Check Edusave Balance: The Ultimate Guide for Students

What is Edusave?

Edusave is a national savings scheme in Singapore that provides financial assistance to students in primary and secondary schools. The scheme aims to encourage students to save and plan for their future education.

Benefits of Edusave

• Financial assistance: Edusave provides financial assistance to students to help them purchase textbooks, uniforms, and other school-related expenses.
• Encourages saving: The scheme encourages students to save their money and develop good financial habits.
• Incentives for saving: Students who save regularly with Edusave receive matching grants from the government.

How to Check Edusave Balance

There are several ways to check your Edusave balance:

1. Online through Eduportal

• Log in to the Eduportal website (www.eduportal.moe.edu.sg) using your SingPass.
• Click on the "Edusave" tab.
• Your Edusave balance will be displayed on the screen.

2. Mobile App

• Download the EduPortal@SG mobile app from the App Store or Google Play.
• Log in to the app using your SingPass.
• Tap on the "Edusave" icon.
• Your Edusave balance will be displayed on the screen.

3. SMS

• Send an SMS to 8823 with the following message: EDUSAVE
• You will receive an SMS reply with your Edusave balance.

4. EduSave Passbook

• If you have a physical EduSave passbook, you can check your balance by visiting any POSB or DBS bank branch.

5. Contact POSB/DBS

• You can call POSB or DBS customer service at 1800-222-2121 or 1800-339-6666, respectively.

Edusave Contribution Limits

The maximum amount that you can contribute to Edusave each year is:

• $360 for primary school students
• $480 for secondary school students

Matching Grants

The government provides matching grants to students who save regularly with Edusave. The matching grant rate is 100% for the first $120 contributed each year, and 50% for the next $120 contributed.

Table 1: Edusave Contribution Limits and Matching Grants

How to Withdraw Edusave Funds

You can withdraw Edusave funds for education-related expenses, such as:

• Textbooks
• Uniforms
• School fees
• Tuition fees
• Examination fees

To withdraw Edusave funds:

1. Visit a POSB or DBS bank branch with your EduSave passbook.
2. Present your NRIC/FIN and passbook to the teller.
3. Complete a withdrawal form.
4. You will receive the cash in hand.

Table 2: Edusave Withdrawal Limits

Frequently Asked Questions

Q: Can I use Edusave funds to purchase a computer or laptop?

A: Yes, you can use Edusave funds to purchase a computer or laptop if it is for education purposes.

Q: Can I use Edusave funds to pay for private tuition?

A: No, you cannot use Edusave funds to pay for private tuition.

Q: What happens if I lose my EduSave passbook?

A: If you lose your EduSave passbook, you should report it to POSB or DBS immediately. They will issue you a new passbook.

Table 3: Contact Information for POSB and DBS

Conclusion

Edusave is a valuable savings scheme that provides financial assistance to students in primary and secondary schools. By checking your Edusave balance regularly, you can track your progress and make sure that you are maximizing the benefits of the scheme.