Place your SRS funds in a SRS Time Deposit to earn a higher interest. Save for any period from 1 month to 3 years.
All contributions to SRS are eligible for tax deduction against your income, each dollar of SRS contribution reduces your chargeable income by a dollar.
Benefits
You may choose to auto-renew your SRS Time Deposit or credit to your SRS Account upon maturity
Tenors available
Amount
Tenor
Amount less than S$250,000
1 to 15, 18, 24 and 36 months
S$250,000 to less than S$5 million
Weekly tenors, 1 to 15, 18, 24 and 36 months
S$5 million and above
1 to 6 days, weekly tenors, 1 to 15, 18, 24 and 36 months
Requirements
Individuals aged 21 years old and above
Minimum deposit of S$5,000
Single name only
Apply Now
Visit any OCBC Bank branch today with your identity card and the minimum initial deposit to open the account.
Your SRS account number and bank name to open the account.
Fees
Premature termination fee will apply
Deposit Insurance Scheme
Singapore dollar deposits held by or for an individual or a charity in accounts listed in OCBC Bank's Insured Deposit Register (available at www.ocbc.com/policies) will be insured in accordance with and for up to the limits specified in the Deposit Insurance Act.
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