Frequently Asked Questions
- Are any other cash liabilities of financial institutions covered?
- Who should file a claim if more than one person is authorised to draw on an account?
- How is a depositor notified that an institution in which he or she has a deposit, has been ordered to be closed?
- Does the borrower’s obligations to the institution continue after the institution is closed?
Did You Know?
- Misconception: Deposit insurance can be claimed while the member institution is still continuing in operation. - Fact: Deposit insurance is ONLY activated upon closure of a member institution.
