5

How much money is protected by the SDIC?

Asked by Anonymous Sep 02, 2026 37 views 1 answers
Looking for information about How much money is protected by the SDIC? Find useful answers and guidance.


1 Answers
5
Administrator Accepted
Answered Sep 02, 2026

Singapore dollar deposits held by non-bank retail depositors with any scheme member institution are protected up to an aggregate statutory maximum limit of S$100,000 per depositor, per member bank. This comprehensive protection threshold combines all eligible savings, current, and fixed deposit balances held within the same institution. Separate statutory calculation caps and independent aggregate limits apply to specific trust accounts, sole proprietorships, and monies placed under designated national retirement and investment schemes.

5 votes Marked as accepted
Your Answer

Please log in to submit an answer.