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Deposit Insurance (DI) Scheme

Singapore’s deposit insurance limit raised to $100,000 from today; new public education campaign launched

The Deposit Insurance (DI) Scheme now fully covers 91% of depositors, up from 89% previously.

April 01, 2024

MAS proposes to increase deposit insurance coverage to $100,000

The central bank’s proposals are not in response to the stresses faced by some banks abroad earlier in the year.

June 27, 2023

MAS proposes increasing deposit insurance coverage to $75,000

SINGAPORE (Aug 4): The Monetary Authority of Singapore (MAS) on Friday released a public consultation on its proposals to enhance the Deposit Insurance (DI) Scheme, which insures Singapore dollar deposits held at a full bank or finance company in Singapor

August 04, 2017