Where to find out how much the deposit is insured. The insured amount of the deposit - the mechanism of action of the state system and the maximum amount of payment
Insurance of deposits of individuals in banks of the Russian Federation is an obligation established for all banks by the law of the Russian Federation. This measure was developed by the government back in 2003, but became relevant only after the first major crisis in 2008, when many Russian citizens lost their savings due to the collapse of financial and credit institutions. Now, thanks to the insurance of bank deposits, it has become possible to return the accumulated money even in case of bankruptcy, revocation of the bank's license. True, with some restrictions, which we will definitely write about in this article. Also today we will consider the main issues related to insurance payments on the terms of 2017.
The insurer on behalf of the state is an agency (association) for insuring deposits of individuals. Compulsory insurance of deposits is provided for by the Federal Law No. 177 of 23.12.03. Let's say right away that this law protects the rights of ordinary citizens and does not include insurance of deposits of legal entities in banks.
To what amount are deposits insured in 2017?
The amount of deposit insurance has not been changed in 2017; it is still 1.4 million rubles, including capitalized interest.
The change in the amount was considered on the initiative of German Gref, the president of the board of Sberbank - he proposed to limit the total amount of payments (across all banks) per person to 3 million, citing the statistics of the DIA by type of depositors, 23% of whom deliberately carried their savings right before the revocation of the license for increasing benefits. However, his offer was rejected.
The amount for how much bank deposits are insured is valid separately for each credit institution. That is, if you had several deposits in bankrupt banks, you will receive payments from each of them - up to 1.4 million rubles.
The program also applies to. The maximum amount of insurance for deposits in foreign currency in 2017 is calculated at the exchange rate valid on the day the license was revoked, in terms of rubles.
If the guaranteed amount of the return of the deposit in 2017 does not cover the amount of investment, the client has the right to claim the remaining amount on a par with the claims of creditors.
Who pays if an insured event occurs on bank deposits?
The state corporation DIA is engaged in insurance of deposits of individuals, it is also responsible for the payment of insurance compensation. In order to make it more convenient for clients to receive insurance compensation for the deposit, the DIA can make payments through -agents.
In 2017, the Central Bank personally takes over the control of the DIA's activities, and only reliable state-owned banks, dozens of their backbones, are appointed as agents.
Interesting statistics: in 2015, payments to depositors were 2 times higher than the amount received from banks as an insurance premium. Since it is not profitable for the state to work at a loss, it was decided to raise insurance rates for banks and use these funds in order to make a profit.
Does the insurance of deposits in banks apply to plastic cards?
State insurance of deposits of individuals equates the account of any debit card to a deposit, therefore - if you are used to keeping your savings on a bank card, you can sleep well: money is protected by the deposit insurance system.
The official website of the DIA contains information that the protection of deposits by the state does not apply to prepaid cards, anonymized metal accounts of the compulsory medical insurance and anonymous.
Should I agree to the bank's proposal to transfer the deposit to another credit institution?
We strongly advise you not to agree to such offers. Deposit amount. insured by the state in 2017, is paid only on deposits drawn up by an agreement. When transferring a deposit, this agreement will be considered terminated, you will lose the right to compensation, because the transfer of the deposit may never take place - the bank no longer has this money, it is almost bankrupt. After the transfer will be in the stage of "pending" payments, and you are unlikely to return your deposit, since pending payments are the last in the queue for payment. It is much better to leave everything as it is, be in the first place for a refund, and calmly return your money through the DIA within 14 days.
Also, you should not agree to an early termination with a subsequent partial payment - in this way the bank simply avoids paying interest. Most clients think that it is better to get at least something than nothing, but this is just an illusion of choice.
How long does it take to claim reimbursement under the deposit insurance program?
The law provides for terms limited by the complete liquidation of the bank. It takes about 2 years from the moment of license revocation to final liquidation.
If you had a deposit with a bank whose license was revoked in 2014, you can still apply for a refund. Please note only that for deposits opened before December 29, 2014, different insurance conditions were in effect. Do you know how much was insured by the state for deposits in 2014? It was exactly 2 times lower, and amounted to only 700,000 rubles.
How does the payment process take place?
Information about the revocation of the bank's license is published on the website of the Central Bank of the Russian Federation, in the press, and on the website of the bankrupt bank itself. If the bank has not been appointed (DIA draws out some banks with additional capitalization, changes management, etc. - that is, it tries to "improve"), then the case is considered insured. The same sources publish the name of one or several agent banks that will make payments to depositors.
