Based on January 1, 1877 as the Post Office Savings Bank (POSB), the bank was part of the Postal Services Department in the Straits Settlements and was established by the colonial government to supply banking services for lower-income citizens.Headquartered in the General Post Office Building, in Raffles Location, the bank was under the jurisdiction of the Postmaster-General, with bank policies supervised by a group of trustees appointed by the Governor of the Straits Settlement. From 1877 to 1940, the bank had a consistent growth of accounts opened increasing from 211 to 57,000 while total deposits increased from 19,862 to 14.3 million Straits dollars during the very same duration.
Founded on January 1, 1877 as the Post Office Savings Bank (POSB), the bank belonged to the Postal Provider Department in the Straits Settlements and was established by the colonial federal government to offer banking services for lower-income citizens.Headquartered in the General Post Office Structure, in Raffles Place, the bank was under the jurisdiction of the Postmaster-General, with bank policies supervised by a group of trustees appointed by the Guv of the Straits Settlement. From 1877 to 1940, the bank had a steady development of accounts opened increasing from 211 to 57,000 while total deposits increased from 19,862 to 14.3 million Straits dollars throughout the very same period.
Founded on January 1, 1877 as the Post Office Savings Bank (POSB), the bank was part of the Postal Solutions Department in the Straits Settlements and was set up by the colonial federal government to provide banking services for lower-income citizens.Following the end of World War II and the dissolvement of the Straits Settlement, the 1948 Cost savings Bank Ordinance came into effect and in 1949, POSB was separated from the other post workplace cost savings banks in Malaya, with the bank’s liabilities and possessions split in between Singapore and the Federated Malay States. After the separation from 1949 to 1955, total deposits of the bank increased from M$ 27.4 million to M$ 57.6 million and in 1951, the bank had its 100,000 th depositor.
Established on January 1, 1877 as the Post Workplace Cost savings Bank (POSB), the bank was part of the Postal Solutions Department in the Straits Settlements and was set up by the colonial government to provide banking services for lower-income citizens.Following the end of World War II and the dissolvement of the Straits Settlement, the 1948 Savings Bank Ordinance came into result and in 1949, POSB was separated from the other post office savings banks in Malaya, with the bank’s liabilities and assets divided between Singapore and the Federated Malay States. After the separation from 1949 to 1955, total deposits of the bank increased from M$ 27.4 million to M$ 57.6 million and in 1951, the bank had its 100,000 th depositor.
POSB Bank (or just known as POSB) is a Singaporean bank offering customer banking services and is the oldest bank in continuous operation in Singapore. Established on January 1, 1877 as the Post Office Savings Bank, the bank now operates as part of DBS Bank, which obtained the organization and its subsidiaries on November 16, 1998.
Prior to its acquisition, the bank was a significant public bank offering low-cost banking services to Singaporeans. DBS Bank tries to continue this tradition by promising to keep costs low for fundamental savings accounts, and to exempt children, full-time students listed below the age of 21 years and full-time National Troop from bank charges.
Based on January 1, 1877 as the Post Office Savings Bank (POSB), the bank became part of the Postal Provider Department in the Straits Settlements and was set up by the colonial federal government to supply banking services for lower-income citizens.Headquartered in the General Post Office Building, in Raffles Place, the bank was under the jurisdiction of the Postmaster-General, with bank policies supervised by a group of trustees selected by the Governor of the Straits Settlement. From 1877 to 1940, the bank had a consistent growth of accounts opened increasing from 211 to 57,000 while overall deposits increased from 19,862 to 14.3 million Straits dollars during the exact same duration.
Founded on January 1, 1877 as the Post Office Savings Bank (POSB), the bank belonged to the Postal Provider Department in the Straits Settlements and was established by the colonial government to supply banking services for lower-income citizens.Headquartered in the General Post Office Structure, in Raffles Place, the bank was under the jurisdiction of the Postmaster-General, with bank policies managed by a group of trustees selected by the Guv of the Straits Settlement. From 1877 to 1940, the bank had a stable development of accounts opened increasing from 211 to 57,000 while overall deposits increased from 19,862 to 14.3 million Straits dollars throughout the very same period.
