Child Development Account (CDA)

The Baby Bonus Scheme consists of two components – a Cash Gift and a Child Development Account (CDA). The CDA is a special savings account that you apply online at any OCBC, DBS/POSB or UOB bank(Singapore) for your child who is eligible for CDA.

Under the Scheme, the savings you contribute to your child’s CDA will be matched dollar-for-dollar by the Government.

For more information, visit here

Paying for your Cord Blood Banking Plans with CDA

StemCord Pte Ltd is an Approved Institution(AI) under the Baby Bonus Scheme.

As such, you will be able to use your Baby Bonus to pay for all your cord blood banking fees i.e. Enrolment Fee & Annual Storage Fee.

Eligibility Criteria

  • The child is a Singapore Citizen
  • The child is born on or after 17 August 2008
  • Parents of the child are lawfully married

Child Development Account First Step and Government Contribution Caps

Birth Order Components of CDA
First Step Grant
(no initial deposit from
parents required)

Maximum Government

Total CDA
1st Child $3,000 Up to $3,000 Up to $6,000
2nd Child ENHANCED from 2021
Up to $6,000
(was $3,000)
ENHANCED from 2021
Up to $9,000
(was $6,000)
3rd Child Up to $9,000 Up to $12,000
4th Child
5th and Subsequent Child Up to $15,000 Up to $18,000

The first step grant is automatically deposited after the CDA is opened.
The Government will match dollar for dollar when parents save in the CDA, up to the respective amounts stated in the table.

How to Set Up CDA?

Step 1: Baby Bonus

Go to the Baby Bonus website to check your eligibility.


Step 2: Register

After the birth of your newborn, register the child’s birth.

Step 3: Apply

Apply for a CDA account through an online form available on the various platforms (Baby Bonus MSF Website, Hospital, LifeSG App).

Step 4: Open Your Account

Choose a bank (OCBC, DBS/POSB or UOB) to open your Child Development Account.

Step 4: Submit Form to StemCord

Once the CDA has been set up, complete the CDA Giro Application Form along with the Billing Authorisation Letter and submit the original signed form to StemCord.

Frequently Asked Questions

How do I get started if I want to use funds in the CDA for StemCord Cord Banking Services?

  • Upon enrolment, inform us that you wish to use your CDA to pay for your Cord Blood Banking fees.
  • Following the birth of your child, StemCord will send a copy of the Giro Application Form (DBS/POSB, UOB & OCBC) along with Billing Instruction Authorisation Letter to your mailing address. Alternatively, you can also download and print out the Forms here.
  • Fill up the CDA InterBank GIRO Form. Submit the Form (original, not photocopy) either via post or in person at any of our offices, together with a copy of your child’s Birth Certificate within 1 (one) month after child’s birth.
  • The managing bank will take at least 2 months to process upon receiving the completed Form.

Do I need to pay before my application for interbank GIRO is approved by the bank?

No. We will require a credit card payment authorisation upon enrolment until the bank has approved your interbank GIRO application. In the event that your application is not approved by the bank two (2) months from the actual delivery date, we will bill all fees payable to StemCord to the credit card provided.

What if I am using my child’s CDA to pay for his/her sibling’s cord banking service?

If you are using your child’s CDA to pay for his/her sibling’s cord blood banking service, please provide the birth certificate of his/her sibling for verification.

Do I need to submit the interbank GIRO form again if I want to use the CDA of a different child for StemCord Cord Blood Banking Service?

Yes, you need to submit the interbank GIRO form if you want to use the CDA of a different child for Cord Banking Service.

Is there a limit on the amount which can be deducted from the CDA for the payment of Cord Blood Banking services?

There is no restriction on the amount that can be deducted from the CDA for StemCord’s Cord Blood Banking services.

Can I use my Baby Bonus Card issued by the CDA Bank to make payment at StemCord?

Yes. You can visit our office during operating hours at Gleneagles Medical Centre or Mount Elizabeth Novena Hospital and pay via NETS using the Baby Bonus Card issued by your CDA Bank. Kindly note that there is a daily limit to the CDA Nets card that has been set by the managing bank.

What do I need to do if I wish to terminate my interbank GIRO for CDA with StemCord?

If you wish to terminate the interbank GIRO for CDA with StemCord, please email your termination request to and our billing consultant will assist you.

What happens if I terminate my child's cord blood service with StemCord but have pre-paid the annual storage using CDA?

The pro-rated amount will be refunded into your child’s CDA.

Want to find out more?

Call us at (65) 6471 2002 or fill in our Contact Form to arrange for a meeting or chat.

Our Client Relations Executive can arrange for a non-obligatory meeting to provide you with more information and answer any questions you may have.

24 Hour Hotline (65) 6471 2002
24 Hour Hotline (65) 6471 2002
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