Baby Bonus

Hi Mommies. Just wanna ask. When you applied for the baby bonus, is it a must to open a bank account and deposit of 3k? Thanks in advance.

Ann Kumar

expecting mom

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When u open CDA account, govt will top up 3k for u. When u put in 3k, govt will match your contribution and put another 3k to tbe account. I.e. total 9k in the account. Not a must to put in the 3k but its free money, where else can u get a 100% return on investment?

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