Based on January 1, 1877 as the Post Office Savings Bank (POSB), the bank was part of the Postal Services Department in the Straits Settlements and was set up by the colonial government to offer banking services for lower-income citizens.Headquartered in the General Post Office Structure, in Raffles Location, the bank was under the jurisdiction of the Postmaster-General, with bank policies supervised by a group of trustees designated by the Governor of the Straits Settlement. From 1877 to 1940, the bank had a stable growth of accounts opened increasing from 211 to 57,000 while total deposits increased from 19,862 to 14.3 million Straits dollars throughout the very same duration.
Founded on January 1, 1877 as the Post Office Savings Bank (POSB), the bank belonged to the Postal Services Department in the Straits Settlements and was set up by the colonial federal government to supply banking services for lower-income citizens.Headquartered in the General Post Office Building, in Raffles Place, the bank was under the jurisdiction of the Postmaster-General, with bank policies overseen by a group of trustees designated by the Governor of the Straits Settlement. From 1877 to 1940, the bank had a steady development of accounts opened increasing from 211 to 57,000 while total deposits increased from 19,862 to 14.3 million Straits dollars during the same period.
POSB Bank (or just called POSB) is a Singaporean bank offering consumer banking services and is the earliest bank in continuous operation in Singapore. Established on January 1, 1877 as the Post Office Savings Bank, the bank now operates as part of DBS Bank, which obtained the organization and its subsidiaries on November 16, 1998.
Prior to its acquisition, the bank was a major public bank offering affordable banking services to Singaporeans. DBS Bank attempts to continue this tradition by assuring to keep costs low for standard savings accounts, and to exempt kids, full-time trainees listed below the age of 21 years and full-time National Servicemen from bank charges.
Founded on January 1, 1877 as the Post Office Cost savings Bank (POSB), the bank was part of the Postal Solutions Department in the Straits Settlements and was set up by the colonial government to supply banking services for lower-income citizens.Following the end of World War II and the dissolvement of the Straits Settlement, the 1948 Savings Bank Regulation came into effect and in 1949, POSB was separated from the other post office cost savings banks in Malaya, with the bank’s liabilities and possessions split in between Singapore and the Federated Malay States. After the separation from 1949 to 1955, total deposits of the bank increased from M$ 27.4 million to M$ 57.6 million and in 1951, the bank had its 100,000 th depositor.
POSB Bank (or merely known as POSB) is a Singaporean bank offering customer banking services and is the earliest bank in continuous operation in Singapore. Developed on January 1, 1877 as the Post Office Savings Bank, the bank now operates as part of DBS Bank, which acquired the organization and its subsidiaries on November 16, 1998.
Prior to its acquisition, the bank was a significant public bank offering inexpensive banking services to Singaporeans. DBS Bank attempts to continue this tradition by promising to keep costs low for basic savings accounts, and to exempt children, full-time students listed below the age of 21 years and full-time National Servicemen from bank charges.
Based on January 1, 1877 as the Post Office Savings Bank (POSB), the bank became part of the Postal Solutions Department in the Straits Settlements and was established by the colonial government to supply banking services for lower-income citizens.Headquartered in the General Post Office Building, in Raffles Place, the bank was under the jurisdiction of the Postmaster-General, with bank policies supervised by a group of trustees designated by the Guv of the Straits Settlement. From 1877 to 1940, the bank had a consistent growth of accounts opened increasing from 211 to 57,000 while total deposits increased from 19,862 to 14.3 million Straits dollars during the exact same duration.
