="row"> <div class="col-lg-12"> <div class="header__sub-menu-readmore d-flex align-items-center"><a cta-id="PersonalBanking-navbar-Investments-megamenu-SeeAllInvestments" href="/personal-banking/investments" class="button button--secondary button--link 
				 " target="_self"><span>See all investments</span></a></div> </div> </div> </div> </div> <div class="col-lg-6"> <div class="header__sub-right"> <div class="row"> <div class="col-lg-6"> <div class="header__sub-menu-articles"> <div class="row"> <div class="col-lg-4 line-wrapper"> <div class="line"></div> </div> <div class="col-lg-8"> <div class="tag">Foreign Currency Exchange</div> <div class="header__sub-menu-link"> <p>Conveniently and securely exchange AUD, CAD, CHF<strong><sup style="color: #e30613 !important;">NEW</sup></strong>, CNH, EUR, GBP, HKD, JPY, NZD and USD, 24/7 via OCBC Digital, for your overseas transfer, travel payments, online spends, investments and more.</p> </div> <div class="header__sub-menu-readmore"><a cta-id="PersonalBanking-navbar-Investments-megamenu-ForeignCurrencyExchange" href="/personal-banking/investments/forex-trading" class="link link link-arrow-right" target="_self">Learn <span class="text-nowrap">more<i class="far fa-chevron-right"></i></span></a></div> </div> </div> </div> </div> <div class="col-lg-6"> <div class="header__sub-menu-articles"> <div class="row"> <div class="col-lg-4 line-wrapper"> <div class="line"></div> </div> <div class="col-lg-8"> <div class="tag">Supplementary Retirement Scheme (SRS)</div> <div class="header__sub-menu-link"> <p>Reduce your taxable income by the same amount contributed to your SRS Account, with a maximum yearly contribution of S$15,300 for Singaporeans and Singapore PRs, and S$35,700 for foreigners.</p> </div> <div class="header__sub-menu-readmore"><a cta-id="PersonalBanking-navbar-Investments-megamenu-SupplementaryRetirementScheme" href="/personal-banking/investments/supplementary-retirement-scheme-account" class="link link link-arrow-right" target="_blank">Learn <span class="text-nowrap">more<i class="far fa-chevron-right"></i></span></a></div> </div> </div> </div> </div> </div> </div> </div> </div> <div id="advisory" class="header__row row "> <div class="col-lg-12 d-block d-lg-none"> <div class="header__sub-mobile-section">Advisory</div> </div> <div class="col-lg-6"> <div class="header__sub-left"> <div class="row"> <div class="col-md-6 col-lg-6"> <div class="header__sub-menu-item "> <div class="header__sub-menu-item-text d-flex flex-column-reverse"> <div class="tag">Soon, you'll be starting a new chapter of your life — your Silver Years.</div> <div class="name"><a cta-id="PersonalBanking-navbar-Advisory-megamenu-SilverYears" href="/personal-banking/silver-years" class="link link link-arrow-right" target="_self">Silver <span class="text-nowrap">Years<i class="far fa-chevron-right"></i></span></a></div> </div> </div> </div> <div class="col-md-6 col-lg-6"> <div class="header__sub-menu-item "> <div class="header__sub-menu-item-text d-flex flex-column-reverse"> <div class="tag">Achieve your goals with proper financial planning.</div> <div class="name"><a cta-id="PersonalBanking-navbar-Advisory-megamenu-LifeGoals" href="/personal-banking/start-planning" class="link link link-arrow-right" target="_self">Life <span class="text-nowrap">Goals<i class="far fa-chevron-right"></i></span></a></div> </div> </div> </div> </div> <div class="row"> <div class="col-md-6 col-lg-6"> <div class="header__sub-menu-item "> <div class="header__sub-menu-item-text d-flex flex-column-reverse"> <div class="tag">Get data and insights into the financial wellness of Singaporeans.</div> <div class="name"><a cta-id="PersonalBanking-navbar-Advisory-megamenu-FinancialWellnessIndex2023" href="/group/financial-wellness-index/understand-the-index.html" class="link link link-arrow-right" target="_blank">Financial Wellness Index <span class="text-nowrap">2023<i class="far fa-chevron-right"></i></span></a></div> </div> </div> </div> </div> </div> </div> <div class="col-lg-6"> <div class="header__sub-right"> <div class="row"> <div class="col-lg-12"> <div class="header__sub-menu-featured"> <div class="row"> <div class="col-lg-2 line-wrapper"> <div class="line"></div> </div> <div class="col-lg-6"><img src="/iwov-resources/sg/ocbc/personal/img/live/navbar_startplanning.jpg" alt=""></div> <div class="col-lg-4"> <div class="tag">Start planning and get ahead with OCBC</div> <div class="header__sub-menu-link"> <p>From financial planning tools, investment options and insurance, our comprehensive array of solutions have been built to get you ahead in your every goal and ambition.</p> </div> <div class="header__sub-menu-readmore"><a cta-id="PersonalBanking-navbar-Campaign-megamenu-StartPlanning" href="/personal-banking/start-planning" class="link link link-arrow-right" target="_self">Start planning <span class="text-nowrap">today<i class="far fa-chevron-right"></i></span></a></div> </div> </div> </div> </div> </div> </div> </div> </div> <div id="more" class="header__row row "> <div class="col-lg-12 d-block d-lg-none"> <div class="header__sub-mobile-section">More</div> </div> <div class="col-lg-6"> <div class="header__sub-left"> <div class="row"> <div class="col-md-6 col-lg-6"> <div class="header__sub-menu-item "> <div class="header__sub-menu-item-text d-flex flex-column-reverse"> <div class="tag">The digital platform to track, exchange and redeem rewards points across different rewards programmes is now accessible on the OCBC Pay Anyone™ app.</div> <div class="name"><a cta-id="PersonalBanking-navbar-More-megamenu-STACK" href="https://www.ocbc.com/personal-banking/campaign/stack/index.html" class="link link link-arrow-right" target="_blank"> <span class="text-nowrap">STACK<i class="far fa-chevron-right"></i></span></a></div> </div> </div> </div> <div class="col-md-6 col-lg-6"> <div class="header__sub-menu-item "> <div class="header__sub-menu-item-text d-flex flex-column-reverse"> <div class="tag">A new way to get away is here. Get one of the best rates in town for hotels, flights and car rentals. And offset booking prices instantly with OCBC reward points.</div> <div class="name"><a cta-id="PersonalBanking-navbar-More-megamenu-TravelWithOCBC" href="/personal-banking/cards/travel-with-ocbc" class="link link link-arrow-right" target="_self">Travel with <span class="text-nowrap">OCBC<i class="far fa-chevron-right"></i></span></a></div> </div> </div> </div> </div> <div class="row"> <div class="col-md-6 col-lg-6"> <div class="header__sub-menu-item "> <div class="header__sub-menu-item-text d-flex flex-column-reverse"> <div class="tag">Fancy shopping at a bank branch or even enjoying a sushi meal there? At OCBC Wisma Atria, you can do all these and more – visit us to experience it firsthand!</div> <div class="name"><a cta-id="PersonalBanking-navbar-More-megamenu-OneAdvisor" href="/personal-banking/ocbc-wisma" class="link link link-arrow-right" target="_blank">Bank, dine and shop at the new OCBC Wisma <span class="text-nowrap">Atria<i class="far fa-chevron-right"></i></span></a></div> </div> </div> </div> </div> </div> </div> <div class="col-lg-6"> <div class="header__sub-right"> <div class="row"> <div class="col-lg-12"> <div class="header__sub-menu-featured"> <div class="row"> <div class="col-lg-2 line-wrapper"> <div class="line"></div> </div> <div class="col-lg-6"><img src="/iwov-resources/sg/ocbc/personal/img/live/navbar_travelready.jpg" alt=""></div> <div class="col-lg-4"> <div class="tag">Get travel-ready with OCBC</div> <div class="header__sub-menu-link"> <p>With our suite of travel products and services, spend less effort managing your travel and more time enjoying life's journeys.</p> </div> <div class="header__sub-menu-readmore"><a cta-id="PersonalBanking-navbar-Campaign-megamenu-TravelReady" href="/personal-banking/campaign/travelready" class="link link link-arrow-right" target="_self">Find out <span class="text-nowrap">more<i class="far fa-chevron-right"></i></span></a></div> </div> </div> </div> </div> </div> </div> </div> </div> </div> </div> </div> </div> <!--googleon: index--> <div class="navigation__product-anchor container bp-width-med3 bp-sticky-content navigation__product-anchor--hidden"> <div class="he-bo-title"><span class="capt"></span><div class="arrow"><i class="far fa-chevron-down"></i></div> </div> <div class="he-bo-main"> <div class="he-bo-row"> <div class="hb-co-list"> <div class="long"> <div class="hb-co-menu"> <ul nav-scroller=""> <li class="active hidden" id="
