For cash application: You will need a bank account with one of the three local banks (DBS/POSB, OCBC, and UOB). You will also need an individual CDP account with Direct Crediting Services activated . This allows coupon and principal payments to be credited directly into your bank account.

Note: You cannot buy SGS with a joint CDP account. However, you can pay for the SGS application from a joint bank account.

For SRS application: You will need an SRS account with one of the three SRS operators (DBS/POSB, OCBC, and UOB).

For CPFIS-OA application: You will need a CPF investment Account with one of the three CPFIS agent bank (DBS/POSB, OCBC, and UOB).

For CPFIS-SA application: There is no need to open a CPF Investment Account if you wish to invest CPFIS-SA funds.

Note: The use of CPFIS funds for investing in SGS is subject to CPF investment guidelines . The prevailing CPF interest rates may be higher than the yield on SGS.

For cash application: DBS/POSB, OCBC and UOB ATMs and internet banking portal.

For SRS application: Internet banking portal of your SRS Operator (DBS/POSB, OCBC, or UOB).

For CPFIS-OA application: You will need to submit an application via your CPFIS-OA agent banks (DBS/POSB, OCBC, or UOB). Application is restricted to your CPFIS-OA agent bank to facilitate the settlement process for SGS bonds and T-bills purchased under CPFIS-OA.

• DBS/POSB: Apply through DBS/POSB's internet banking portal.
• OCBC: Apply through OCBC’s internet banking portal or OCBC Digital application.
• UOB: Apply for SGS bonds in person at any UOB branch. Apply for T-bills through UOB’s internet banking portal.

For CPFIS-SA application: You will need to submit an application via your CPFIS bond dealers (DBS/POSB, OCBC, or UOB).

• DBS/POSB: Apply in person at any DBS/POSB branch.
• OCBC: Apply through OCBC’s internet banking portal or OCBC Digital application.
• UOB: Apply in person at any UOB branch.

The minimum bid amount for SGS bonds and T-bills is S$1,000. Decide how much you want to invest, in multiples of S$1,000.

Note: There are allotment limits for competitive and non-competitive bids at each auction.

Ensure you have sufficient funds in the account you use to apply:

• For new SGS issues, the full bid amount will be debited from your account at the point of application.
• For reopened bonds, since the price of the bond is only known after the auction, 115% of the bid amount will be debited. Any difference from the price will be refunded into or debited from your bank account after the auction.

If your bid is unsuccessful or invalid, the money will be refunded into the account used to make the application. The refund will be reflected in your account 1 to 2 business days after the auction day.

Applications through ATMs and internet banking may close 1 to 2 business days before the auction. You should check with your bank for the exact cut-off time for the different application channels.

Primary dealers need to submit all bids by noon on the auction closing date, so they will need to receive your application ahead of time to allow for processing.