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You can switch your child’s Child Development Account (CDA) and Child Savings Account (CSA) to another bank, change joint account holder and account trustee, or update any other CDA and CSA-related information.
Cash Gift and Child Development Account (CDA) Join Baby Bonus to get a cash gift and open a CDA – a special savings account which can be used for your child’s educational and healthcare expenses at Baby Bonus Approved Institutions.
The Baby Bonus Scheme is part of the Marriage and Parenthood Package and comprises the Baby Bonus Cash Gift and the Child Development Account (CDA) benefits. The current scheme for Singapore Citizen children whose date of birth is on or after 14 Feb 2023, is as follows:
22 lut 2022 · The new nominated CDA trustee has to bring the LOA and visit the CDA Bank branch to effect the change. Please click here to apply now. You will be re-directed to Singpass for authentication purposes.
To change the Child Development Account (CDA) trustee, the current trustee must log in with his or her Singpass via “[ Change CDA Trustee ]” on Baby Bonus Online.
From 1 Jul 2024, applications for the Baby Bonus Scheme and CDA related services have been made easier for all parents. You can now apply for Baby Bonus through the LifeSG mobile app or web ( life.gov.sg ) together with your child’s birth registration.
If you already have a CDA with another bank, you can still switch to OCBC. We will arrange with your bank to close off your current CDA and have the funds transferred over. Once successful, you will receive a new CDA and CSA with OCBC. Any remaining Baby Bonus Cash Gift will be paid into the new CSA as scheduled. Submit request
