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How much money is protected by the SDIC?

Asked by Anonymous Sep 02, 2026 38 views 1 answers
Learn How much money is protected by the SDIC and explore helpful information, explanations, and solutions.


1 Answers
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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.

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