How much security deposit is required from the local sponsor upon approval of student pass application for Indians?
A security deposit may be required from local sponsor upon approval of student pass. For Indians it is approximately S$1,500 in the form of a Banker’s Guarantee from any established banks in Singapore or Cashier’s Order or NETS Exemption from the security deposit requirement may be granted to: Malaysians / Brunei nationals Holders of valid Dependent’s Pass, long term social visit pass and work pass Children of Singapore Citizens / Permanent Residents Foreign students who study in kindergartens registered with Ministry of Education / Childcare centres licensed by MCYS Foreign students who attend a full-time course at an approved private education organization that is awarded Singapore Quality Class for Private Education Organisation, or SQC(PEO), by SPRING, Singapore Foreign students who pursue a full-time university degree (Graduate / Post-Graduate) programme at an approved private education organization.
