Supplementary Retirement Scheme
This service allows you to open a Supplementary Retirement Scheme (SRS) account. This allows you to not only save for the future but pay less in income tax today. Once your SRS account is opened, you can perform a contribution via Funds Transfer.
Features
- If you apply for a new account between Mondays to Saturdays, 0700 hr to 1900 hr, your account will be opened instantly. Beyond this period, account opening will take 2 working days (including Public Holidays).
- You can choose your signature for your new account from any of your existing personal or joint-alternate accounts.
- You will receive your monthly statement.
- You can perform a contribution via iBanking Funds Transfer immediately using your new SRS account upon creation.
- Opening a new account can be done in 4 simple steps:
- Under the “Open” tab on the navigation, select “Deposit Accounts”
- Select Supplementary Retirement Scheme, and click on “Instant Apply”
- Input your account details
- Confirm your account details
- Account Opening Requirements:
- You must be at least 18 years old
- You must be an existing DBS iBanking Customer
- You must have an existing personal or joint-alternate DBS/POSB Savings or Current Account
- You may not have more than 1 personal account of the same account type.