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For thumbprint, please verify with DBS/POSB branch before submitting to AI. (a) I hereby instruct you to process the Approved Institution’s instructions to debit my Child Development Account (CDA).
The purpose of the POSB CDA GIRO form is to allow parents to apply for a GIRO arrangement for their Child Development Account (CDA) with POSB Bank. This form is used to authorize POSB to deduct monthly contributions directly from the parent's bank account and deposit it into the CDA.
Given any 9-digit number (account serial number) and a 3-digit Nigerian bank code, this endpoint returns the full account number. Here is a list of Nigerian bank codes you can use to test this. Specification
• Update your Approved Institution (AI) of the new CDA number by completing a new 'Application for Interbank GIRO for Child Development Account (CDA)' and submit it to your AI. You may find the form at www.babybonus.msf.gov.sg. • Ensure that there are sufficient funds in the new CDA in the interim period while the funds are being transferred.
Obtain the POSB Child Development Account application form from the POSB website or any POSB branch. 02 Fill in your personal information accurately, including your name, identification number, contact details, and residential address.
Follow the steps for CDA opening. Check trustee and child’s information and submit the application. The CDA will be automatically opened instantly after the CDA trustee accepts the Terms and Conditions online.
I hereby instruct you to process the Approved Institution’s instructions to debit my Child Development Account (CDA). You are entitled to reject the Approved Institution’s instruction if my CDA does not have sufficient funds and charge me a fee for this.
