Get cash gifts and dollar-for-dollar savings accounts for your children. Baby Bonus helps parents lighten the financial costs of raising children.
The Baby Bonus Scheme supports parents' decision to have more children. Under this scheme, parents can get cash gifts for their 1st, 2nd, 3rd and 4th children.
On top of that, eligible children will qualify for Children Development Accounts (CDAs) with authorised banks. CDAs are special savings accounts where the Government will contribute a matching dollar for every dollar you deposit, up to a maximum cap.
The savings in CDAs may be used to pay fees for all your children who are attending Approved Institutions registered with MCYS under the Baby Bonus Scheme.
Local Hotline: 1800 253 7707 (Calling from Singapore)
Overseas Hotline: (65) 6253 7707 (Calling from overseas)
Fax: (65) 6355 2124
Email: mcys_babybonus@mcys.gov.sg
Office Hours: 8.30am to 5.30pm, Monday to Friday
Extracted on : http://app1.mcys.gov.sg/Assistance/BabyBonusScheme.aspx
The Baby Bonus Scheme supports parents' decision to have more children. Under this scheme, parents can get cash gifts for their 1st, 2nd, 3rd and 4th children.
On top of that, eligible children will qualify for Children Development Accounts (CDAs) with authorised banks. CDAs are special savings accounts where the Government will contribute a matching dollar for every dollar you deposit, up to a maximum cap.
The savings in CDAs may be used to pay fees for all your children who are attending Approved Institutions registered with MCYS under the Baby Bonus Scheme.
For More Info
Baby Bonus SchemeLocal Hotline: 1800 253 7707 (Calling from Singapore)
Overseas Hotline: (65) 6253 7707 (Calling from overseas)
Fax: (65) 6355 2124
Email: mcys_babybonus@mcys.gov.sg
Office Hours: 8.30am to 5.30pm, Monday to Friday
Extracted on : http://app1.mcys.gov.sg/Assistance/BabyBonusScheme.aspx
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