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												9"><a href="#section-additionalinformation" title="FAQs and guides" target="_self">FAQs and guides</a></li> </ul> </div> </div> <div class="short"> <div class="action-button"><a class="button button--primary button--red2 undefined d-block" href="#apply-online" target="" data-fancybox="none"><span>Apply online</span></a></div> </div> </div> </div> </div> </div> </header> </div> </div> </div> </div> <div class="container-fluid iw_section" id="sectionjztq8wo6"> <div class="row iw_row iw_stretch" id="rowjztq8wo7"> <div class="iw_columns col-lg-12" id="coljztq8wo8"> <!-- Wrap Multi place holder component with <section id='main-wrapper'> tag --> <section id="main-wrapper"> <div class="iw_placeholder" id="iw_placeholder1566904104293"> <div class="iw_component" id="iw_comp1575616344671"> <!--ls:begin[component-1575616344671]--> <!--Breadcrumb Component--><div class="masthead-component"></div> <div id="common-breadcrumb__block-id" class="module container bp-width-med3"> <div class="com__breadcrumbs fz-13"> <ul> <li><a href="/personal-banking/">Personal Banking</a></li> <li><a href="/personal-banking/investments.page">Investments</a></li> <li>Supplementary Retirement Scheme (SRS) Account</li> </ul> </div> </div><!--ls:end[component-1575616344671]--> </div> <div class="iw_component" id="iw_comp1575616344675"> <div class=" masthead-component"></div> <div class="module d-md-flex flex-column parent__masthead parent__masthead--has-background parent__masthead--multi-columns parent__masthead--cta parent__masthead--has-background-mobile version--img theme theme--orange parent__masthead--light "> <div class="parent__masthead-background" style="background-color: #FFF2CF;background-image: url(/iwov-resources/sg/ocbc/personal/img/live/investments/srs-account/masthead-background.png);"> <div class="masthead__background-image"><img class="d-none d-md-block" src="/iwov-resources/sg/ocbc/personal/img/live/investments/srs-account/masthead-kv.png"></div> </div> <div class="container bp-width-med3 d-md-flex flex-fill flex-column"> <div class="parent__masthead-container d-md-flex flex-column justify-content-between"> <div> <div class="subcategory subcategory--no-border subcategory--black "> <h1>Supplementary Retirement Scheme (SRS) Account</h1> </div> <h2 class="light">Save on your taxes now while you save for your later years</h2> </div> <div class="d-md-none parent__masthead-background parent__masthead-background--mobile" style="background-image: url(/iwov-resources/sg/ocbc/personal/img/live/investments/srs-account/masthead-background.png);;"> <div class="masthead__background-image masthead__background-hasmobile"><img class="w-100 d-block d-md-none" src="/iwov-resources/sg/ocbc/personal/img/live/investments/srs-account/masthead-kv_mobile.png"></div> </div> <div class="card white-bg card--no-border "> <div class="row row-large"> <div class="w-100"> <div class="col-12 com__tab-content"> <div class="com__tab-nav mb3 fz-20 d-md-none"> <ul class="row"> <li class="col-6 d-flex align-items-center justify-content-center selected"><a href="#tab1">Why you will love this</a></li> <li class="col-6 d-flex align-items-center justify-content-center"><a href="#tab2">Who can apply</a></li> </ul> </div> </div> </div> <div class="com_slider row w-100" item="2" apply-for="mobile" smart-speed="350" margin="5" mouse-drag="false" touch-drag="false"> <div class="col-md-6 border-right"> <div class="mb-3 d-none d-md-block"><b class="fz-16">Why you will love this</b></div> <div class="com__tab-set mobile-only" id="#tab1"> <p class="d-flex justify-content-start"><i class="fa fa-check"></i><span>Enjoy tax savings while saving for retirement</span></p> <p class="d-flex justify-content-start"><i class="fa fa-check"></i><span>Use your savings from SRS to invest and insure</span></p> </div> </div> <div class="col-md-6"> <div class="mb-3 d-none d-md-block"><b class="fz-16">Who can apply</b></div> <div class="com__tab-set mobile-only" id="#tab2"> <p class="d-flex justify-content-start"><i class="fa fa-circle"></i><span>Anyone above 18 years old</span></p> <p class="d-flex justify-content-start"><i class="fa fa-circle"></i><span>Singaporean, Singapore PR or foreigner with a valid pass</span></p> <p class="d-flex justify-content-start"><i class="fa fa-circle"></i><span>Must not have an existing SRS Account with any bank</span></p> </div> </div> </div> </div> <div class="pt-4 "><a data-fancybox="none" cta-id="Investment-SRS-Apply-Online-Masthead" href="#apply-online" class="button button--primary button--red2 d-sm-inline-block d-block 
				 " target="_self"><span>Apply online</span></a></div> </div> </div> </div> </div> </div> <div class="iw_component" id="iw_comp1586970775815"> <!--One Block--><div class="latestupdate-component"></div><div class="module container bp-width-med3"> <div class="com_digital-payments-generic-text-wrapper"> <div class="com_digital-payments-generic-text d-p-g-type-1"> <div class="d-p-g-text"> <h4> <strong>Proxy voting submission for shareholders</strong> </h4> <p><p><span>Shareholders who wish to vote at their respective company’s meeting may submit a form to appoint the Chairman of the meeting to vote on their behalf. Submissions must be done at least 7 business days before the date of the meeting.</span></p> <a href="/personal-banking/deposits/cpf-srs-form.page">Submit <span class="text-nowrap">form<i class="far fa-chevron-right"> </i></span></a></p> </div> </div> </div> </div> </div> <div class="iw_component" id="iw_comp1575616344690"> <div class="featuresandbenefits-component"></div> <div anim-control="parent" class="module container bp-width-med3 animate"> <div class="subcategory subcategory--black">Features and benefits</div> <div class="list__four-col-with-icons list__col fz-18 list__col-sticky-available theme theme--green"> <div class="row list__col-content animate" anim-control="parent"> <div class="col-12 col-sm-6 col-md-6 col-lg-6 col-custom-5"> <div class="list__col-single co-is-set"> <div class="d-flex justify-content-start"> <div class="bp-img text-center mr-3 d-none d-sm-block"><img width="80" src="/iwov-resources/sg/ocbc/personal/img/live/investments/srs-account/icon-tax.png" alt=""></div> <div> <div class="d-flex"> <div class="bp-img text-center mr-3 d-sm-none mb2"><img width="80" src="/iwov-resources/sg/ocbc/personal/img/live/investments/srs-account/icon-tax.png" alt=""></div> <h4><strong>SRS helps you save on tax</strong></h4> </div> <p class="mb-0">You can reduce your taxable income by the same amount contributed to your SRS Account, with a maximum yearly contribution of S$15,300 for Singaporeans and Singapore PRs, and S$35,700 for foreigners.</p> </div> </div> </div> </div> <div class="col-12 col-sm-6 col-md-6 col-lg-6 col-custom-5"> <div class="list__col-single co-is-set"> <div class="d-flex justify-content-start"> <div class="bp-img text-center mr-3 d-none d-sm-block"><img width="80" src="/iwov-resources/sg/ocbc/personal/img/live/investments/srs-account/icon-build.png" alt=""></div> <div> <div class="d-flex"> <div class="bp-img text-center mr-3 d-sm-none mb2"><img width="80" src="/iwov-resources/sg/ocbc/personal/img/live/investments/srs-account/icon-build.png" alt=""></div> <h4><strong>Build your dream retirement</strong></h4> </div> <p class="mb-0">Make your SRS funds work even harder by investing them in <a href="#section-workharder" class="link" auto-scrolling="true">a wide range of financial products</a> to accumulate tax-free returns* in the SRS Account.</p> </div> </div> </div> </div> </div> </div> </div> </div> <div class="iw_component" id="iw_comp1605028670629"> <!--ls:begin[component-1605028670629]--><div class="featuresandbenefits-component"></div><div class="" id=""> <div><div class="module container bp-width-med3"> <p><small>*Only 50% of the withdrawals from SRS are taxable when you perform penalty-free withdrawal.</small></p> </div></div> </div> <!--ls:end[component-1605028670629]--> </div> <div class="iw_component" id="iw_comp1602899717735"> <div class="howsaveontax-component"></div> <div anim-control="parent" class="module container bp-width-med3 animate"> <div class="subcategory subcategory--black">How SRS helps you save on tax</div> <div class="row"> <div class=" col-custom-8 col-custom-enforced subtitle "> <p class="mb-0">The following illustration is based on an annual income of S$130,000 and a personal relief of S$30,000.</p> </div> </div> <div class="row"> <div class="table__barchart theme theme--orange col-custom-10"> <div class="row"> <div class="table__barchart-left"> <div class="table__barchart-title"> <div><strong>Total annual income</strong></div> </div> </div> <div class="table__barchart-right"> <div class="row"> <div class="col-6"> <div class="table__barchart-bar"> <div class="table__barchart-title">Without SRS</div> <div class="table__barchart-wrapper"> <div class="table__barchart-content table__barchart-content-2 table__barchart--bg-light"> <p><strong>Other personal reliefs <br/> (S$30,000)</strong></p> </div> <div class="table__barchart-content table__barchart-content-3 table__barchart--bg-dark"> <p><strong>Taxable income<br/> (S$100,000)</strong></p> </div> </div> </div> </div> <div class="col-6"> <div class="table__barchart-bar"> <div class="table__barchart-title">With SRS</div> <div class="table__barchart-wrapper"> <div class="table__barchart-content table__barchart-content-2 table__barchart--bg-light"> <p><strong>Other personal reliefs <br/> (S$30,000)</strong></p> </div> <div class="table__barchart-content table__barchart--bg-normal"> <p><strong>SRS contribution <br/> (Reduction of S$15,300)</strong></p> </div> <div class="table__barchart-content table__barchart-content-2 table__barchart--bg-dark"> <p><strong>Reduced taxable income <br/> (S$84,700)</strong></p> </div> </div> </div> </div> </div> </div> </div> </div> </div> </div> </div> <div class="iw_component" id="iw_comp1575616344706"> <!