What is not protected by NDIF?

All that glitters is not gold; all that bears interest is not necessarily protected; all bank clients are not necessarily protected.

Multiple banks offer forms of savings that are unprotected, such as savings in voluntary pension funds (pension savings account), interest bearing shares, cooperative proprietary share, investment trust shares.

Moreover, deposit insurance does not protect bonds and certificates of deposit issued by banks after 1 January 2003, either. NDIF’s insurance does not cover, for example, investment notes of open or closed ended investment funds, purchased mostly from banks.