Is the security deposit refundable after my Student's Pass (STP) is cancelled or has expired?
Your security deposit is refundable provided that you have not breached any of the conditions stated in the security bond which you have executed; and after ICA confirms your departure from Singapore.
ICA will issue a discharge letter to the bank upon your departure from Singapore. You may make prior arrangement with the bank for overseas transfer to your foreign bank account.
Generally, it takes about six weeks to process the security deposit refund upon the cancellation or expiry of your Student's Pass.
This information is sourced from ICA
Related questions
What should I do when my Student's Pass expires?
How can I extend my stay upon the expiry of my STP (e.g. waiting for my exam results, etc.)?
Will my Student's Pass be cancelled if I departed Singapore for 3 months?
Can I return the replacement pass and use my old card if I found my lost valid Student's Pass card?
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