--ls:begin[component-1575616344706]--><div class="calculator-component"></div><div class="" id=""> <div><div class="module container bp-width-med3 animate" anim-control="parent"> <div class="subcategory subcategory--black">Calculate your tax savings</div> <div class="row "> <div class="col-md-12"> <div class="row"> <div class=" col-custom-8 col-custom-enforced subtitle "> <h4 class="mb-0">Use our SRS savings calculator to see how much you can save on your taxes!</h4> </div> </div> </div> </div> <div id="calculator-srs" class="custom__calculator-loan"> <div class="card card--no-shadow custom__calculator-loan-container mb1"> <div class="card__content"> <div class="d-block d-lg-flex custom__calculator-loan-container--row"> <div class="custom__calculator-loan-container--col"> <p class="bold mb-2">Understanding your savings</p> </div> <div class="custom__calculator-loan-container--col"> <div class="form-group"> <label class="w-100 mt-4"> <div class="material-form-control input-number has-unit has-value"> <input tabindex="1" name="personal-income" class="form-control" type="tel" value="130000" placeholder="Enter amount" /> <input tabindex="-1" name="amount_display" class="form-control value" type="text" value="130,000" placeholder="Enter amount" readonly /> <span class="label">What is your total annual income? (S$)</span> <span class="unit">S$</span> </div> </label> </div> </div> <div class="custom__calculator-loan-container--col"> <div class="form-group"> <label class="w-100 mt-4"> <div class="material-form-control input-number has-unit has-value"> <input tabindex="1" name="personal-relief" class="form-control" type="tel" value="30000" placeholder="Enter amount" /> <input tabindex="-1" name="amount_display" class="form-control value" type="text" value="30,000" placeholder="Enter amount" readonly /> <span class="label">How much are your personal reliefs?</span> <span class="unit">S$</span> </div> </label> </div> </div> <div class="custom__calculator-loan-container--col"> <div class="form-group"> <label class="w-100 mt-4"> <div class="material-form-control input-number has-unit has-value"> <input tabindex="3" name="personal-contribute" class="form-control" type="number" value="15300" step=".01" min="0" max="35700" placeholder="Enter rate" /> <input tabindex="-1" name="rate_display" class="form-control value" type="text" value="15,300" placeholder="Enter rate" readonly /> <span class="label">How much do you want to contribute to SRS?</span> <span class="unit">S$</span> </div> </label> </div> </div> </div> <div class="row"> <div class="col-md-12 error-contribute" style="display: none;"> <div class="message co-red"> Maximum yearly contribution is capped at S$15,300 for Singaporeans and PRs, and S$35,700 for foreigners. </div> </div> </div> </div> </div> <div class="card card--no-shadow card--active custom__calculator-loan-container"> <div class="card__content"> <div class="d-block d-lg-flex custom__calculator-loan-container--row"> <div class="custom__calculator-loan-container--col"> <p class="bold">Here is what you will save</p> </div> <div class="custom__calculator-loan-container--col mb2"> <h3 class="bold yearlysavings">S$0</h3> <p>That is <span class="text--bold yearlysavingspercent">-94%</span> of your tax saved!</p> </div> <div class="custom__calculator-loan-container--col"> <p><strong>Without SRS</strong></p> <div class="d-flex justify-content-between"> <p class="mb-0 caption mr-4">Taxable income</p> <p class="mb1 caption text--bold chargableincomewithoutsrs">S$0</p> </div> <div class="d-flex justify-content-between"> <p class="mb-0 caption mr-4">Total tax payable <a data-fancybox class="link-simple" href="#popup-taxcalculated"><span><i class="fas fa-info-circle fz-12"></i></span></a></p> <p class="mb1 caption text--bold taxwithoutsrs">S$0</p> </div> </div> <div class="custom__calculator-loan-container--col"> <p><strong>With SRS</strong></p> <div class="d-flex justify-content-between"> <p class="mb-0 caption mr-4">Taxable income</p> <p class="mb1 caption text--bold chargableincomesrs">S$0</p> </div> <div class="d-flex justify-content-between"> <p class="mb-0 caption mr-4">Total tax payable<a data-fancybox class="link-simple" href="#popup-taxcalculated"><span><i class="fas fa-info-circle fz-12"></i></span></a></p> <p class="mb1 caption text--bold taxsrs">S$0</p> </div> </div> </div> </div> </div> </div> <div class="row"> <div class="col-custom-8"> <p class="mt3"><small><strong>Important notice</strong><br /> The contents of this website (including, without limitation, the results shown by the calculator) are meant to be used as a general guide only. It does not take into account each person’s personal circumstances and should not be used as a substitution for proper tax advice.</small></p> <p><small>OCBC Bank makes no representation or warranty as to the accuracy, adequacy or completeness of the contents of this website. OCBC Bank shall not be responsible or liable for any loss or damage which may arise in connection with any person relying and/or acting on any information or computations provided herein.</small></p> </div> </div> </div></div> </div> <!--ls:end[component-1575616344706]--> </div> <div class="iw_component" id="iw_comp1575616344710"> <div class="makinganinvestment-component"></div> <div class="container bp-width-med3 module animate"> <div class="subcategory subcategory--black">Make your SRS funds work harder</div> <div class="com_investment-recommended-products"> <div class="row"> <div class="col-custom-10"><span> <p class="intro mb-0">Make the most of your SRS funds and grow your wealth through any of the following financial products.</p></span><div class="plan"><span> <h4 class="text--bold plan__title"><span id="eip" scroll-offset="100">Endowment Insurance Plans</span></h4></span><div class="plan__products"> <div class="row same-height-parent"> <div class="col-md-6"> <div class="plan__product product card card--no-border"><span> <h5 class="text--bold product__title">GREATLife Endowment Insurance 3 (Single Premium)</h5></span><span class="same-height-single"> <p>Multiply your returns and enjoy flexibility to meet your changing life goals.</p></span><div><a href="/personal-banking/insurance/greatlife-endowment-insurance-2" class="link link link-arrow-right" target="_self">Find out <span class="text-nowrap">more<i class="far fa-chevron-right"></i></span></a></div> </div> </div> </div> </div> </div> <div class="plan"><span> <h4 class="text--bold plan__title"><span id="ut" scroll-offset="100">Unit Trusts</span></h4></span><div class="plan__products"> <div class="row same-height-parent"> <div class="col-md-6"> <div class="plan__product product card card--no-border"><span> <h5 class="text--bold product__title">Schroder Asian Income Fund</h5></span><span class="same-height-single"> <p>Gain access to a diversified, multi-asset portfolio consisting of both Asian equities and Asian fixed income instruments.</p></span><div><a href="/personal-banking/investments/unit-trusts/funds-details?fundCode=SAINC" class="link link link-arrow-right" target="_self">Find out <span class="text-nowrap">more<i class="far fa-chevron-right"></i></span></a></div> </div> </div> <div class="col-md-6"> <div class="plan__product product card card--no-border"><span> <h5 class="text--bold product__title">Fullerton USD Income Fund</h5></span><span class="same-height-single"> <p>Invest in an unconstrained fixed income credit strategy and receive potential quarterly payouts.</p></span><div><a href="/personal-banking/investments/unit-trusts/funds-details?fundCode=FUIFSH" class="link link link-arrow-right" target="_self">Find out <span class="text-nowrap">more<i class="far fa-chevron-right"></i></span></a></div> </div> </div> </div> </div> </div> </div> </div> </div> </div> </div> <div class="iw_component" id="iw_comp1603806797774"> <!--ls:begin[component-1603806797774]--><div class="makinganinvestment-component"></div><div class="" id=""> <div><div class="module container bp-width-med3"> <div class="row"> <div class="col-custom-10"> <p class="caption">You may also like to check out our <a class="link" href="/personal-banking/investments/unit-trusts/find-our-selected-funds">other Unit Trust funds</a>. </p> <hr> </div> </div> </div></div> </div> <!