I have opened a SRS account with DBS since 3 December 2014. It has served me well by reducing the amount of tax being paid, although I'm not in the high tax bracket anyway.
This year, I have decided to participate in their promotion, which allows one to receive S$50 when one contributes to one's SRS account.
Although I don't really need to contribute the maximum limit in order to get into the tax bracket of my preference, I still contribute the amount anyway, as the ideal limit is not very far away from the maximum limit.
For those interested, you may visit this website to get more details:
https://www.dbs.com.sg/personal/promotion/srs-promo
Do note that the promotion is only applicable to the first 2000 customers. So act fast.
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