How much security deposit is required upon approval of student pass application?

Upon approval of the student pass application, an In-Principle Approval (IPA) letter will be issued to the applicant. The security deposit, if required, would be indicated in the IPA letter to the applicant. For Indian people rate per person and form of security deposit is S$5,000 in the form of a Banker’s Guarantee from any established banks in Singapore or Casher’s Order