Frequently Asked Questions

IDF:

The following is a list of frequently asked questions in the IDF category that are currently in our database:

	What does IDF stand for?
	What is IDF?
	What are the requirements for opening an IDF account?
	What is the minimum opening balance for IDF and what tenor can a customer leave his balance on IDF?
	What are the benefits of IDF?
	Can a staff of Intercontinental Bank open an IDF account with the Bank?
	Is the IDF scholarship award automatic for all IDF customers?
	Will a staff’s ward also qualify for scholarship benefit?
	What are the conditions a Nominee must satisfy to be granted an IDF scholarship?
	Who makes payment to an IDF beneficiary?
	Can a customer do a partial liquidation on his / her IDF investment before it reaches full maturity and still continue with the IDF investment?
	In the event of death of an IDF account holder, and the IDF document states a different beneficiary (next-of-kin) from the will, who then takes over the IDF account?
	I am a beneficiary of the IDF insurance cover for accidental death or permanent disability, how can I claim the cover?