Queues form to deposit money on 'auspicious' Li Chun

SINGAPORE - Queues at banks to deposit money on the "auspicious" Li Chun day have formed again all over Singapore this year.

Scores of people can be seen queuing outside banks in Bedok Town Centre today (Feb 4), waiting to deposit money into their accounts, The Straits Times reported.

The scene is repeated elsewhere in housing estates and the CBD. There is a belief here that depositing money into a bank on Li Chun - which marks the start of spring in the Chinese calendar - can lead to good fortune in the coming year.

Even though some fengshui practitioners have debunked the practice as a modern myth, many still prefer to stick to "tradition".

Banks have earlier said that they are preparing for the "onslaught" today, and have special measures in place to cope with the expected crowd.

DBS/POSB takes care of its staff

In an statement today, DBS/POSB said that it made a surprise announcement yesterday to its staff, telling them that they'd be receiving their salaries for the month today.

"With their salaries being deposited on Li Chun for them, all 10,000 DBS/POSB employees in Singapore will essentially have their deposit needs taken care of."

sinsh@sph.com.sg