To receive insurance compensation, you will need to apply with a passport to the specified agent bank, write an application, and on the basis of the register, you will be paid to your account within 3 days (but not earlier than 2 weeks after the occurrence of the insured event).
Trusting them and not thinking about whether their savings are insured. This is a very important nuance, since deposit insurance implies the possibility of obtaining compensation in the event of liquidation of a banking institution. In a situation with the revocation of the bank's license to operate, depositors can lose less.
In recent years, large banks, such as Smolensk Bank, Master Bank, Bank Ugra, have had their licenses canceled, B&N Bank, Otkritie, Promsvyazbank underwent a financial recovery procedure, all this indicates the relevance of the issue, the demand for its consideration and the need to know exactly how much money funds are insured by the state in 2019.
State insured deposits
Provided that a banking institution participates in the insurance system of savings, an insured event is provided for deposits of individuals (and citizenship does not matter), such as:
- urgent and on demand, including investments in foreign currency;
- current settlement accounts;
- amounts on the accounts of individual entrepreneurs (in case of an insured event that took place after January 1, 2014);
- finances in active accounts of trustees or trustees;
- funds on escrow accounts.
Money for and wages are equal to deposits, and they are also covered by insurance.
How much are the deposits insured by the state in 2019?
The maximum investment amount guaranteed by the state in 2019 and which is subject to reimbursement is 1 million and 400,000 rubles. This the amount of the deposit is insured by the state after December 29, 2014 upon the occurrence of an insured event.
Amounts to be covered by the state for insured events for banks in another period:
- 700,000 rubles - from 02.10.2008 to 29.12.2014;
- 400,000 rubles - from 25.03.2007 to 01.10.2008;
- 190,000 rubles - from 08/09/2006 to 03/25/2007;
- 100,000 rubles - until 09.08.2006
What amount is insured by the state for deposits
The size of the insurance contribution, which is compensated by the state, reaches one million four hundred thousand. Regardless of the number of deposits in one bank, the total amount is taken. For example, there are five deposits in the bank for a total amount of 1.400.000, respectively, and the entire amount of money invested is to be received. However, if the amount of deposits exceeds the specified maximum, you will still receive one million four hundred thousand.
This condition also applies to the case if there are in different branches of the same bank - the maximum is taken from the accounts of all branches. And even if the total amount exceeds one million four hundred thousand, the amount to be received will not exceed this amount. After all, all branches are considered one bank.
Insured money according to the law issued only in rubles. In a situation where the deposit was made in foreign currency, a recalculation is made and the equivalent in rubles is returned at the foreign currency exchange rate against the ruble, which was on the day the bank's license was revoked.
Interest payments on deposits
Money is invested in a bank to increase it and protect it from inflation. According to the law, the funds deposited into the account with interest are subject to insurance. The accrual of interest is terminated from the date of revocation of the bank's license. You can take away all the money invested with interest that was accrued from the day of the deposit until the day when the license was revoked. You can calculate the accrued interest on the bank's website. It will be enough to indicate the date of the deposit and the date of its end, i.e. revocation of the license.
What money is not refundable in 2016-2018
Not all funds are subject to insurance compensation. The list provided by insurance agents includes:
- settlement accounts of individual entrepreneurs and legal entities;
- money and assets in trust;
- deposits in foreign branches of Russian banks;
- electronic money;
- unallocated metal or investment accounts;
- income and savings accounts;
- bonus programs (if available and participating in them).
Insurance payments
If a situation arises when the license of your invested money has been revoked, it is recommended to stay calm and follow the news.
At least seven days later, the first news from the insurance company may appear and the deposit insurance agency (DIA) will publish information in the press about which bank will make insurance payments.
This will be the agent bank to which the DIA transfers insurance premiums. This bank has many branches, so it makes no sense to stand in long lines from the very first day to receive money. According to the law, it is possible to withdraw funds within the next two years from the date of cancellation of the bank's license by writing a corresponding application, for which a passport will be required. You can get money immediately after writing an application. If you disagree with the reimbursable amount, you must contact the DIA.
