The Singapore Deposit Insurance Corporation (SDIC) administers the Deposit Insurance Scheme in Singapore (Scheme).  SDIC is a company limited by guarantee under the Companies Act.  The board of directors is accountable to the Minister in charge of the Monetary Authority of Singapore (MAS).

The main functions of SDIC are to collect premium contributions from Scheme members, manage the Deposit Insurance Fund, compensate insured depositors and educate the public on the Scheme.