POSB Bank (or simply referred to as POSB) is a Singaporean bank offering consumer banking services and is the oldest bank in constant operation in Singapore. Established on January 1, 1877 as the Post Office Savings Bank, the bank now runs as part of DBS Bank, which obtained the institution and its subsidiaries on November 16, 1998.
Prior to its acquisition, the bank was a major public bank offering low-priced banking services to Singaporeans. DBS Bank tries to continue this custom by guaranteeing to keep expenses low for standard savings accounts, and to exempt kids, full-time trainees listed below the age of 21 years and full-time National Troop from bank charges.
Founded on January 1, 1877 as the Post Office Savings Bank (POSB), the bank became part of the Postal Provider Department in the Straits Settlements and was set up by the colonial government to offer banking services for lower-income citizens.Headquartered in the General Post Office Building, in Raffles Place, the bank was under the jurisdiction of the Postmaster-General, with bank policies supervised by a group of trustees designated by the Governor of the Straits Settlement. From 1877 to 1940, the bank had a consistent growth of accounts opened increasing from 211 to 57,000 while total deposits increased from 19,862 to 14.3 million Straits dollars throughout the very same period.
Founded on January 1, 1877 as the Post Office Savings Bank (POSB), the bank belonged to the Postal Solutions Department in the Straits Settlements and was set up by the colonial government to offer banking services for lower-income citizens.Following the end of The second world war and the dissolvement of the Straits Settlement, the 1948 Savings Bank Regulation came into effect and in 1949, POSB was separated from the other post office savings banks in Malaya, with the bank’s liabilities and possessions split in between Singapore and the Federated Malay States. [4] After the separation from 1949 to 1955, total deposits of the bank increased from M$ 27.4 million to M$ 57.6 million and in 1951, the bank had its 100,000 th depositor.
Based on January 1, 1877 as the Post Office Savings Bank (POSB), the bank belonged to the Postal Provider Department in the Straits Settlements and was set up by the colonial federal government to supply banking services for lower-income citizens.Headquartered in the General Post Office Building, in Raffles Location, the bank was under the jurisdiction of the Postmaster-General, with bank policies supervised by a group of trustees appointed by the Guv of the Straits Settlement. From 1877 to 1940, the bank had a stable development of accounts opened increasing from 211 to 57,000 while total deposits increased from 19,862 to 14.3 million Straits dollars during the exact same period.
Founded on January 1, 1877 as the Post Office Savings Bank (POSB), the bank was part of the Postal Services Department in the Straits Settlements and was set up by the colonial government to provide banking services for lower-income citizens.Headquartered in the General Post Office Building, in Raffles Place, the bank was under the jurisdiction of the Postmaster-General, with bank policies supervised by a group of trustees appointed by the Governor of the Straits Settlement. From 1877 to 1940, the bank had a steady growth of accounts opened increasing from 211 to 57,000 while overall deposits increased from 19,862 to 14.3 million Straits dollars throughout the same period.
Established on January 1, 1877 as the Post Workplace Savings Bank (POSB), the bank was part of the Postal Provider Department in the Straits Settlements and was set up by the colonial federal government to provide banking services for lower-income citizens.Following the end of World War II and the dissolvement of the Straits Settlement, the 1948 Savings Bank Ordinance came into effect and in 1949, POSB was separated from the other post workplace savings banks in Malaya, with the bank’s properties and liabilities divided in between Singapore and the Federated Malay States. After the separation from 1949 to 1955, total deposits of the bank increased from M$ 27.4 million to M$ 57.6 million and in 1951, the bank had its 100,000 th depositor.
POSB Bank (or simply known as POSB) is a Singaporean bank offering customer banking services and is the earliest bank in constant operation in Singapore. Established on January 1, 1877 as the Post Office Savings Bank, the bank now runs as part of DBS Bank, which acquired the organization and its subsidiaries on November 16, 1998.
