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Is the SDIC insured up to 100k?

Asked by Anonymous Sep 02, 2026 28 views 1 answers
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Answered Sep 02, 2026

Yes, Singapore dollar deposits held by non-bank depositors with any SDIC scheme member institution are insured up to S$100,000 in aggregate per depositor, per member bank. This statutory coverage limit encompasses the combined total of a customer's savings, current, and fixed deposit accounts held within that specific institution, ensuring comprehensive safety for standard retail banking balances up to the regulated threshold.

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