facebookWhen using SRS to buy SSB, is it a must that my CDP account and SRS account are in the same bank? - Seedly

Anonymous

29 Nov 2019

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General Investing

When using SRS to buy SSB, is it a must that my CDP account and SRS account are in the same bank?

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Hi QP,

Your CDP account must have Direct Crediting Service activated on your bank account. This allows interest payments from your Savings Bonds to be credited directly into your bank account.
https://www.mas.gov.sg/bonds-and-bills/investin...

No need.

The bank account linked to your CDP is just for payment/settlement purpose. You just have to apply for ssb through internet banking of your SRS operator.

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