Prior to its acquisition, the bank was a major public bank offering low-priced banking services to Singaporeans. DBS Bank tries to continue this tradition by promising to keep expenses low for basic savings accounts, and to exempt children, full-time trainees below the age of 21 years and full-time National Servicemen from bank charges.
Based on January 1, 1877 as the Post Office Savings Bank (POSB), the bank became part of the Postal Solutions Department in the Straits Settlements and was established by the colonial federal government to provide banking services for lower-income citizens.Following the end of The second world war and the dissolvement of the Straits Settlement, the 1948 Savings Bank Regulation entered effect and in 1949, POSB was separated from the other post office savings banks in Malaya, with the bank’s liabilities and properties split between Singapore and the Federated Malay States. [4] After the separation from 1949 to 1955, overall deposits of the bank increased from M$ 27.4 million to M$ 57.6 million and in 1951, the bank had its 100,000 th depositor.
Based on January 1, 1877 as the Post Office Savings Bank (POSB), the bank was part of the Postal Solutions Department in the Straits Settlements and was established by the colonial government to supply banking services for lower-income citizens.Headquartered in the General Post Office Structure, in Raffles Place, the bank was under the jurisdiction of the Postmaster-General, with bank policies supervised by a group of trustees appointed by the Guv of the Straits Settlement. From 1877 to 1940, the bank had a steady development of accounts opened increasing from 211 to 57,000 while total deposits increased from 19,862 to 14.3 million Straits dollars during the same period.
POSB Bank (or merely called POSB) is a Singaporean bank offering customer banking services and is the oldest bank in continuous operation in Singapore. Developed on January 1, 1877 as the Post Office Savings Bank, the bank now operates as part of DBS Bank, which acquired the institution and its subsidiaries on November 16, 1998.
Prior to its acquisition, the bank was a major public bank offering low-cost banking services to Singaporeans. DBS Bank tries to continue this tradition by promising to keep costs low for basic savings accounts, and to exempt children, full-time students below the age of 21 years and full-time National Servicemen from bank charges.
Founded on January 1, 1877 as the Post Office Savings Bank (POSB), the bank belonged to the Postal Provider Department in the Straits Settlements and was established by the colonial federal government to offer banking services for lower-income citizens.Headquartered in the General Post Office Structure, in Raffles Place, the bank was under the jurisdiction of the Postmaster-General, with bank policies managed by a group of trustees designated by the Governor of the Straits Settlement. From 1877 to 1940, the bank had a steady growth of accounts opened increasing from 211 to 57,000 while overall deposits increased from 19,862 to 14.3 million Straits dollars throughout the same duration.
Founded on January 1, 1877 as the Post Office Savings Bank (POSB), the bank was part of the Postal Solutions Department in the Straits Settlements and was set up by the colonial federal government to provide banking services for lower-income citizens.Headquartered in the General Post Office Structure, in Raffles Place, the bank was under the jurisdiction of the Postmaster-General, with bank policies supervised by a group of trustees selected by the Governor of the Straits Settlement. From 1877 to 1940, the bank had a constant growth of accounts opened increasing from 211 to 57,000 while total deposits increased from 19,862 to 14.3 million Straits dollars throughout the very same duration.
Based on January 1, 1877 as the Post Office Savings Bank (POSB), the bank belonged to the Postal Services Department in the Straits Settlements and was set up by the colonial federal government to provide banking services for lower-income citizens.Headquartered in the General Post Office Structure, in Raffles Location, the bank was under the jurisdiction of the Postmaster-General, with bank policies overseen by a group of trustees selected by the Guv of the Straits Settlement. From 1877 to 1940, the bank had a stable development of accounts opened increasing from 211 to 57,000 while total deposits increased from 19,862 to 14.3 million Straits dollars during the very same period.