Investment of funds after payment of insurance
You shouldn't lose faith in banks. If everything was decided positively, and you were fully paid all finances, you should think about how to make the money "work" again. It can be an investment of money in a banking institution for a short time at good interest rates or making a long-awaited purchase. One of the recommended options is investing in real estate, an initial payment for a mortgage.
Further actions regarding the property of the bank
Any banking institution includes depositors, property,. The property of the liquidated bank is put up for auction, and the money received is distributed in equal percentages to the creditors. Only the DIA knows whether there is enough financial resources to cover all the debts of the bank.
Often the depositors themselves are creditors (if the investment amount was more than 1 million 400 thousand). Such depositors and other creditors are included in the committee that monitors the progress of the auction.
Later, at a meeting of the Council of Creditors, consisting of eleven members, the issue of selling the assets of a banking institution is decided. Meetings are held every working weekday. After the decision made by the committee, the property is sold and everyone receives a refund of their monetary claims.
What is the most important point when choosing a bank deposit for most citizens of the Russian Federation - interest rate or bank reliability?
In a modern economy, when the Central Bank deliberately reduces the number of credit institutions, insurance of bank deposits should be at the head of the selection criteria - after all, only insurance of deposits of individuals will help to return their savings in case of revocation of a license or a moratorium in a bank.
Today we will tell you the main points that you need to know on the topic of insurance of deposits in banks - who insures, from what, to what amount the deposits are insured in 2018 and how much it costs.
Who provides state insurance for individuals' deposits?
Insurance of deposits of individuals in banks of the Russian Federation is provided by the DIA - the Deposit Insurance Agency. Since 2004, the DIA has been entrusted with the function of compensating funds to bank depositors who:
- Loss of licenses
- Lose their creditworthiness,
- The Central Bank is suspected of illegal operations,
- Receive a moratorium from the Central Bank on settlements with creditors;
- Or otherwise stop the activity.
An insured event on bank deposits occurs after the relevant decision is made by the Central Bank. Clients are notified through the media and messages on the websites of the Central Bank and the DIA.
The DIA is also engaged in the bankruptcy management of insolvent banks, temporary administration, and until the end of 2017 served as a sanator. At the moment, the Bank of Russia is mastering new rehabilitation mechanisms, reducing the burden on the Agency, in particular - a number of important banks were saved at the expense of the Banking Sector Consolidation Fund.
What deposits are insured?
Today, in banks, you can find various variations of earning income from your own funds - time deposits, savings certificates, individual savings accounts, investment projects, deposit cards. Not all accounts are covered by the amount of compensation for deposits in 2018.
The insured are:
- Time deposits and deposits "";
- Salary, retirement accounts, cards and accounts for receiving social benefits;
- Individual entrepreneur accounts;
- Nominal accounts of trustees and guardians opened for the ward;
- Ecrow accounts (for real estate transactions).
Not insured:
- Lawyers 'and notaries' accounts;
- Bearer deposits;
- Nameless;
- Trust accounts (i.e. bank accounts);
- Deposits in branches of Russian banks located outside the Russian Federation;
- Electronic money deposits
Insurance of deposits of legal entities in banks is not carried out! But - it is planned, since legal entities suffer from the collapse of banks more than others. The Central Bank is already considering several initiatives to amend the law on insurance.
How much are bank deposits insured?
The guaranteed amount of the deposit return in 2018 is 100%, but not more than 1.4 million rubles. The amount of deposit insurance in 2018 remained unchanged in relation to 2017, but twice exceeded the maximum in 2016 (then the DIA reimbursed a maximum of 700 thousand rubles).
Please note: the maximum amount of deposit insurance in 2018 includes not only your deposit, but also the capitalized interest accrued on it as of the date of the insured event. Capitalized is interest added to the amount of the deposit. If the bank paid the profit to a separate account, the interest compensation is not required.
How much does a deposit insurance program cost?
The Individual Deposit Insurance Association forms the fund from contributions paid by banks. This is not a compulsory deposit insurance, but most of the large banks participate in the program on their own initiative.
For individual depositors, the protection of deposits by the state is free!
Banks deduct 0.1% of the calculation base per quarter, and if rates are overestimated by 2-3 points from the average value, the deductions are 0.2% per quarter (0.8% per year).
How to get insurance compensation for a deposit?
