The Baby Bonus NETS Service is a NETS service,
which is initiated with Ministry of Community Development,
Youth and Sports (MCYS) under the Baby Bonus Scheme. The
Baby Bonus NETS Service allows the cardholders to transfer
funds from the Children Development Account (CDA) to the
Approved Institutions (AIs) through the use of the Baby
Bonus card via NETS network. Cardholders are also able
to check their balance in the CDA through the NETS terminals.
The Baby Bonus cards are issued by either OCBC Bank or
Standard Chartered Bank.
The Baby Bonus NETS Service would be available to AIs,
who had subscribed to the service, from 1 August 2008
onwards. Please refer to the link Participating
Approved Institutions for the list of AIs with the
service enabled.
For more information on the Baby Bonus Scheme, please
refer to the link www.babybonus.gov.sg |
