MAS launches online application for new batch of Singapore bicentennial S$20 notes

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MAS launches online application for new batch of Singapore bicentennial S$20 notes
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SINGAPORE: Online applications opened on Monday (Sep 16) for people who want to get the Singapore bicentennial S$20 notes. It is the second ...

Successful applicants will be notified by Nov 3, said MAS. They can then make an exchange for the notes at face value during a two-week period from early November.The application is open to Singapore citizens and permanent residents only, and each person can apply for up to 10 notes.

“If demand is very strong, MAS will try to allocate at least one note to every applicant in order to give all applicants an opportunity to obtain the note, with priority given to Pioneer and Merdeka Generation applicants,” said the central bank in a media release. “ applicants will be assured of obtaining the note during the exchange period and there is no need to rush to queue.”Long queues were seen at major banks on the first day of the launch, with many branches running out of the notes on the same day.

Demand for the notes prompted some sellers to offer them on online marketplaces such as Carousell and eBay, for as much as S$988.For the online application, each person will be required to indicate their NRIC/birth certificate number, as well as mobile number for verification and notification purposes.

Applicants will also need to select the number of notes to be exchanged, as well as their preferred bank and branch from any of the nine major retail banks:

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