All Singaporean children aged up to six years old in 2023 will receive a one-off top-up of S$400 to their Child Development Accounts from mid-September, the Ministry of Finance and Ministry of Social and Family Development said on Monday ., will benefit about 240,000 children, the ministries said in a joint media release.to provide families with additional financial support in the child's early years," MOF and MSF said.
The CDA top-up will be credited directly into accounts from the middle of September or after a CDA is opened, whichever is later. "CDA trustees will be notified via SMS, email or hard copy letter after the CDA top-ups have been credited," MOF and MSF said.To guard against scams, notifications sent by SMS will be sent from the SMS ID"MSF".
Source: News Formal (newsformal.com)
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