--ls:end[component-1603806797774]--> </div> <div class="iw_component" id="iw_comp1603806797773"> <div class="makinganinvestment-component"></div> <div class="container bp-width-med3 module animate"> <div class="com_investment-recommended-products"> <div class="row"> <div class="col-custom-10"> <div class="plan"><span> <h4 class="text--bold plan__title">Other financial products</h4></span><div class="plan__products"> <div class="row same-height-parent"> <div class="col-md-6"> <div class="plan__product product card card--no-border"><span> <h5 class="text--bold product__title">Structured Deposits</h5></span><span class="same-height-single"> <p>Enjoy higher returns within a fixed lock-in period.</p></span><div><a href="/personal-banking/investments/structured-deposits" class="link link link-arrow-right" target="_self">Find out <span class="text-nowrap">more<i class="far fa-chevron-right"></i></span></a></div> </div> </div> <div class="col-md-6"> <div class="plan__product product card card--no-border"><span> <h5 class="text--bold product__title">Equities (OCBC Securities)</h5></span><span class="same-height-single"> <p>Open an OCBC securities trading account to start investing in SGX listed shares, REITs and ETFs. </p></span><div><a href="https://portal.iocbc.com/?pid=sg:en:ea:deposit:SRSAccount:SRSEvergreen:Oct18:web:ocbc:HP:::equities" class="link link link-arrow-right" target="_blank">Find out <span class="text-nowrap">more<i class="far fa-chevron-right"></i></span></a></div> </div> </div> <div class="col-md-6"> <div class="plan__product product card card--no-border"><span> <h5 class="text--bold product__title">Time Deposits</h5></span><span class="same-height-single"> <p>Secure higher returns with fixed tenures for Singapore dollars and 10 major foreign currencies.</p></span><div><a href="/personal-banking/deposits/fixed-deposit-account" class="link link link-arrow-right" target="_self">Find out <span class="text-nowrap">more<i class="far fa-chevron-right"></i></span></a></div> </div> </div> <div class="col-md-6"> <div class="plan__product product card card--no-border"><span> <h5 class="text--bold product__title">Blue Chip Investment Plan</h5></span><span class="same-height-single"> <p>Choose from 20 BCIP counters and access blue chip shares and Singapore listed exchange traded funds from as low as S$100.</p></span><div><a href="/personal-banking/investments/blue-chip-investment-plan" class="link link link-arrow-right" target="_self">Find out <span class="text-nowrap">more<i class="far fa-chevron-right"></i></span></a></div> </div> </div> <div class="col-md-6"> <div class="plan__product product card card--no-border"><span> <h5 class="text--bold product__title">Singapore Government Securities</h5></span><span class="same-height-single"> <p>Safe investments fully backed by the Singapore Government.</p></span><div><a href="/personal-banking/investments/singapore-government-securities" class="link link link-arrow-right" target="_self">Find out <span class="text-nowrap">more<i class="far fa-chevron-right"></i></span></a></div> </div> </div> </div> </div> </div> </div> </div> </div> </div> </div> <div class="iw_component" id="iw_comp1575616344733"> <div class="waystopay-component"></div> <div class="container bp-width-med3 module animate"> <div class="subcategory subcategory--black">Ways to pay</div> <div class="row "> <div class="col-md-12"> <div class="row"> <div class=" col-custom-8 col-custom-enforced subtitle "> <h4 class="mb-0">SRS contribution can be done through:</h4> </div> </div> </div> </div> <div class="row"> <div class="col-custom-10"> <div class="com__inv-tica fz-16"> <div class="owl-carousel car1 d-block d-md-flex group-height"><a class="com__inv-tica-item item" data-fancybox="waystopay-onlinebanking" href="#waystopay-onlinebanking" target="_self"> <div> <div class="bp-img"><img width="100" src="/iwov-resources/sg/ocbc/personal/img/live/investments/srs-account/icon-onlinebanking.png" alt=""></div> <div class="com__in-ti-capt mt2 gh3"> <p><strong>Internet Banking <i class="fa fa-info-circle"></i></strong></p> </div> </div></a><a class="com__inv-tica-item item" data-fancybox="waystopay-mobilebanking" href="#waystopay-mobilebanking" target="_self"> <div> <div class="bp-img"><img width="100" src="/iwov-resources/sg/ocbc/personal/img/live/investments/srs-account/icon-mobilebanking.png" alt=""></div> <div class="com__in-ti-capt mt2 gh3"> <p><strong>OCBC app <i class="fa fa-info-circle"></i></strong></p> </div> </div></a><a class="com__inv-tica-item item" data-fancybox="waystopay-cash" href="#waystopay-cash" target="_self"> <div> <div class="bp-img"><img width="100" src="/iwov-resources/sg/ocbc/personal/img/live/investments/srs-account/icon-cash.png" alt=""></div> <div class="com__in-ti-capt mt2 gh3"> <p><strong>Cash <i class="fa fa-info-circle"></i></strong></p> </div> </div></a><a class="com__inv-tica-item item" data-fancybox="waystopay-cheque" href="#waystopay-cheque" target="_self"> <div> <div class="bp-img"><img width="100" src="/iwov-resources/sg/ocbc/personal/img/live/investments/srs-account/icon-cheque.png" alt=""></div> <div class="com__in-ti-capt mt2 gh3"> <p><strong>Cheque <i class="fa fa-info-circle"></i></strong></p> </div> </div></a></div> </div> </div> </div> </div> </div> <div class="iw_component" id="iw_comp1575616344744"> <!--ls:begin[component-1575616344744]--><div class="waystopay-component"></div><div class="" id=""> <div><div class="module container bp-width-med3"><div class="row"><div class="col-custom-8"> <p class="caption">SRS contribution cannot be done via other banks’ internet and mobile banking.<br /> Contributions must be made by 31 December of each year in order to be eligible for tax deduction in the same year.<br /> Standing instruction is currently not available.<br><br> SRS contribution requests submitted between 9am and 9pm from Monday to Saturday (excluding public holidays) will be processed immediately. Requests submitted after 9pm or on a non-business day will be processed on the next business day.<br><br> If a request is successful, the transaction will be shown in your CPFIA/SRS Transaction History one business day after we process it. If a request is submitted on a Sunday, we will process it on Monday and the transaction will be shown in your CPFIA/SRS Transaction History by Tuesday. An email will be sent to you should the request be unsuccessful. </div></div></div></div> </div> <!--ls:end[component-1575616344744]--> </div> <div class="iw_component" id="iw_comp1575616344748"> <!--ls:begin[component-1575616344748]--><div class="beforeyouapply-component"></div> <div anim-control="parent" class="module container bp-width-med3 animate"> <div class="subcategory subcategory--black">before you apply</div> <div class="table__three-col table__three-col-with-accordion"> <div class="row"> <div class="col-md-3 table__three-col--title"> <h4 class="bold mobile">Eligibility requirements</h4> </div> <div class="col-md-9 table__three-col--content"> <div class="row mb-3"> <div class="col-lg-4 col-md-5"> <p class="mb-0">Minimum age</p> </div> <div class="col-lg-5 col-md-7"> <p class="mb-0">18 years old</p> </div> </div> <div class="row mb-3"> <div class="col-lg-4 col-md-5"> <p class="mb-0">Documents required</p> </div> <div class="col-lg-5 col-md-7"> <p class="mb-0">NRIC for Singaporeans and Singapore PRs</p> </div> </div> <div class="row mb-3"> <div class="col-lg-4 col-md-5"> <p class="mb-0"></p> </div> <div class="col-lg-5 col-md-7"> <p class="mb-0">Passport and a valid pass (e.g. Employment Pass (EP) or S-Pass or Student Pass) for foreigners</p> </div> </div> <div class="row mb-0"> <div class="col-lg-4 col-md-5"> <p class="mb-0">Additional document</p> </div> <div class="col-lg-5 col-md-7"> <p class="mb-0">Include any one of the following documents that shows your residential address <div> <ul class="list-bullet"> <li>Phone bill</li> <li>Half-yearly CPF statement</li> <li>Any bank statement</li> </ul> </div></p> </div> </div> </div> </div> <div class="row"> <div class="col-md-12"> <hr class="table__three-col--hr"> </div> </div> <div class="row"> <div class="col-md-3 table__three-col--title"> <h4 class="bold mobile">Fees</h4> </div> <div class="col-md-9 table__three-col--content"> <div class="row mb-0"> <div class="col-lg-4 col-md-5"> <p class="mb-0">Transaction fee for each application or redemption of Singapore Savings Bonds</p> </div> <div class="col-lg-5 col-md-7"> <p class="mb-0">S$2</p> </div> </div> </div> </div> <div class="row"> <div class="col-md-12"> <hr class="table__three-col--hr"> </div> </div> <div class="accordion"> <div class="accordion__item"> <div class="accordion__item__title d-flex justify-content-between align-items-center"> <h4><strong>Terms and conditions</strong></h4><i class="fz-20 fa fa-chevron-down accordion__item__collapse-icon"></i></div> <div