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What products are insured by SDIC?

Asked by Anonymous Sep 02, 2026 28 views 1 answers
Find out What products are insured by SDIC and explore helpful information and answers.


1 Answers
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Administrator Accepted
Answered Sep 02, 2026

The Deposit Insurance Scheme administered by the Singapore Deposit Insurance Corporation exclusively protects specific retail banking products denominated in Singapore dollars. Eligible insured products encompass standard savings accounts, current accounts, time or fixed deposit accounts, money held under the Supplementary Retirement Scheme, and funds placed through the Central Provident Fund Investment and Retirement Sum Schemes. Conversely, foreign currency accounts, structured deposits, dual-currency investments, and general capital market investment products are entirely excluded from statutory insurance coverage.

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