How to buy T-bills: The mechanics

Who’s eligible?

Individuals, including non-residents, who are at least 18 years old and not bankrupt; and institutions

Accepted sources of funds:

Cash, supplementary retirement scheme (SRS) funds, and Central Provident Fund ordinary account (OA) and special account (SA) savings

What you need:

• An individual Central Depository (CDP) account with direct crediting service activated. As there has been a high volume of CDP account applications, it now takes a minimum of 20 work days to process.
• SRS account, if using SRS funds
• Completed CPF Self-Awareness Questionnaire if using CPF funds
• CPF Investment Account (CPFIA), if using CPF OA savings

How much can you invest?

The minimum investment is S$1,000. The maximum investment is 15 per cent of the issuance size, for both competitive and non-competitive applications by each individual investor. There is also a cap of S$1 million on non-competitive bids.