class="accordion__item__content table__three-col--tnc" style=""> <div class="row"> <div class="col-md-6"> <p><a href="/iwov-resources/sg/ocbc/personal/pdf/investments/srs-tnc.pdf" class="link link link-arrow-right" target="_blank">Terms and conditions governing Supplementary Retirement Scheme (SRS) <span class="text-nowrap">Account<i class="far fa-chevron-right"></i></span></a></p> </div> </div> </div> </div> </div> <div class="row"> <div class="col-md-12"> <hr class="table__three-col--hr"> </div> </div> <div class="accordion"> <div class="accordion__item"> <div class="accordion__item__title d-flex justify-content-between align-items-center"> <h4><strong>Important notices</strong></h4><i class="fz-20 fa fa-chevron-down accordion__item__collapse-icon"></i></div> <div class="accordion__item__content table__three-col--tnc" style=""> <div class="row"> <div class="col-md-6"> <p><a data-fancybox="important-notes-for-ocbc-srs-account" href="#important-notes-for-ocbc-srs-account" class="link link link-arrow-right" target="_self">Important notes for OCBC SRS <span class="text-nowrap">Account<i class="far fa-chevron-right"></i></span></a></p> </div> <div class="col-md-5"> <p><a data-fancybox="general-investment-disclaimer" href="#general-investment-disclaimer" class="link link link-arrow-right" target="_self">General Investment <span class="text-nowrap">disclaimer<i class="far fa-chevron-right"></i></span></a></p> </div> <div class="col-md-6"> <p><a data-fancybox="unit-trusts-disclaimer" href="#unit-trusts-disclaimer" class="link link link-arrow-right" target="_self">Unit Trusts <span class="text-nowrap">disclaimer<i class="far fa-chevron-right"></i></span></a></p> </div> <div class="col-md-5"> <p><a data-fancybox="important-notes-for-insurance" href="#important-notes-for-insurance" class="link link link-arrow-right" target="_self">Important notes for <span class="text-nowrap">Insurance<i class="far fa-chevron-right"></i></span></a></p> </div> <div class="col-md-6"> <p><a data-fancybox="structured-deposits-disclaimer" href="#structured-deposits-disclaimer" class="link link link-arrow-right" target="_self">Structured Deposits <span class="text-nowrap">disclaimer<i class="far fa-chevron-right"></i></span></a></p> </div> <div class="col-md-5"> <p><a href="/iwov-resources/sg/ocbc/personal/pdf/investments/sdic-register-of-insured-deposits.pdf" class="link link link-arrow-right" target="_blank">Insured Deposits <span class="text-nowrap">Register<i class="far fa-chevron-right"></i></span></a></p> </div> <div class="col-md-6"> <p><a href="/iwov-resources/sg/ocbc/personal/pdf/notices/deposit-insurance-scheme.pdf" class="link link link-arrow-right" target="_blank">Deposit Insurance <span class="text-nowrap">Scheme<i class="far fa-chevron-right"></i></span></a></p> </div> </div> </div> </div> </div> <div class="row"> <div class="col-md-12"> <hr class="table__three-col--hr"> </div> </div> <div class="accordion"> <div class="accordion__item"> <div class="accordion__item__title d-flex justify-content-between align-items-center"> <h4><strong>Policy Owners’ Protection Scheme</strong></h4><i class="fz-20 fa fa-chevron-down accordion__item__collapse-icon"></i></div> <div class="accordion__item__content table__three-col--tnc" style=""><p>This policy is protected under the Policy Owners’ Protection Scheme which is administered by the Singapore Deposit Insurance Corporation (SDIC). Coverage for your policy is automatic and no further action is required from you. For more information on the types of benefits that are covered under the scheme as well as the limits of coverage, where applicable, please contact us or visit the Life Insurance Association (LIA) or SDIC websites (<a href="http://www.lia.org.sg" target="_blank" rel="noopener">www.lia.org.sg</a> or <a href="http://www.sdic.org.sg" target="_blank" rel="noopener">www.sdic.org.sg</a>).</p></div> </div> </div> <div class="row"> <div class="col-md-12"> <hr class="table__three-col--hr"> </div> </div> <p class="small"><p class="small">All figures provided are for illustration purposes only. Actual figures may differ or vary according to actual circumstances.<br/>This advertisement has not been reviewed by the Monetary Authority of Singapore. <br /> Information presented as at 15 November 2021.</p></p> </div> </div><!--ls:end[component-1575616344748]--> </div> <div class="iw_component" id="iw_comp1575616344749"> <div class="waystoapply-component"></div> <div anim-control="parent" class="module container bp-width-med3 animate"> <div class="cta__basic"> <div style="" class="theme theme--orange"> <div class="theme__container theme__background"> <div class="cta__basic-details"> <div class="subcategory subcategory--black subcategory--no-margin">ways to apply</div> <div class="cta__basic-info"> <h3 class="bold co-default">Start investing in Supplementary Retirement Scheme (SRS) Account today</h3> <div class="cta__basic-links"> <div class="item item-apply default-device-content"><a href="#apply-online" data-fancybox="none" cta-id="Articles-6MythsAboutSRS-ApplyOnline-CTA" class="button button--primary button--red2
												" target="_self"><span>Apply online</span></a></div> <div class="item"> <div class="item item-paragraph"> <p class="no-margin co-default">or visit us at a branch with <a href="#document-apply-online" data-fancybox="document-apply-online-1">these documents</a>.</p> </div> <div class="item locate-branch default-device-content"><a cta-id="Articles-6MythsAboutSRS-LocateaBranch-CTA" href="/personal-banking/contact-us" class="button button--secondary button--link 
				 " target="_self"><span>Locate a branch</span></a></div> </div> </div> </div> </div> </div> </div> </div> </div> </div> <div class="iw_component" id="iw_comp1575616347672"> <div class="waystoapply-component"></div> <div anim-control="parent" class="module container bp-width-med3 animate d-none"> <div class="cta__basic"> <div style="" class="theme theme--orange"> <div class="theme__container theme__background"> <div class="cta__basic-details"> <div class="subcategory subcategory--black subcategory--no-margin">ways to apply</div> <div class="cta__basic-info"> <h3 class="bold co-default">Start investing in Supplementary Retirement Scheme (SRS) Account today</h3> <div class="cta__basic-links"> <div class="item item-apply "><a href="https://internet.ocbc.com/internet-banking/InvestmentAccountOpeningNew/MobileEntry/SRS?redir=1" class="button button--primary button--red2
												" target="_blank"><span>Log in</span></a></div> <div class="item"> <div class="item item-paragraph"> <p class="no-margin co-default">or visit us at a branch with <a href="#document-apply-online" data-fancybox="document-apply-online-1">these documents</a>.</p> </div> <div class="item locate-branch "><a href="/personal-banking/contact-us" class="button button--secondary button--link 
				 " target="_self"><span>Locate a branch</span></a></div> </div> </div> </div> </div> </div> </div> </div> </div> </div> <div class="iw_component" id="iw_comp1575616344756"> <!--ls:begin[component-1575616344756]--><div class="additionalinformation-component"></div> <div anim-control="parent" class="module container bp-width-med3 animate"> <div class="subcategory subcategory--black">FAQs and guides about SRS</div> <div class="row "></div> <div class="accordion__grey accordion__grey-with-articles"> <div class="accordion__grey-content com__tab"> <div class="accordion__grey-nav-mobile col-12 com__tab-content"> <div class="com__tab-nav"> <ul class="row align-items-center com__tab-ul"> <li class="col-sm-6 col-6 align-items-center justify-content-center"><a href="#common-questions"><span>Common questions</span></a></li> <li class="col-sm-6 col-6 align-items-center justify-content-center"><a href="#articles"><span>Articles</span></a></li> </ul> </div> </div> <div class="row"> <div id="common-questions" class="common-questions m-item col-md-6 com__tab-set"> <div class="item-list-title clearfix"> <p class="float-left mb-0"><strong><span>Common questions</span></strong></p><span style="float:right"><a href="/personal-banking/help-and-support/investments/srs" class="see-all float-right link link link-arrow-right" target="_self">More questions and <span class="text-nowrap">answers<i class="far fa-chevron-right"></i></span></a></span></div> <div class="item-list accordion" init-mode="none" close-others="false"> <div class="item accordion__item"> <div class="label accordion__item__title">How can I contribute to my OCBC SRS Account?