Submission for Funding Support
IBF has a wide range of programmes and schemes to support the reskilling, upskilling, reskilling and talent development efforts of financial institutions in Singapore. Developed with our industry partners, they are tailored to support financial institutions in six key areas:
Claims submission for training programmes
Courses that have commenced before 10 October 2022 should be completed by 30 June 2023 for claims to be submitted before 30 September 2023 or within 3 months from the course end date, whichever earlier.
COURSE COMMENCEMENT DATE
Between 8 April 2020 to 30 June 2022
(Enhanced course fee subsidy and Training Allowance Grant)
ELIGIBLE FUNDING SCHEME
IBF-STS and FTS
CLAIMS SUBMISSION BY
Training Provider
SUBMISSION CHANNEL
IBF Portal
EARLIEST SUBMISSION DATE
Upon course completion
SUBMISSION DEADLINE
Within 3 months from course completion date
DISBURSEMENT
Nett Fee Model – GIRO¹ to FTP's corporate bank account
Full Fee Model² – Trainees' NRIC Linked PayNow Bank Account
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Updated on 31 March 2022
- Duly completed Direct Credit Authorisation (DCA) forms are required to be submitted to IBF.
- Only applicable for self-sponsored individuals for IBF-STS. Please ensure that your trainees have linked their NRIC to their PayNow bank account to facilitate disbursement by IBF.