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How to buy T-bills: The mechanics

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Tay Peck Gek

Tay Peck Gek

Published Fri, Dec 2, 2022 · 12:31 PM
    • T-bills can be purchased by anyone above the age of 18, even non-Singapore residents. They can also be purchased by institutions.
    • T-bills can be purchased by anyone above the age of 18, even non-Singapore residents. They can also be purchased by institutions. BT ILLUSTRATION: LEE YU HUI

    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.

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