<i class="far fa-angle-down accordion__item__collapse-icon"></i></div> <div class="content-wrapper accordion__item__content"> <div class="content"><p>Contributions can be done through:</p> <p><strong>Internet Banking</strong></p> <ol class="list-decimal"> <li>Login to Online Banking with your access code and PIN</li> <li>Under “Investment & insurance”, select “Retirement portfolio”</li> <li>Select “Make a SRS Contribution”</li> </ol> <p class="pt4"><strong>OCBC app</strong></p> <ol class="list-decimal"> <li>Login to OCBC app with your access code and PIN</li> <li>Go to “More”, select "Payments & transfers"</li> <li>Select “Make a SRS Contribution”</li> </ol> <p class="pt4"><strong>Cash</strong></p> <p>Cash can only be deposited over the counter at branches.</p> <p class="pt2"><strong>Cheque</strong></p> <p>Write a cheque payable to yourself and drop it into a Quick Cheque Deposit box at any OCBC branch. Indicate on the back of the cheque:</p> <ul class="list-bullet"> <li>Your name</li> <li>NRIC or FIN number</li> <li>SRS account number</li> <li>Contact number</li> </ul> <p class="pt2">For cheques received before 3.30pm on a working day, the funds will only be credited to SRS account around 4.00pm on the following working day, if the cheque is good for payment.</p> <p>SRS contribution cannot be done via other banks’ internet and mobile banking.</p> <p>Contributions must be made by 31 December of each year in order to be eligible for tax deduction in the same year.</p> <p>Standing instruction is currently not available.</p></div> </div> </div> <div class="item accordion__item"> <div class="label accordion__item__title">When can I withdraw my SRS funds?<i class="far fa-angle-down accordion__item__collapse-icon"></i></div> <div class="content-wrapper accordion__item__content"> <div class="content"><p>You can withdraw your SRS funds anytime.</p> <p>If you withdraw from your account at or after the age of 62 (statutory retirement age), only 50% of the withdrawn amount is subject to tax.</p> <p>However, if you make a withdrawal before the statutory retirement age prevailing at the time of your first contribution, funds withdrawn will be subjected to tax and a 5% penalty.</p> <p>The penalty applies to all withdrawals except those made under exceptional circumstances:</p> <ol class="list-alpha-lower"> <li>death;</li> <li>medical grounds;</li> <li>bankruptcy; or</li> <li>the full withdrawal of the SRS balance by a foreigner provided that the following conditions are met: <ol class="list-roman-lower"> <li>you are neither a Singapore Citizen nor a Singaporean PR on the date of withdrawal and for a continuous period of 10 years preceding the date of withdrawal;</li> <li>you have maintained your SRS account for a period of not less than 10 years from the date of your first contribution to your SRS account; and</li> <li>you make a one-time full withdrawal from your SRS account.</li> </ol> </li> </ol></div> </div> </div> <div class="item accordion__item"> <div class="label accordion__item__title">Does my SRS contribution count towards my personal relief?<i class="far fa-angle-down accordion__item__collapse-icon"></i></div> <div class="content-wrapper accordion__item__content"> <div class="content"><p>Contributions to SRS are considered part of your personal reliefs. Total personal reliefs, including SRS contributions, are capped at S$80,000.</p></div> </div> </div> <div class="item accordion__item"> <div class="label accordion__item__title">Can I invest with my SRS Contributions?<i class="far fa-angle-down accordion__item__collapse-icon"></i></div> <div class="content-wrapper accordion__item__content"> <div class="content"><p>A wide range of financial instruments are available for your investments. These include stocks, unit trusts, time deposits, annuities, fund management accounts and life insurance policies (single premium and recurrent single premium products only).<br /><br />However, direct property investments, life insurance policies greater than 3 times the single premium, critical illness, health and long-term care products are not allowed.</p></div> </div> </div> </div><a href="/personal-banking/help-and-support/investments/srs" class="see-all-mobile see-all link link link-arrow-right" target="_self">More questions and <span class="text-nowrap">answers<i class="far fa-chevron-right"></i></span></a></div> <div id="articles" class="articles col-md-6 m-item com__tab-set"> <div class="item-list-title clearfix"> <p class="float-left mb-0"><strong><span>Articles</span></strong></p> </div> <div class="item-list"> <div class="item"><a href="/personal-banking/articles/6-myths-about-srs-everyone-should-know-about"> <div class="label"><img src="/iwov-resources/sg/ocbc/personal/img/live/investments/srs-account/icon-articles.png" width="60" height="60" alt="icon"><span>6 myths about SRS everyone should know about<i class="fas fa-angle-right"></i></span></div></a></div> <div class="item"><a href="/personal-banking/articles/investing-with-srs"> <div class="label"><img src="/iwov-resources/sg/ocbc/personal/img/live/investments/srs-account/icon-articles.png" width="60" height="60" alt="icon"><span>6 ways you can maximise your SRS funds to meet your retirement goals <i class="fas fa-angle-right"></i></span></div></a></div> </div> </div> </div> </div><br><br><br></div> </div><!--ls:end[component-1575616344756]--> </div> <div class="iw_component" id="iw_comp1575616344763"> <div class="d-none-soft"> <div id="important-notes-for-ocbc-srs-account" class="popup-content po-co-med"> <div class="in-co-par fz-16"> <h4 class="bp-title fw-700 bp-img align-middle mb3"><span>Important notes for OCBC SRS Account</span></h4><p>Personal income tax relief cap of S$80,000 will apply from Year of Assessment 2018 to SRS contributions made on or after 1 January 2017. This cap applies to the total amount of all tax reliefs claimed, including any relief on SRS contributions. All figures provided are for illustration purposes only. Actual figures may differ or vary according to actual circumstances.</p> <p>Information presented as at 14 February 2020.</p> </div> </div> </div> <div class="d-none-soft"> <div id="general-investment-disclaimer" class="popup-content po-co-med"> <div class="in-co-par fz-16"> <h4 class="bp-title fw-700 bp-img align-middle mb3"><span>General Investment disclaimer</span></h4><ol class="list-decimal"> <li>The opinions or views expressed in this document are expressed by the third parties identified, and do not represent our view.</li> <li>This information is intended for general circulation only. It does not consider the specific investment objectives, financial situation or needs of anyone.</li> <li>Before you make an investment, you should speak to your OCBC Relationship Manager who will assess whether the products are suitable to you based on your investment objectives, financial situation or needs.</li> <li>If you choose not to do so, you should consider if the investment product is suitable for you.</li> <li>We are not making an offer, solicit to buy or sell or subscribe for any security or financial instrument, enter into any transaction or participate in any trading or investment strategy with you through this document.</li> <li>We do not guarantee the accuracy of this information at any time. All of the information here may change any time without notice.</li> <li>We are not responsible for any loss or damage arising from this information.</li> <li>Investment are subject to investment risks, including the possible loss of the principal amount invested. Past performance figures, predictions or projections are not necessarily indicative of future or likely performance. Actual performance may differ from the projections in this document.</li> <li>Any reference to a company, financial product or asset class is used for illustrative purposes and does not represent our recommendation in any way.</li> <li>The information in this document must not be reproduced or shared without our written agreement.</li> <li>The Bank, its related companies, their respective directors and/or employees (collectively "Related Persons") may or might have in the future interests in the investment products or the issuers mentioned herein. Such interests include effecting transactions in such investment products, and providing broking, investment banking and other financial services to such issuers. The Bank and its Related Persons may also be related to, and receive fees from, providers of such investment products.</li> <li>This advertisement has not been reviewed by the Monetary Authority of Singapore.</li> </ol> </div> </div> </div> <div class="d-none-soft"> <div id="unit-trusts-disclaimer" class="popup-content po-co-med"> <div class="in-co-par fz-16"> <h4 class="bp-title fw-700 bp-img align-middle mb3"><span>Unit Trusts disclaimer</span></h4><p>Any opinions or views of third parties expressed in this material are those of the third parties identified, and not those of OCBC Bank. The information provided herein is intended for general circulation and/or discussion purposes only. It does not take into account the specific investment objectives, financial situation or particular needs of any particular person. Before you make any investment decision, please seek advice from your OCBC Relationship Manager regarding the suitability of any investment product taking into account your specific investment objectives, financial situation or particular needs. In the event that you choose not to seek advice from your OCBC Relationship Manager, you should carefully consider whether the product is suitable for you. This does not constitute an offer or solicitation to buy or sell or subscribe for any security or financial instrument or to enter into any transaction or to participate in any particular trading or investment strategy.