If you are not wondering what amount is insured by the state for deposits, but upon the occurrence of an insured event, follow our instructions:
- Make sure the type of account is compensable;
- Find any documents confirming the presence of a deposit (if there are none, make printouts in the online bank);
- Wait for the message about the choice of banks-agents for reimbursement (the deposit insurance system on the official website posts the news about the appointed agent within 5-7 days from the date of the insured event);
- Contact the agent bank for reimbursement (payments begin no later than 2 weeks after the insured event).
You can claim compensation during the entire liquidation period of the bank (as a rule, this process takes about 2 years).
Now let's consider the most interesting and saddest moments - if your name is not in the register of payments, and if the amount of the deposit has exceeded the insured amount of 1.4 million rubles.
If the surname is not in the refund register?
Your data may not be in the DIA register for the following reasons:
- The account is not insured (see the paragraph "Which deposits are insured?")
- You turned to the wrong agent (several banks may be appointed for payments, between which depositors are divided according to the first letter of the surname);
- Your deposit has gone "off balance" (often banks accept deposits on the eve of license revocation according to a "notebook", then you need to contact the DIA - 95% of such problems are resolved without a trial.
The contribution has exceeded the insured amount
If you are "lucky" to get into the ranks of the so-called "oversteps", you need to fill out an application in the agent bank for inclusion in the register of creditors' claims for the amount not received, indicating the account number for payment. Be sure to indicate whether you have a document confirming the validity of your claim (deposit agreement, receipts, etc.).
The claims of the "oversteps" are considered by the bankruptcy department in the course of liquidation (the bank's assets are sold, debts are returned with this money). Often, the bankruptcy estate turns out to be insufficient to compensate for the losses of creditors (a "hole" in the capital is formed). In this case, courts or farewell to your money await you.
For those who have read this article to the end out of interest, and not on the fact of an insured event, advice - do not store more than 1.4 million rubles in one bank! And always have confirmation of your account on hand! Even when making a deposit online, do not be lazy and take a printed copy of the contract at the office.
January 2019
One of the most popular ways to preserve accumulated savings now is to open a bank deposit. But in order for the level of trust among the client base to be high, the state and banks must apply certain mechanisms for the protection and safety of deposit funds. One of these mechanisms is the bank deposit insurance system. The article will tell you about its principle of operation and the main important features.
What is a bank deposit insurance system?
The system of insurance of bank deposits (abbreviation "SSV") refers to a certain protective mechanism, the result of which is the insurance of deposits by the state. It is the CER that maintains the stability of the operation of financial institutions and a high level of citizens' trust.
This system has been operating since 2004 after the start of the Federal Law No. 177 (details of this law can be found here). Its work is regulated by a specialized state corporation - the Deposit Insurance Agency (abbreviation "DIA").
The principle of operation of the entire system for protecting deposits can be briefly described as follows: if a banking organization loses its license or declares bankruptcy, the state reimburses individuals. to individuals and individual entrepreneurs the amount of deposit funds in an amount not exceeding 1.4 million rubles. - this is the maximum amount that can be returned in case of an insured event. It will be very problematic to return more than this amount.
What is DIA?
The beginning of the work of the Deposit Insurance Agency is dated January 2004. It was created for the purpose of regulating CERs.
The main functions of the DIA are as follows:
- making payments of compensations to depositors on deposits in case of insured events;
- maintaining the register of banks participating in CERs;
- control over the formation of the deposit insurance fund;
- fund management.
As of February 20, 2018, the number of financial structures participating in the deposit protection program is 778, and the number of recorded insured events is 431 (as of March 5, 2018).
How does deposit insurance for individuals work?
The CER now applies only to individuals (individual entrepreneurs are also among them). The scheme of its work is similar to the principle of classical insurance. Only the insurer here is not a citizen, but a financial structure.
Credit institutions make contributions to the DIA in the amount of a certain percentage of the funds raised. Thus, an insurance fund is formed, at the expense of which, in the future, compensation is paid to the owners of deposits.
A client who has opened a deposit automatically becomes a participant in the bank deposit insurance program for individuals - there is no need to conclude any special contracts. In the event of an insurance situation, the client submits a request for a refund and receives the deposit amount insured by the state.
Now with regards to insurance claims. There are only two of them:
- The financial institution's license was revoked.
- The Central Bank of the Russian Federation has imposed a moratorium on the satisfaction of claims of the bank's creditors. This can happen when a banking organization is late in payments to its creditors.
To what amount are bank deposits insured?