Based on January 1, 1877 as the Post Office Savings Bank (POSB), the bank belonged to the Postal Solutions Department in the Straits Settlements and was set up by the colonial federal government to supply banking services for lower-income citizens.Headquartered in the General Post Office Building, in Raffles Place, the bank was under the jurisdiction of the Postmaster-General, with bank policies managed by a group of trustees designated by the Governor of the Straits Settlement. From 1877 to 1940, the bank had a constant growth of accounts opened increasing from 211 to 57,000 while total deposits increased from 19,862 to 14.3 million Straits dollars throughout the very same duration.
Founded on January 1, 1877 as the Post Office Savings Bank (POSB), the bank became part of the Postal Services Department in the Straits Settlements and was established by the colonial government to supply banking services for lower-income citizens.Headquartered in the General Post Office Structure, in Raffles Place, the bank was under the jurisdiction of the Postmaster-General, with bank policies managed by a group of trustees designated by the Governor of the Straits Settlement. From 1877 to 1940, the bank had a stable development of accounts opened increasing from 211 to 57,000 while total deposits increased from 19,862 to 14.3 million Straits dollars during the very same period.
POSB Bank (or just referred to as POSB) is a Singaporean bank offering consumer banking services and is the earliest bank in continuous operation in Singapore. Established on January 1, 1877 as the Post Office Savings Bank, the bank now operates as part of DBS Bank, which acquired the institution and its subsidiaries on November 16, 1998.
Prior to its acquisition, the bank was a major public bank offering inexpensive banking services to Singaporeans. DBS Bank attempts to continue this tradition by assuring to keep expenses low for fundamental savings accounts, and to exempt kids, full-time trainees below the age of 21 years and full-time National Servicemen from bank charges.
Based on January 1, 1877 as the Post Office Savings Bank (POSB), the bank belonged to the Postal Provider Department in the Straits Settlements and was set up by the colonial government to provide banking services for lower-income citizens.Headquartered in the General Post Office Building, in Raffles Place, the bank was under the jurisdiction of the Postmaster-General, with bank policies managed by a group of trustees designated by the Guv of the Straits Settlement. From 1877 to 1940, the bank had a steady growth of accounts opened increasing from 211 to 57,000 while total deposits increased from 19,862 to 14.3 million Straits dollars during the very same period.
Founded on January 1, 1877 as the Post Workplace Cost savings Bank (POSB), the bank was part of the Postal Solutions Department in the Straits Settlements and was set up by the colonial federal government to provide banking services for lower-income citizens.Following the end of World War II and the dissolvement of the Straits Settlement, the 1948 Cost savings Bank Regulation came into result and in 1949, POSB was separated from the other post office savings banks in Malaya, with the bank’s possessions and liabilities split between Singapore and the Federated Malay States. After the separation from 1949 to 1955, overall deposits of the bank increased from M$ 27.4 million to M$ 57.6 million and in 1951, the bank had its 100,000 th depositor.
Founded on January 1, 1877 as the Post Workplace Cost savings Bank (POSB), the bank was part of the Postal Provider Department in the Straits Settlements and was set up by the colonial federal government to provide banking services for lower-income citizens.Following the end of World War II and the dissolvement of the Straits Settlement, the 1948 Savings Bank Regulation came into effect and in 1949, POSB was separated from the other post office savings banks in Malaya, with the bank’s liabilities and properties split between Singapore and the Federated Malay States. After the separation from 1949 to 1955, overall deposits of the bank increased from M$ 27.4 million to M$ 57.6 million and in 1951, the bank had its 100,000 th depositor.
POSB Bank (or simply called POSB) is a Singaporean bank offering consumer banking services and is the earliest bank in constant operation in Singapore. Established on January 1, 1877 as the Post Office Savings Bank, the bank now operates as part of DBS Bank, which acquired the institution and its subsidiaries on November 16, 1998.
Prior to its acquisition, the bank was a significant public bank offering affordable banking services to Singaporeans. DBS Bank attempts to continue this tradition by promising to keep expenses low for standard savings accounts, and to exempt kids, full-time trainees listed below the age of 21 years and full-time National Troop from bank charges.