</p> <p>A copy of the prospectus of each fund is available and may be obtained from the relevant fund manager or any of its approved distributors. Potential investors should read the prospectus for details on the relevant fund before deciding whether to subscribe for, or purchase units in the fund. The value of the units in the funds and the income accruing to the units, if any, may fall or rise. Please refer to the prospectus of the relevant fund for the name of the fund manager and the investment objectives of the fund.</p> <p>OCBC Bank, its related companies, their respective directors and/or employees (collectively 'Related Persons') may or might have in the future interests in the investment products or the issuers mentioned herein. Such interests include effecting transactions in such investment products, and providing broking, investment banking and other financial services to such issuers. OCBC Bank and its Related Persons may also be related to, and receive fees from, providers of such investment products.</p> <p>No representation or warranty whatsoever (including without limitation any representation or warranty as to accuracy, usefulness, adequacy, timeliness or completeness) in respect of any information (including without limitation any statement, figures, opinion, view or estimate) provided herein is given by OCBC Bank and it should not be relied upon as such. OCBC Bank does not undertake an obligation to update the information or to correct any inaccuracy that may become apparent at a later time. All information presented is subject to change without notice. OCBC Bank shall not be responsible or liable for any loss or damage whatsoever arising directly or indirectly howsoever in connection with or as a result of any person acting on any information provided herein. The information provided herein may contain projections or other forward-looking statements regarding future events or future performance of countries, assets, markets or companies. Actual events or results may differ materially. Past performance figures are not necessarily indicative of future or likely performance. Any reference to any specific company, financial product or asset class in whatever way is used for illustrative purposes only and does not constitute a recommendation on the same.</p> <p>The contents hereof may not be reproduced or disseminated in whole or in part without OCBC Bank’s written consent.</p> </div> </div> </div> <div class="d-none-soft"> <div id="important-notes-for-insurance" class="popup-content po-co-med"> <div class="in-co-par fz-16"> <h4 class="bp-title fw-700 bp-img align-middle mb3"><span>Important notes for Insurance</span></h4><p>Insurance plans are provided by The Great Eastern Life Assurance Company Limited, a wholly owned subsidiary of Great Eastern Holdings Limited and a member of the OCBC Group. These plans are not bank deposits and OCBC Bank does not guarantee or have any obligations in connection with it.</p> <p>This document does not take into account your particular investment and protection aims, financial situation or needs. You may want to seek advice from a financial adviser before committing to buy the product. If you choose not to seek advice from a financial adviser, you should consider whether the product is suitable for you.</p> <p>As buying a life insurance policy is a long-term commitment, an early termination of the policy usually involves high costs and the surrender value, if any, that is payable to you may be zero or less than the total premiums paid.</p> <p>This document is for general information only. It is not a contract of insurance or an offer to buy an insurance product or service. It is also not meant to provide any insurance or financial advice. The specific terms and conditions of the plan are set out in the policy documents. If you are interested in the insurance policy, you should read the product summary and policy illustration (available from us) before deciding whether to buy this product.</p> <p>We do not guarantee, represent or warrant that any of the information provided in this document is accurate and you should not rely on it as such. We do not undertake to update the information or to correct any inaccuracies. All information may change without notice. We will not be liable for any loss or damage arising directly or indirectly in connection with or as a result of you acting on the information in this document.</p> <p>This advertisement has not been reviewed by the Monetary Authority of Singapore.</p> </div> </div> </div> <div class="d-none-soft"> <div id="waystopay-mobilebanking" class="popup-content po-co-med"> <div class="in-co-par fz-16"> <h4 class="bp-title fw-700 bp-img align-middle mb3"><span>OCBC app</span></h4><ol class="list-decimal"> <li>Login to OCBC app with your access code and PIN</li> <li>Go to “More”, select "Payments & transfers"</li> <li>Select “Make a SRS Contribution”</li> </ol> </div> </div> </div> <div class="d-none-soft"> <div id="waystopay-cash" class="popup-content po-co-med"> <div class="in-co-par fz-16"> <h4 class="bp-title fw-700 bp-img align-middle mb3"><span>Cash</span></h4><p>Cash can only be deposited over the counter at branches.</p> </div> </div> </div> <div class="d-none-soft"> <div id="waystopay-cheque" class="popup-content po-co-med"> <div class="in-co-par fz-16"> <h4 class="bp-title fw-700 bp-img align-middle mb3"><span>Cheque</span></h4><p>Write a cheque payable to yourself and drop it into a Quick Cheque Deposit box at any OCBC branch. Indicate on the back of the cheque:</p> <ul class="list-bullet"> <li>Your name</li> <li>NRIC or FIN number</li> <li>SRS account number</li> <li>Contact number</li> </ul> <p>For cheques received before 3.30pm on a working day, the funds will only be credited to SRS account around 4.00pm on the following working day, if the cheque is good for payment.</p> </div> </div> </div> <div class="d-none-soft"> <div id="waystopay-onlinebanking" class="popup-content po-co-med"> <div class="in-co-par fz-16"> <h4 class="bp-title fw-700 bp-img align-middle mb3"><span>Internet Banking</span></h4><ol class="list-decimal"> <li>Log in to Internet Banking with your access code and PIN</li> <li>Under “Investment & insurance”, select “Retirement portfolio”</li> <li>Select “Make a SRS Contribution”</li> </ol> </div> </div> </div> </div> <div class="iw_component" id="iw_comp1575616344765"> <div class="d-none-soft"> <div id="structured-deposits-disclaimer" class="popup-content po-co-med"> <div class="in-co-par fz-16"> <h4 class="bp-title fw-700 bp-img align-middle mb3"><span>Structured Deposits disclaimer</span></h4><p>The information provided herein is intended for general circulation and/or discussion purposes only. It does not consider the specific investment objectives, financial situation or particular needs of any particular person.</p> <p>Please seek advice from a financial adviser regarding the suitability of any investment product taking into account your specific investment objectives, financial situation or particular needs before you make a commitment to purchase the investment product. In the event that you choose not to seek advice from a financial adviser, you should consider whether the product in question is suitable for you.</p> <p>This does not constitute an offer or solicitation to buy or sell or subscribe for any security or financial instrument or to enter into a transaction or to participate in any particular trading or investment strategy.</p> <p>No representation or warranty whatsoever (including without limitation any representation or warranty as to accuracy, usefulness, adequacy, timeliness or completeness) in respect of any information (including without limitation any statement, figures, opinion, view or estimate) provided herein is given by OCBC Bank and it should not be relied upon as such. OCBC Bank does not undertake an obligation to update the information or to correct any inaccuracy that may become apparent at a later time. All information presented is subject to change without notice. OCBC Bank shall not be responsible or liable for any loss or damage whatsoever arising directly or indirectly howsoever in connection with or as a result of any person acting on any information provided herein.