Security Deposits

When the application for a Student's Pass is approved, an In-Principle Approval (IPA) letter will be issued for the applicant to complete the formalities and collect the Student's Pass card at ICA. The Security Deposit if required, would be indicated in the IPA letter to the applicant. Please click here for a copy of the Security Bond Form.

The amount of Security Deposit (if required) is listed in the table below:

Country	Form of Security Deposit	Rate per Person
Bangladesh, Myanmar, People's Republic of China & India	Banker's Guarantee from any established bank in Singapore or Cashier's Order	S$5,000.00
Indonesia, Philippines & Thailand	Banker's Guarantee from any established bank in Singapore or Cashier's Order or NETS	S$1,000.00
Others	Banker's Guarantee from any established bank in Singapore or Cashier's Order or NETS	S$1,500.00

*Await changes for bankers' guarantee

Applicants are not required to furnish a Security Deposit if they are:

Nationals from Malaysia and Brunei
Holders of valid Dependant's Pass, long term Visit Pass and work pass
Children/Spouse of Singapore Citizens/Permanent Residents
Foreign students who study in kindergartens registered with MOE/childcare centres licensed by MCYS
Foreign students who attend a full-time course at an approved PEO that is awarded the SQC(PEO) status by SPRING, Singapore
Foreign students who pursue a full-time university degree (Graduate/Post-Graduate) programme, except for the University of London (UOL) tuition programme, at an approved PEO
Below 16 years old at the point of application

*Source From ICA, Singapore

Please do not hesitate to contact us for more information today!