POSB Bank (or simply known as POSB) is a Singaporean bank offering consumer banking services and is the oldest bank in constant operation in Singapore. Developed on January 1, 1877 as the Post Office Savings Bank, the bank now runs as part of DBS Bank, which obtained the institution and its subsidiaries on November 16, 1998.
Prior to its acquisition, the bank was a significant public bank offering low-cost banking services to Singaporeans. DBS Bank attempts to continue this custom by assuring to keep costs low for basic savings accounts, and to exempt kids, full-time students below the age of 21 years and full-time National Servicemen from bank charges.
POSB Bank (or merely referred to as POSB) is a Singaporean bank offering consumer banking services and is the oldest bank in constant operation in Singapore. Developed on January 1, 1877 as the Post Office Savings Bank, the bank now runs as part of DBS Bank, which obtained the institution and its subsidiaries on November 16, 1998.
Prior to its acquisition, the bank was a significant public bank offering low-priced banking services to Singaporeans. DBS Bank tries to continue this tradition by assuring to keep costs low for basic savings accounts, and to exempt kids, full-time trainees below the age of 21 years and full-time National Troop from bank charges.
Founded on January 1, 1877 as the Post Office Savings Bank (POSB), the bank became part of the Postal Solutions Department in the Straits Settlements and was established by the colonial government to offer banking services for lower-income citizens.Headquartered in the General Post Office Structure, in Raffles Location, the bank was under the jurisdiction of the Postmaster-General, with bank policies managed by a group of trustees designated by the Governor of the Straits Settlement. From 1877 to 1940, the bank had a steady development of accounts opened increasing from 211 to 57,000 while total deposits increased from 19,862 to 14.3 million Straits dollars throughout the very same duration.
Founded on January 1, 1877 as the Post Office Savings Bank (POSB), the bank became part of the Postal Services Department in the Straits Settlements and was set up by the colonial government to provide banking services for lower-income citizens.Following completion of The second world war and the dissolvement of the Straits Settlement, the 1948 Savings Bank Regulation entered into impact and in 1949, POSB was separated from the other post office savings banks in Malaya, with the bank’s properties and liabilities divided in between Singapore and the Federated Malay States. [4] After the separation from 1949 to 1955, overall deposits of the bank increased from M$ 27.4 million to M$ 57.6 million and in 1951, the bank had its 100,000 th depositor.
POSB Bank (or simply known as POSB) is a Singaporean bank offering customer banking services and is the oldest bank in constant operation in Singapore. Established on January 1, 1877 as the Post Office Savings Bank, the bank now runs as part of DBS Bank, which obtained the institution and its subsidiaries on November 16, 1998.
Prior to its acquisition, the bank was a significant public bank offering inexpensive banking services to Singaporeans. DBS Bank tries to continue this tradition by assuring to keep expenses low for basic savings accounts, and to exempt children, full-time trainees listed below the age of 21 years and full-time National Servicemen from bank charges.
Based on January 1, 1877 as the Post Office Savings Bank (POSB), the bank was part of the Postal Solutions Department in the Straits Settlements and was established by the colonial federal government to supply banking services for lower-income citizens.Headquartered in the General Post Office Building, in Raffles Place, the bank was under the jurisdiction of the Postmaster-General, with bank policies managed by a group of trustees designated by the Guv of the Straits Settlement. From 1877 to 1940, the bank had a constant development of accounts opened increasing from 211 to 57,000 while overall deposits increased from 19,862 to 14.3 million Straits dollars throughout the same duration.
Based on January 1, 1877 as the Post Office Savings Bank (POSB), the bank became part of the Postal Services Department in the Straits Settlements and was established by the colonial federal government to offer banking services for lower-income citizens.Headquartered in the General Post Office Structure, in Raffles Location, the bank was under the jurisdiction of the Postmaster-General, with bank policies managed by a group of trustees designated by the Governor of the Straits Settlement. From 1877 to 1940, the bank had a constant growth of accounts opened increasing from 211 to 57,000 while overall deposits increased from 19,862 to 14.3 million Straits dollars throughout the same period.
