Guidelines
 Last Revised Date: 28 June 2021

​Guidelines on Definition of a “Deposit”

Guidelines for determining if a financial product can be defined as a "deposit".
Applies to: Full Bank (Locally Incorporated) , Full Bank (Branch) , Wholesale Bank (Branch) , Wholesale Bank (Locally Incorporated) , Merchant Bank (Locally Incorporated) , Merchant Bank (Branch)
View Document ​Guidelines on Definition of a “Deposit” (273.2 KB)

These guidelines apply to all banks and merchant banks in Singapore. They set out the factors that MAS would consider in determining whether a financial product satisfies the definition of a “deposit” under the Banking Act.

Amendment Notes

01 Jul 2021
Guidelines on Definition of a “Deposit” dated 07 October 2004 is revised.

02 Dec 2005
Guidelines on Definition of a “Deposit” dated 07 October 2004 is revised.

07 Oct 2004
Guidelines on Definition of a “Deposit” dated 07 October 2004 takes effect.