The Deposit Insurance Scheme (‘the scheme’) was established under the Deposit Insurance Act. The scheme provides compensation to individuals and charities up to a maximum of S$75,000 in aggregate across insured deposits placed with full banks and finance companies in Singapore (‘scheme members’).
The scheme compensates depositors through a deposit insurance fund built up from contributions by the scheme members. The scheme is administered by the Singapore Deposit Insurance Corporation Limited (‘SDIC’) and the SDIC manages the deposit insurance fund.
Insured Deposits are deposits placed in Singapore Dollars by an insured depositor with a scheme member in any of its branches in Singapore in:
|c)||fixed deposit accounts; and|
|a)||deposit under Supplementary Retirement Scheme (SRS);|
including any accrued interest for each of the deposits specified above.
RHB Bank Berhad is a scheme member. Deposits accounts offered by RHB Bank Berhad in Singapore which are covered under the scheme are listed in the Insured Deposit Register below.
More information on deposit insurance and the SDIC can be found at the SDIC website http://www.sdic.org.sg
The following are deposit accounts which are eligible for deposit insurance coverage under the Deposit Insurance Act. Any Singapore dollar deposit in these accounts held by or for an individual or a charity will be insured up to the limits specified in the Deposit Insurance Act.