Baby Bonus Scheme

	-	For Parents
	-	For Approved Institutions

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Baby Bonus Scheme

For Parents

For Approved Institutions

Top 10 Frequently Asked Questions
1.	What documents do I need to bring during birth registration in order to join the Baby Bonus Scheme?
2.	How do I join the Baby Bonus Scheme if my child obtained Singapore Citizenship after birth?
3.	How much must I save?
4.	Mr and Mrs A are Singaporeans. Their child is born on 3 January 2009 and they register the birth and return the Baby Bonus forms on 4 January 2009. They open the Children Development Account (CDA) on 1 February 2009. The first cash gift is given within 3 weeks of returning the completed forms to MCYS. They will receive the cash gift and co-savings contributions as follows:
5.	What happens to unused savings in the CDA?
6.	How does the Baby Bonus Scheme work for children born on or after 17 August 2008?
7.	What do i need to do if i want to change the reference number for the GIRO?
8.	My GIRO deduction from the CDA account was rejected, what do i need to do?
9.	My corporate account number is currently under another bank. Do i need to open another corporate account with OCBC Bank or Standard Chartered Bank to be able to deduct money from the CDA?
10.	What is the amount of benefits a child will receive if he/she obtains Singapore Citizenship some time after birth?

Disclaimer: All the contents of the following Frequently Asked Questions (FAQs) are provided for general information only. Please do call the Baby Bonus Branch, MCYS (Hotline: 1800-253 7707) if you require clarification for your individual case. You may also refer to the Children Development Co-Savings Act and the Children Development Co-Savings Regulations for full details of the Baby Bonus Scheme.