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Good news for employees of DBS and POSB, who were surprised with an early credit of their February salaries yesterday (Feb 4), in the spirit of celebrating the Lunar New Year.
According to DBS, this gesture was to take care of their employees’ deposit needs on Li Chun, considered the beginning of spring, as an auspicious day on the Chinese calendar. It is believed that depositing money on the day can help wealth grow and ensure good luck.
Over the last few years, long queues have been observed outside banks and at ATMs on that day as Singaporeans take to the practice of making cash deposits to their bank accounts on Li Chun.
Theresa Phua, Singapore head of human resources at DBS Bank said: “Over the last few years, we have credited salaries earlier during the Lunar New Year period to help our employees enjoy the festivities of the season even more.
“This year, we have received feedback that the salary crediting on Li Chun has pleasantly surprised and delighted many employees.”
The bank also distributed a pair of mandarin oranges to all employees in Singapore and holds exclusive Lunar New Year bazaars with festive goods and gifts in celebration of the festive season.