FAQ on Child Development Account (CDA)

The CDA is a special savings account that you open at any OCBC Bank, DBS Bank or UOB Bank branch for your child who is eligible for CDA. You can save in the CDA any time until 31 December in the year your child turns 12 years of age.

The savings will be matched up to the cap of $6,000 each for the first and second child, $12,000 each for the third and fourth child and $18,000 each for the fifth and subsequent child. The Government will match your savings in the following month.

The CDA First Step is a new grant of $3,000 for eligible Singaporean children born from 24 March 2016. It is paid into the child's CDA and forms part of the existing overall Government contribution cap.

The CDA First Step is part of the current Government cap. Beyond this grant, parents who contribute into the CDA will continue to receive dollar-for-dollar matching from the Government, up to the existing Government co-matching contribution caps:


Child Order
CDA Benefits
Total CDA Benefits
CDA First Step Dollar-for-Dollar
matching
1st & 2nd Child

$3,000
Up to $3,000 Up,to $6,000
3rd & 4th Child Up to $9,000 Up,to $12,000
5th Child and higher Up to $15,000 Up,to $18,000

For more information on CDA, please visit http://goo.gl/qvKa6f or ask our friendly consultant today.

A child is eligible if he or she is:

      • born on or after 17 Aug 2008;
      • a Singapore Citizen;
      • The first child and each child beyond the fourth; and

The mother is lawfully married to the child's father.

The advantages of using your baby's CDA to pay for Cordlife's services are:

      • You can make use of the CDA to make payment for your initial one-time enrolment fee as well as subsequent annual fees till your child turns 12 years old*
      • As majority of the cord blood banking fee that you are paying can be subsidised by the Government via CDA (including First Step grant of $3,000). Therefore, it is good as enjoying a 50% savings for our service.

*Terms and conditions apply.

Upon enrolment with Cordlife, please indicate your option to pay via your CDA. You will be provided with an application form to sign up either with:

In addition, we will require you to fill up an Authorisation Letter to authorise Cordlife to deduct payment from your CDA.

This is done only once for the same CDA. You need not submit the application to us for your next subsequent billing.

You will be required to submit a copy of your child's birth certificate, as well as provide the Trustee's name and CDA account number to Cordlife.

No, you are not required to pay upon enrolment. However, we will request for your credit card details upon enrolment. In the event that your CDA application is not approved by the bank two (2) months from the actual date of your delivery, Cordlife will bill the fees payable from this credit card provided.

No, there is no limit. You can use CDA up to the amount capped by the savings matched by the Government.

The savings is capped at $6,000 each for the first and second child, $12,000 each for the third and fourth child and $18,000 each for the fifth and subsequent child. The Government will match your savings in the following month.

As such, you may choose to pre-pay the full 21 years of storage using your CDA.

You can utilise the savings in CDA till the day before your child's seventh/twelfth birthday.

Yes, you may. You can choose to open an account with either OCBC, DBS, UOB or Standard Chartered Bank.

Kindly download and fill up the following CDA application form:

In addition, we will require you to fill up an Authorisation Letter to authorise Cordlife to deduct payment from your CDA. Please send both completed and signed original forms back to Cordlife, at the following address for processing.

Cordlife Group Limited
Finance Department (CDA Payment)
1 Yishun Industrial Street 1
A'Posh Bizhub
#06-01/09
Singapore 768160

Yes, you can use your child's CDA to pay for his/her sibling's cord blood banking service. Kindly provide the birth certificate of his/her sibling for verification.

If you wish to terminate the inter-bank GIRO for CDA with us, please contact the bank that you have an account with and inform Cordlife at 6238 0808 or email customercare@cordlife.com of the termination.