So, how much is insured in banks for deposits? The upper limit of this amount in 2018 is RUB 1.4 million. For example, from 2004 to 2006 this figure was equal to 100,000 rubles.
It follows from this that funds in excess of this amount should not be kept in one bank. You can return more than 1.4 million rubles, but a 100% guarantee cannot be given. First, the client will receive the maximum allowable amount, and they will have to queue up to return the remaining funds. And already when the assets of the bankrupt bank are sold, it will be possible to get the rest of the amount. I must say that in this case there will be a very long wait.
Are the deposits of legal entities insured in banks?
Now the CER program does not apply to deposits of legal entities. So far, the Bank of Russia has postponed such a possibility at least until 2019-2020.
What options do organizations have in this situation? There are two main options here:
- It is theoretically possible to return own funds to a legal entity. At the time of the occurrence of the insured event, the company representative will need to draw up and submit a statement of claim containing a request for a refund from the account. But the expectation of funds can be significantly delayed, since individuals are the first to receive payments, then individual entrepreneurs, and legal entities at the very last moment. You can not wait at all for compensation, since the law does not regulate the mandatory protection of deposits for legal entities.
- Voluntarily insure your funds. Now this service is provided by many insurance companies.
How many deposits can you open in one bank?
The number of deposits that can be opened in one bank is not limited by anything. There may be at least ten, at least a hundred. Another question is the expediency of a large number of open deposits in one financial institution.
If the client plans to make several deposits in one bank (for example, one long-term, the other short-term), it will be necessary to take into account the maximum amount of the insured amount on deposits in banks. It follows from this that the amount of funds invested at interest for all active deposits in a particular financial institution must be equal to or less than 1,400,000 rubles. Then, when the license is revoked from the banking organization, as well as when it goes bankrupt, the client will receive the entire insured amount in full.
If you want to open several large deposits, it is better to do this in different banking organizations. If, of course, it is supposed to give over 1.4 million rubles at interest.
Insurance of foreign currency deposits
Foreign currency bank deposits are also protected by CERs, as well as ruble deposits. In the event of bankruptcy of a credit institution, the DIA will make compensation payments for the foreign currency deposit in the ruble equivalent at the rate set by the Bank of Russia during the time period of the insured situation.
A small example for clarity: a person made a foreign currency deposit in the amount of 15 thousand dollars at the time when his rate was 30 rubles per dollar. We calculate the ruble equivalent of such a contribution: 15,000 × 30 = 450 thousand rubles. After some time, the financial structure in which the deposit was made declares bankruptcy. The exchange rate of the dollar against the ruble at this moment is 40 rubles per dollar. From here we get the amount of insurance compensation in rubles: 15,000 × 40 = 600 thousand rubles.
As for the maximum amount paid on the foreign currency deposit, it will be equal to the equivalent of 1.4 million rubles. It is important to remember here that the calculation will be made at the exchange rate at the time of the insurance situation, and not at the time of registration of the deposit.
List of banks included in the deposit insurance system
The list of ten most popular banks participating in the deposit insurance system includes the following financial structures:
- Sberbank
- Gazprombank
- Rosselkhozbank
- Alfa Bank
- Promsvyazbank
- B&N Bank
- Rosbank
- RaiffeisenBank
- Sovcombank
A complete list of banks that insure deposits of individuals can be found here.
Those wishing to place a deposit in any banking institution will find the following simple recommendations useful:
- The most important thing when opening a bank deposit is a careful selection and assessment of the financial institution where funds will be transferred at interest. It is imperative to choose only reliable and trusted banks with large assets of their own. You also need to make sure that the selected credit institution is included in the register of insured banks for deposits (it is important to look for up-to-date data at the moment). As a rule, all major financial institutions are members of CERs. You should not open a deposit in a little-known organization that offers a higher percentage, since the risk of losing your own funds will be very high.
- You should not open a deposit in the amount of more than 1.4 million rubles. in one banking organization. If there is a desire to invest a large amount, then the best solution would be to divide the entire budget into several parts and open several deposits in different financial organizations. For example, you need to invest at an interest of 2 million rubles. It would be better to open two deposits of 1 million each in two different banks.
- If the deposit was opened through the online application of a credit institution, you will need to receive from this institution a statement confirming the placement of the amount on the account. The client must have a written agreement.
- In case of replenishment of the deposit, it is important to ask the bank employee for cash receipts containing information about the number and currency of the account.
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