Founded on January 1, 1877 as the Post Office Savings Bank (POSB), the bank belonged to the Postal Solutions Department in the Straits Settlements and was established by the colonial federal government to provide banking services for lower-income citizens.Headquartered in the General Post Office Structure, in Raffles Location, the bank was under the jurisdiction of the Postmaster-General, with bank policies managed by a group of trustees designated by the Guv of the Straits Settlement. From 1877 to 1940, the bank had a consistent development of accounts opened increasing from 211 to 57,000 while total deposits increased from 19,862 to 14.3 million Straits dollars throughout the same period.
POSB Bank (or just referred to as POSB) is a Singaporean bank offering consumer banking services and is the earliest bank in continuous operation in Singapore. Developed on January 1, 1877 as the Post Office Savings Bank, the bank now operates as part of DBS Bank, which got the organization and its subsidiaries on November 16, 1998.
Prior to its acquisition, the bank was a major public bank offering affordable banking services to Singaporeans. DBS Bank attempts to continue this custom by guaranteeing to keep costs low for standard savings accounts, and to exempt kids, full-time trainees listed below the age of 21 years and full-time National Troop from bank charges.
POSB Bank (or just referred to as POSB) is a Singaporean bank offering consumer banking services and is the earliest bank in constant operation in Singapore. Developed on January 1, 1877 as the Post Office Savings Bank, the bank now runs as part of DBS Bank, which acquired the organization and its subsidiaries on November 16, 1998.
Prior to its acquisition, the bank was a major public bank offering affordable banking services to Singaporeans. DBS Bank attempts to continue this tradition by promising to keep expenses low for standard savings accounts, and to exempt kids, full-time trainees listed below the age of 21 years and full-time National Servicemen from bank charges.
POSB Bank (or simply called POSB) is a Singaporean bank offering consumer banking services and is the earliest bank in continuous operation in Singapore. Developed on January 1, 1877 as the Post Office Savings Bank, the bank now runs as part of DBS Bank, which acquired the institution and its subsidiaries on November 16, 1998.
Prior to its acquisition, the bank was a major public bank offering low-priced banking services to Singaporeans. DBS Bank attempts to continue this custom by assuring to keep expenses low for basic savings accounts, and to exempt kids, full-time students below the age of 21 years and full-time National Servicemen from bank charges.
Based on January 1, 1877 as the Post Office Savings Bank (POSB), the bank belonged to the Postal Services Department in the Straits Settlements and was set up by the colonial federal government to provide banking services for lower-income citizens.Headquartered in the General Post Office Structure, in Raffles Location, the bank was under the jurisdiction of the Postmaster-General, with bank policies supervised by a group of trustees selected by the Governor of the Straits Settlement. From 1877 to 1940, the bank had a steady development of accounts opened increasing from 211 to 57,000 while overall deposits increased from 19,862 to 14.3 million Straits dollars throughout the very same duration.
POSB Bank (or merely known as POSB) is a Singaporean bank offering customer banking services and is the oldest bank in constant operation in Singapore. Established on January 1, 1877 as the Post Office Savings Bank, the bank now runs as part of DBS Bank, which obtained the organization and its subsidiaries on November 16, 1998.
Prior to its acquisition, the bank was a significant public bank offering low-priced banking services to Singaporeans. DBS Bank tries to continue this tradition by guaranteeing to keep expenses low for basic savings accounts, and to exempt children, full-time students below the age of 21 years and full-time National Servicemen from bank charges.