</p> <p>Investments are subject to investment risks, including the possible loss of the principal amount invested. The information provided herein may contain projections or other forward-looking statement regarding future events or future performance of countries, assets, markets or companies. Actual events or results may differ materially. Past performance figures are not necessarily indicative of future or likely performance.</p> <p>Any reference to any specific company, financial product or asset class in whatever way is used for illustrative purposes only and does not constitute a recommendation on the same.</p> <p>OCBC Bank, its related companies, and their respective directors and/or employees (collectively “Related Persons”) may, or might have in the future, interests in the investment products or the issuers mentioned herein. Such interests include effecting transactions in such investment products, and providing broking, investment banking and other financial services to such issuers. OCBC Bank and its Related Persons may also be related to, and receive fees from, providers of such investment products.</p> <p>You must read the Offer Document/Indicative Term Sheet/Product Highlight Sheet before deciding whether or not to purchase the investment product, copies of which may be obtained from your relationship manager.</p> <p>Unlike traditional deposits, Structured Deposits have an investment element and returns may vary. The initial investment amount of a Structured Deposit will be returned to you only if you hold it until maturity date. Early withdrawal of Structured Deposits may result in you receiving significantly less than your initial investment amount. You further understand that you will bear any costs and charges associated with such early withdrawal of the Structured Deposits. OCBC Bank may have the right to terminate the Structured Deposits and return an amount in cash to you from the due settlement of the Structured Deposits before the maturity date. You may be exposed to inherent exchange rate risks and exchange controls when you place a Structured Deposit.</p> <p>Structured Deposits are not insured deposits for the purposes of the Deposit Insurance and Policy Owners' Protection Schemes Act 2011 of Singapore.</p> </div> </div> </div> </div> <div class="iw_component" id="iw_comp1602899721792"> <div class="d-none-soft"> <div id="popup-taxcalculated"><div class="popup-content po-co-med"> <p>Visit <a href="https://iras.gov.sg/irashome/Quick-Links/Calculators/" target="_blank" rel="noopener">IRAS</a> to find out how your total tax payable is calculated.</p> </div></div> </div> <div class="d-none-soft"> <div id="popup-12mthtotalint"><div class="popup-content po-co-med"> <table class="table table-responsive-sm" border="0"> <tbody> <tr> <td style="border-bottom: none;">Estimated interest payable from Feb to May</td> <td style="border-bottom: none;">S$637.30</td> </tr> <tr> <td>Estimated interest payable post extension</td> <td>S$6231.33</td> </tr> <tr> <td><strong>Estimated Interest payable</strong></td> <td><strong>S$6,868.63</strong></td> </tr> </tbody> </table> <p>Interest payable post extension is calculated on a longer tenure, resulting in higher interest payable on the same loan amount</p> </div></div> </div> </div> <div class="iw_component" id="iw_comp1575616347364"> <div class="d-none-soft"> <div id="document-apply-online"><div class="cta__basic-supporting-documents container-fluid"> <div class="item-list row"> <div class="wta-sd-label col-md-6 clearfix"> <div class="numbering">1</div> <h5><strong>For Singaporeans and Permanent Residents:</strong></h5> </div> <div class="col-md-6"> <p>NRIC</p> </div> <div class="wta-sd-label col-md-6 clearfix"> <h5><strong>For foreigners:</strong></h5> </div> <div class="col-md-6"> <p>Passport <br />Employment Pass (EP); or S-Pass</p> </div> </div> <div class="item-list row"> <div class="wta-sd-label col-md-6 clearfix"> <div class="numbering">2</div> <h5><strong>Include any one of the following documents:</strong></h5> </div> <div class="col-md-6"> <p>Phone bill <br />Half-yearly CPF statement <br />Any bank statement</p> </div> </div> </div></div> </div> </div> <div class="iw_component" id="iw_comp1575616347371"> <div class="d-none-soft"> <div id="apply-online"><div class="cta__basic-option popup-content deep-link-popup mw-100"> <div id="ways-to-apply-tabs" class="ways-to-apply-tabs container-fluid"> <div class="mobile-item-title com__tab-nav"> <ul class="row align-items-center"> <li class="col-sm-6 col-6 align-items-center justify-content-center text-center"><a href="#m-item-1"><strong>For new customers</strong></a></li> <li class="col-sm-6 col-6 align-items-center justify-content-center text-center"><a href="#m-item-2" class="deep-link-click"><strong>For OCBC customers</strong></a></li> </ul> </div> <div id="m-item-1" class="row m-item m-item-1 com__tab-set"> <div class="col-md-auto col-sm-12 item-title"> <h3><strong>For new customers</strong></h3> </div> <div class="col-md-auto col-sm-12 item-copy"> <p>Open your account instantly with Myinfo via Singpass login.</p> <p>If you do not have a Singpass, you can apply online with <a class="cta__basic-toggle" href="#document-toggle">these documents<span><i class="far fa-angle-down"> </i></span></a></p> <div id="document-toggle" class="cta__basic-toggle-content"> <ol> <li> <p><strong>For Singaporeans and Permanent Residents:</strong></p> <ul> <li>NRIC</li> </ul> <p><strong>For Foreigners:</strong></p> <ul> <li>Passport</li> <li>Employment Pass (EP); or S-Pass</li> </ul> </li> <li> <p><strong>Additional documents <br />Include any one of the following documents:</strong></p> <ul> <li>Phone bill</li> <li>Half-yearly CPF statement</li> <li>Any bank statement</li> </ul> </li> </ol> <p><a class="link link link-arrow-right" rel="noopener" href="https://openaccount.ocbc.com/SR/toformmanual.do" target="_blank">Fill application <span class="text-nowrap">form<i class="far fa-chevron-right"> </i></span></a></p> </div> </div> <div class="col-md-auto col-sm-12 text-right"><a class="button button--primary button--red2 " rel="noopener" href="https://openaccount.ocbc.com/SR/redirect.do" target="_blank"><span>Apply with Myinfo</span></a></div> </div> <div class="text-divider"><span class="td-text fw-700">or</span></div> <div id="m-item-2" class="m-item m-item-2 com__tab-set"> <div class="desktop-content row align-items-start"> <div class="col-md-auto col-sm-12 item-title"> <p><strong>For OCBC customers</strong></p> </div> <div class="col-md-auto col-sm-12 item-copy"> <p>If you have a current or savings account with us, you can open your account instantly via Internet Banking with only a few clicks.</p> </div> <div class="col-md-auto col-sm-12 text-right d-none d-md-block"><a class="link link link-arrow-right" rel="noopener" href="https://internet.ocbc.com/internet-banking/InvestmentAccountOpeningNew/index/SRS?redir=1" target="_blank"><span class="text-nowrap">Log in to Internet Banking<i class="far fa-chevron-right"> </i></span></a></div> <div class="col-md-auto col-sm-12 text-right d-block d-md-none"><a class="link link link-arrow-right" rel="noopener" href="https://internet.ocbc.com/internet-banking/InvestmentAccountOpeningNew/MobileEntry/SRS?redir=1" target="_blank"><span class="text-nowrap">Log in to Internet Banking<i class="far fa-chevron-right"> </i></span></a></div> </div> <div class="mobile-content d-none-soft" online-deeplink="https://internet.ocbc.com/internet-banking/PublicPushNotification/Redirect?code=srsopen"> <div class="in-co-par fz-16"> <h4 class="bp-title fw-700 bp-img align-middle mb3"><span>Please download OCBC Mobile Banking app</span></h4> <div class="app-download"> <div class="ios-content mb2"><a target="_blank" href="https://apps.apple.com/sg/app/ocbc-sg-mobile-banking/id292506828" rel="noopener"><img src="/iwov-resources/sg/ocbc/personal/img/live/digitalbanking/digital-banking-services/cta-apple-store.png" /></a></div> <div class="android-content mb2"><a target="_blank" href="https://play.google.com/store/apps/details?id=com.ocbc.mobile&hl=en" rel="noopener"><img src="/iwov-resources/sg/ocbc/personal/img/live/digitalbanking/digital-banking-services/cta-google-play.png" /></a></div> <div class="huawei-content mb2"><a target="_blank" href="https://appgallery.cloud.huawei.com/marketshare/app/C101921711?locale=en_GB&source=appshare&subsource=C101921711" rel="noopener"><img src="/iwov-resources/sg/ocbc/personal/img/live/digitalbanking/digital-banking-services/cta-huawei.png" /></a></div> </div> <p class="caption">Alternatively, you may log in to OCBC Digital via desktop</p> </div> </div> </div> </div> </div></div> </div> </div> </div> </section> </div> </div> </div> <div class="container-fluid iw_section" id="sectionjztq8woi"> <div class="row iw_row iw_stretch" id="rowjztq8woj"> <div 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