Currency Issuance and Deposit
Notes Distribution Cycle
Members of the public and businesses deposit their notes with banks either over the counter at bank branches or through the banks’ cash deposit machines.
The banks will either recirculate the notes (after authenticating and checking their fitness for circulation) or return them to MAS. For $2 and $5 notes, banks will deposit them via Certis Cisco Secure Logistics Pte Ltd (CSL), which is appointed by MAS to manage the $2 and $5 notes.
The notes returned by banks will be processed, which includes counting, authenticating and fitness sorting. Processed good notes will be repacked and stored for re-issuance to the banks.
When banks require notes to meet demand from the public and businesses, they will indent the required notes from MAS or CSL, and thereafter, distribute the notes to their respective branches or Automated Teller Machines (ATMs) to facilitate withdrawals by the general public and businesses. Generally, new currency notes are issued only when the stock of processed currency has been completely issued.
Coins Distribution Cycle
Similar to notes, members of the public and businesses deposit their coins with banks either over the counter at bank branches or through the banks’ coin deposit machines. They can also deposit their coins with MAS’ appointed Circulation Coins Operator and Manager (CCOM), CSL.
The banks will either recirculate the coins (after authenticating and checking their fitness for circulation) or return them to MAS via CCOM. CCOM will process (i.e. count, authenticate and fitness sort) the coins returned by the banks, together with the coins deposited by members of the public and businesses with CCOM. Processed good coins will be repacked and stored for re-issue to the banks.
When banks require coins to meet demand from the public and businesses, they will indent the required amount from MAS via CCOM. New coins are only issued when the stock of processed coins is completely issued. Banks will distribute the coins to their respective branches to facilitate withdrawals by the general public and businesses.
Certis CISCO Coin Deposit Locations
Four designated locations:
31 Jurong Port Road, #03-25 Jurong Logistics Hub, Singapore 619115
||Monday to Friday from 8am to 5pm, excluding Public Holidays|
|ii||20 Jalan Afifi, Certis CISCO Centre 2, Level 1, Singapore 409179||Monday to Saturday from 9am to 9pm; Sunday and Public Holidays from 9am to 6pm|
|iii||3791 Jalan Bukit Merah, #01-10 E-Centre @ Redhill, Singapore 159471||Monday to Saturday from 9am to 9pm; Sunday and Public Holidays from 9am to 6pm|
|iv||134 Jurong Gateway Road, #02-311, Singapore 600134||Monday to Saturday from 9am to 9pm; Sunday & Public Holidays from 9am to 6pm|
Coin deposits at locations (ii), (iii) and (iv) can only be made via self-service coin deposit machines located within the premises. Certis CISCO's self-service coin deposit machines accept only the second and third series circulation coins. Hence, all other types of coins can be deposited at Certis CISCO's operating location at Jurong Port Road. Please refer to the table below for the coin deposit fees at Certis CISCO.
Coin Deposit Fees at Certis CISCO
|Type of Coins||Fee|
|S$3.50 per 1,000 pieces|
For more information, please contact: