51Ƶ

Certificate Of Deposit for Singapore

Certificate Of Deposit Template for Singapore

A Certificate of Deposit template compliant with Singapore banking regulations, providing a standardized format for documenting time deposits made with financial institutions. The document incorporates requirements from the Banking Act, MAS notices, and relevant Singapore financial regulations, including mandatory disclosures of interest rates, terms, and deposit insurance coverage under SDIC. It serves as a formal acknowledgment of the deposit agreement between the financial institution and the depositor.

Your data doesn't train Genie's AI

You keep IP ownership of your information

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Download a Standard Template

4.6 / 5
4.8 / 5
Access for free
OR

Alternatively: Run an advanced review of an existing
Certificate Of Deposit

Let Genie AI's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.

What is a Certificate Of Deposit?

The Certificate of Deposit Template is essential for Singapore financial institutions to document fixed-term deposit agreements with customers. It ensures compliance with MAS regulations while providing clear terms for both parties. The template includes crucial information such as deposit amount, interest rate, maturity date, and early withdrawal conditions. It serves as both a receipt and a contract, establishing the rights and obligations of both the financial institution and the depositor under Singapore law.

What sections should be included in a Certificate Of Deposit?

1. Certificate Details: Certificate number, date of issue, and deposit amount

2. Depositor Information: Full name, identification details, and contact information of the depositor

3. Term and Interest Rate: Duration of deposit, interest rate, and calculation method

4. Maturity Instructions: Actions at maturity including rollover options

5. Terms and Conditions: General terms including early withdrawal provisions

What sections are optional to include in a Certificate Of Deposit?

1. Nominee Details: Details of nominated beneficiary, used when requested by depositor

2. Special Instructions: Any specific instructions regarding interest payments or communications

3. Foreign Currency Provisions: Required when CD is denominated in foreign currency

What schedules should be included in a Certificate Of Deposit?

1. Interest Rate Schedule: Detailed breakdown of applicable interest rates and tiers

2. Early Withdrawal Penalties: Schedule of penalties for early withdrawal

3. SDIC Protection Notice: Standard notice regarding deposit insurance coverage

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

Singapore

Publisher

Genie AI

Document Type

Deposit Form

Sector

Banking

Cost

Free to use
Relevant legal definitions

























Clauses




















Industries

Banking Act (Cap. 19): Primary legislation governing banking institutions and operations in Singapore, including deposit-taking activities

Monetary Authority of Singapore Act (Cap. 186): Framework for financial sector regulation and supervision by MAS, including oversight of deposit-taking institutions

Financial Advisers Act (Cap. 110): Regulations concerning financial advisory services and product recommendations, including deposit products

MAS Notice 1105: Specific regulations on deposits and deposit advertising, including requirements for disclosure and representation

MAS Notice 1109: Regulations governing unsecured credit facilities and their relationship to deposit products

Banking (Deposits) Regulations: Detailed rules and requirements for deposit-taking institutions and deposit products

Consumer Protection (Fair Trading) Act: Legislative framework protecting consumers' interests in financial transactions including deposits

MAS Notice 626: Requirements for Prevention of Money Laundering and Countering the Financing of Terrorism in banking operations

Contract Law Act (Cap. 53): General contract law principles applicable to deposit agreements and banking contracts

Evidence Act (Cap. 97): Legal framework for electronic records and digital documentation in banking transactions

Personal Data Protection Act 2012: Regulations governing the collection, use, and disclosure of personal data in banking relationships

SDIC Requirements: Singapore Deposit Insurance Corporation requirements for deposit insurance coverage and disclosure

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Security Deposit Receipt

A Singaporean legal document acknowledging receipt of security deposits, detailing terms for residential or commercial transactions.

find out more

Security Deposit Invoice

A Singapore legal document for requesting and recording security deposit payments in property and business transactions.

find out more

Rent Deposit Receipt

A Singapore legal document recording a rental security deposit payment, ensuring compliance with local rental regulations.

find out more

Real Estate Deposit Receipt

A Singapore legal document recording a property deposit, outlining terms, and ensuring compliance with property laws.

find out more

Pre Contract Deposit Agreement

A Singapore legal document outlining deposit terms for high-value transactions, ensuring compliance with contractual and property laws.

find out more

Holding Deposit Agreement

A Singapore legal document securing initial property transaction terms and deposit conditions for buyers and sellers.

find out more

Earnest Money Agreement

A Singapore legal document detailing earnest money terms for property transactions, ensuring compliance with local property laws.

find out more

Deposit Receipt

A Singapore legal document detailing deposit payment terms, ensuring compliance and protecting transaction interests.

find out more

Deposit Invoice

A Singapore business document recording advance payments, ensuring compliance with taxation and business regulations.

find out more

Deposit Form

A Singaporean legal document standardizing deposit transactions, ensuring compliance and protecting parties' interests.

find out more

Deposit Contract

A Singapore legal document formalizing deposit arrangements, detailing terms, conditions, and compliance with local legislation.

find out more

Certificate Of Deposit

A Singapore legal document detailing fixed-term deposit agreements, ensuring compliance with MAS regulations for financial institutions.

find out more

Term Deposit Form

A Singapore-compliant form establishing terms for fixed-term deposits between financial institutions and depositors.

find out more

Term Deposit Application Form

A Singapore-compliant application form for establishing term deposit accounts under MAS regulations.

find out more

Request For Return Of Security Deposit Form

A formal request document used in Singapore for the return of security deposits from landlords after lease termination.

find out more

Rental Deposit Agreement Form

A Singapore-compliant agreement establishing terms for rental security deposits between landlord and tenant.

find out more

Recurring Deposit Form

A Singapore-compliant banking form for establishing regular fixed deposits with specified terms and conditions under MAS regulations.

find out more

Paycheck Direct Deposit Form

A Singapore-compliant form authorizing automatic deposit of employee salaries into designated bank accounts.

find out more

Money Deposit Form

A Singapore-compliant form documenting the placement of funds with a financial institution, subject to MAS regulations.

find out more

Letter Of Direct Deposit

A Singapore-compliant authorization document for setting up automatic deposits into a specified bank account.

find out more

Forfeit Deposit Letter

A formal notice under Singapore law declaring the forfeiture of a deposit due to breach of contract or specified conditions.

find out more

Fixed Deposit Receipt

A Singapore-compliant document evidencing a time deposit, specifying amount, interest rate, and maturity terms.

find out more

Fixed Deposit Form

A Singapore-compliant banking document that establishes terms for fixed-term deposits between financial institutions and customers.

find out more

Fixed Deposit Application Form

A Singapore-compliant application form for establishing a fixed deposit account with a financial institution, subject to MAS regulations.

find out more

Fixed Deposit Account Opening Form

A Singapore-compliant banking form for opening fixed deposit accounts, establishing terms between financial institutions and customers under MAS regulations.

find out more

Dispute Security Deposit Deductions Letter

A Singapore-compliant formal letter detailing and justifying security deposit deductions from a tenancy agreement.

find out more

Direct Deposit Form

A Singapore-compliant authorization form for automatic deposit of payments into an employee's bank account.

find out more

Direct Authorization Form

A Singapore-compliant legal document granting specific banking or payment authorizations to financial institutions.

find out more

Car Deposit Form

A Singapore-compliant legal document formalizing vehicle purchase intention through deposit payment and establishing transaction terms.

find out more

Vendor Direct Deposit Form

A Singapore-compliant form that establishes electronic payment arrangements between companies and their vendors through direct deposit.

find out more

Security Deposit Agreement Form

A Singapore-compliant legal document establishing terms for holding and managing security deposits between parties.

find out more

Itemized Security Deposit Deduction Letter

A Singapore-compliant formal letter detailing justified deductions from a tenant's security deposit at lease end.

find out more

Direct Deposit Request Form

A Singapore-compliant form authorizing automatic deposits into a designated bank account.

find out more

Deposit Refund Form

A Singapore-compliant legal document used to request and process the return of deposits, governed by local consumer protection and contract laws.

find out more

Deposit Application Form

A Singapore-compliant legal document for opening deposit accounts with financial institutions, regulated by MAS and the Banking Act.

find out more

Certificate Of Deposit Form

A Singapore-compliant document evidencing a time deposit agreement between a bank and depositor, including terms, conditions, and deposit insurance coverage.

find out more

Cash Deposit Receipt

A legally compliant document issued by Singapore financial institutions acknowledging receipt of cash deposits.

find out more

Standard Direct Deposit Form

A Singapore-compliant form authorizing automatic electronic fund transfers into a designated bank account.

find out more

Security Deposit Release Form

A Singapore-compliant legal document that records the return of a security deposit from landlord to tenant at the end of a lease.

find out more

Vendor Direct Deposit Authorization Form

A Singapore-compliant authorization form enabling automatic electronic payments from organizations to their vendors' bank accounts.

find out more
See more related templates

ұԾ’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; ұԾ’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

We are ISO27001 certified, so your data is secure

Organizational security:

You retain IP ownership of your documents and their information

You have full control over your data and who gets to see it