Founded on January 1, 1877 as the Post Office Savings Bank (POSB), the bank became part of the Postal Services Department in the Straits Settlements and was set up by the colonial government to offer banking services for lower-income citizens.Headquartered in the General Post Office Structure, in Raffles Location, the bank was under the jurisdiction of the Postmaster-General, with bank policies managed by a group of trustees designated by the Governor of the Straits Settlement. From 1877 to 1940, the bank had a constant growth of accounts opened increasing from 211 to 57,000 while overall deposits increased from 19,862 to 14.3 million Straits dollars throughout the very same period.
POSB Bank (or just called POSB) is a Singaporean bank offering customer banking services and is the oldest bank in continuous operation in Singapore. Established on January 1, 1877 as the Post Office Savings Bank, the bank now operates as part of DBS Bank, which obtained the organization and its subsidiaries on November 16, 1998.
Prior to its acquisition, the bank was a significant public bank offering inexpensive banking services to Singaporeans. DBS Bank tries to continue this custom by promising to keep costs low for fundamental savings accounts, and to exempt children, full-time trainees below the age of 21 years and full-time National Servicemen from bank charges.
Founded on January 1, 1877 as the Post Office Savings Bank (POSB), the bank was part of the Postal Services Department in the Straits Settlements and was set up by the colonial federal government to offer banking services for lower-income citizens.Headquartered in the General Post Office Structure, in Raffles Place, the bank was under the jurisdiction of the Postmaster-General, with bank policies supervised by a group of trustees selected by the Governor of the Straits Settlement. From 1877 to 1940, the bank had a consistent growth of accounts opened increasing from 211 to 57,000 while overall deposits increased from 19,862 to 14.3 million Straits dollars during the very same period.
Based on January 1, 1877 as the Post Office Savings Bank (POSB), the bank became part of the Postal Solutions Department in the Straits Settlements and was set up by the colonial government to supply banking services for lower-income citizens.Headquartered in the General Post Office Building, in Raffles Place, the bank was under the jurisdiction of the Postmaster-General, with bank policies supervised by a group of trustees appointed by the Governor of the Straits Settlement. From 1877 to 1940, the bank had a steady development of accounts opened increasing from 211 to 57,000 while overall deposits increased from 19,862 to 14.3 million Straits dollars during the very same duration.
Founded on January 1, 1877 as the Post Office Savings Bank (POSB), the bank was part of the Postal Solutions Department in the Straits Settlements and was set up by the colonial federal government to offer banking services for lower-income citizens.Following the end of World War II and the dissolvement of the Straits Settlement, the 1948 Cost savings Bank Ordinance came into result and in 1949, POSB was separated from the other post workplace savings banks in Malaya, with the bank’s properties and liabilities divided in between Singapore and the Federated Malay States. After the separation from 1949 to 1955, overall deposits of the bank increased from M$ 27.4 million to M$ 57.6 million and in 1951, the bank had its 100,000 th depositor.
POSB Bank (or simply referred to as POSB) is a Singaporean bank offering customer banking services and is the oldest bank in continuous operation in Singapore. Developed on January 1, 1877 as the Post Office Savings Bank, the bank now operates as part of DBS Bank, which got the institution and its subsidiaries on November 16, 1998.
Prior to its acquisition, the bank was a significant public bank offering low-priced banking services to Singaporeans. DBS Bank attempts to continue this custom by guaranteeing to keep expenses low for fundamental savings accounts, and to exempt children, full-time students listed below the age of 21 years and full-time National Servicemen from bank charges.
Founded on January 1, 1877 as the Post Office Savings Bank (POSB), the bank became part of the Postal Services Department in the Straits Settlements and was established by the colonial federal government to supply banking services for lower-income citizens.Headquartered in the General Post Office Building, in Raffles Location, the bank was under the jurisdiction of the Postmaster-General, with bank policies managed by a group of trustees designated by the Guv of the Straits Settlement. From 1877 to 1940, the bank had a constant development of accounts opened increasing from 211 to 57,000 while total deposits increased from 19,862 to 14.3 million Straits dollars throughout the very same duration.