Frequently Asked Questions

Search:

You’re in: Home » Frequently Asked Questions

Account

Opening an SRS Account

1. How do I apply for an account?
2. How can I deposit money into my SRS account?
3. What are the eligibility criteria for opening an SRS account with OCBC?
4. Can I open more than one SRS account?
5. Can I open a joint SRS account?
6. How many days does it take to open an SRS account?
7. How do I know whether my application has been received or approved?
8. Is there a service charge in opening an SRS account?

Question1: How do I apply for an account?
Answer:

For existing customers who wish to open a CPF Investment/SRS Account with OCBC Bank, please remember to send us the following:

CPF Investment Account:

• A photocopy of your NRIC (for Singaporeans/Singapore Permanent Residents) or passport (for Foreigners)
• Account application for CPF Investment Account
• CPF Standing Instruction form

SRS Account:

• A photocopy of your NRIC (for Singaporeans/Singapore Permanent Residents) or passport (for Foreigners)
• Account application for Supplementary Retirement Scheme (SRS)
• Annual Declaration Form for Supplementary Retirement Scheme (SRS) (For Foreigners Only)

Our mailing address is:
P.O Box 1900
Robinson Road Post Office
Singapore 903750

Question2: How can I deposit money into my SRS account?
Answer:
There are three ways of funding an SRS account:

Deposit a cheque payable to your name
Deposit using a cashier's order made payable to your name
Transfer funds from your finatiQ account (if applicable)

Question3: What are the eligibility criteria for opening an SRS account with OCBC?
Answer:
Applicant must meet the following criteria:

At least 21 years of age
Cannot be an undischarged bankrupt or of unsound mind

Question4: Can I open more than one SRS account?
Answer:
No. It is not possible to have more than one SRS account at any point in time.

Question5: Can I open a joint SRS account?
Answer:
No. SRS account has to be an individual account.

Question6: How many days does it take to open an SRS account?
Answer:
It takes approximately 5 to 7 working days upon receiving the completed application. OCBC Bank will mail the confirmation letter to you once the account is opened.

Question7: How do I know whether my application has been received or approved?
Answer:
A notification email will be sent from finatiQ on the status of the application.

Question8: Is there a service charge in opening an SRS account?
Answer:
finatiQ will not charge any fee for opening an OCBC SRS account through us. However, OCBC Bank may impose account maintenance and service charges.

© Copyright 2004 - 2010 finatiQ. All rights reserved.
Read our privacy policy, legal notice and copyright information / terms & conditions before browsing.
Singapore Island Bank Limited is an exempt financial adviser and is authorised to provide advisory services on collective investment schemes under the Financial Advisers Act.
Co.Reg.No.: 195400071R