Deposit insurance for individuals compensation amount. Banks included in the deposit insurance system for individuals

As a mechanism for protecting citizens' bank deposits, Russia has introduced a deposit insurance system since 2003. The idea of ​​insurance is based on quick payments from an independent financial source of citizens' deposits in the event of termination of the bank's activities.

In Russia, such an independent financial source is the Deposit Insurance Agency created in 2004. The main goal of the Agency is to manage the entire deposit insurance system. The Central Bank of Russia has created and operates a fund for compulsory state insurance of deposits of individuals, the filling of which creates a certain financial basis for the entire insurance system.

The fund is replenished from the state property contribution and reserve contributions from banks carrying out licensed activities within the Russian Federation. Making such a reserve is a mandatory condition for licensing the bank's activities.

Reserve contributions are uniform for banks and are paid quarterly. The amount of insurance premiums is determined by the Agency's board of directors and is calculated based on the mandatory reserve norm. Currently, the reserve amount is 0.1% of the average size of insured deposits of bank depositors for the last quarter.

Amount of compulsory insurance of bank deposits of individuals

At the end of 2014, on the basis of the relevant law, a new size was established. Previously it was equal to 700.0 thousand rubles. Currently, the amount of compulsory insurance of citizens' deposits is 1.4 million rubles. This means that all deposits made by an individual within this amount (less than and equal to 1.4 million rubles) are subject to mandatory insurance.

Funds exceeding this limit are not insured.

Consequently, funds in excess of the limit upon termination of the bank’s activities will not be returned to the depositor immediately.

You can achieve the return of these funds by going through certain procedures that take time.

To avoid unnecessary hassle, the funds planned for deposit can be distributed and deposited in several banks in parts. Deposits in different banks from the same depositor are insured without restrictions on the number of banks.

We clarify that not all bank deposits of citizens can be insured. Not insured:

• Bearer deposits;
• Funds from the accounts of entrepreneurs who do not have the status of a legal entity, but the accounts are open for transactions for professional purposes. This often applies to notaries and lawyers;
• Money on trust management of the bank;
• Deposits made in foreign branches of Russian banks;
• Money in electronic accounts that goes through bank operations, but does not have bank details;
• “Metal” accounts (accounting for precious metals), usually recorded in ounces or grams, but not rubles.

How to find out if a deposit is insured?

There is no need to conclude separate agreements for insurance of bank deposits. This process is regulated only by the law on insurance of deposits of individuals, issued on December 23, 2003 under number 177-FZ.

Finding out if your bank is on the deposit insurance list is fairly easy. This should be done at the time of depositing funds into the account. All licensed Russian banks are a priori participants in the system. You can check the fact of your bank’s participation in the system by studying the information in the corresponding section on the website of the Russian Deposit Insurance Agency.

Insurance cases

Before considering the payment mechanism for deposit insurance, let’s define what is considered an insured event. When one day you do not see your bank in the register of the Deposit Insurance Agency, the question arises: is exclusion from the register an insured event? Probably yes.

In fact, the main reason for excluding a bank from this list is the termination of the bank’s activities, that is, the revocation of its license to carry out any banking operations. Also the basis is a moratorium imposed on the bank on its obligations.

According to the Federal Law on deposit insurance, an insured event occurs on the day when the act of the Central Bank of Russia on the revocation of a banking license is ready or the day a moratorium is imposed on the bank to satisfy the claims of creditors.

Let us remind you that the Deposit Insurance Agency is responsible for the reimbursement of depositors’ funds.

This is where depositors whose banks have ceased operations need to turn. Agent banks acting on behalf of the Agency and existing at its expense can also deal with these issues.

You should contact us immediately, as there are certain time frames. If a bank is going through a bankruptcy procedure, you should have time to write the appeal before the procedure is completed.

In the second case—a moratorium is imposed on the bank—depositors should act until the day the moratorium ends.

Required documents

Further, by the word bank we will mean banks in which any of the insured events occurred. The Agency sends information on the procedure for accepting documents from citizens who have made deposits to the bank directly to the bank, publishes it in the journal “Bulletin of the Bank of Russia” and places it on official sources of the Central Bank of Russia and the Agency on the Internet.

Banks are required to send to the Agency registers of depositors to whom it has obligations. After this, the Agency sends information to investors individually within 30 days.

Documents that an applicant must present for the return of deposit funds:

1. A written statement with a personal signature. The application form is established by the Agency
2. Applicant's passport
3. If the deposit agreement was concluded using other identification documents, the details of this document must be presented

If the applicant is the heir of the investor, it is necessary to submit documents confirming the rights to inherit the funds.

If the applicant cannot contact the bank on his own, the application can be made by his representative using a notarized power of attorney.

Documents may be delivered personally to officials who are authorized to accept and review documents. Also, a set of documents can be sent by mail or by expedition.

Payment mechanism

If an insurance event occurs, the depositor is guaranteed to return the deposit amount, but not exceeding 1.4 million rubles. If an individual has several deposits in one bank, then the insurance is distributed proportionally across all deposits and in total also does not exceed 1.4 million rubles.

For example, a person made a deposit in the amount of 950.0 thousand rubles. and there is a bank card to the account of which his salary is transferred. When the insured event occurred, there were funds in the card account in the amount of 432.0 thousand rubles. According to the law, the depositor will be reimbursed under insurance for 100% of the amounts from both deposits, since in total they amount to 1.382 million rubles.

An exception is an account opened by an individual for transactions with real estate. Such accounts - escrow - at the time of the insured event are covered by insurance in the amount of 100% of the amount not exceeding 10.0 million rubles. Such reimbursement is made separately from other bank deposits.

When a depositor has made deposits in different banks, compensation is calculated separately for each.

That is, in each bank, a depositor can claim damages of up to 1.4 million rubles.

In the case of a foreign currency deposit in a Russian deposit, during the period of an insured event, the foreign currency account is converted into rubles at the current rate and reimbursed in ruble equivalent.

When reimbursing bank deposits, interest accrued on the date on which the insured event occurred is also taken into account. Let’s assume, using the same example, with a deposit of 950.0 rubles. The contribution was made at 10% per year, exactly one year ago. Even if the deposit is made for 5 years, only the interest accrued for one year will be reimbursed, i.e. 95 thousand. In this case, the investor will be reimbursed 1045.0 thousand rubles.

If a person took out a loan from the same bank, then at the time the deposit is reimbursed to him, the balance of the loan debt is deducted from the total insurance amount.

If, during the period of the insured event, a person’s contribution (with or without interest) exceeds the limit, the depositor will receive only 1.4 million rubles. But he has the right to claim compensation for the remaining amount of the deposit and interest, following the procedure established by the relevant laws of the Russian Federation.

Damage compensation procedure

The Agency makes payments for compulsory deposit insurance within three working days after the applicant provides the necessary documents. At the same time, at least 14 days must pass after the insured event occurred.

When reviewing the documents, the depositor is given an extract from their register of bank liabilities, which indicates the amount of return of funds on deposits.

Payments can be reimbursed in cash or by transfer to any bank account of the client.

Video about insurance of bank deposits of individuals in Russia:

By insuring them (guaranteeing them).

The main idea of ​​​​the work of the savings bank is to make quick payments to depositors from an independent financial source (for example, a special fund) in the event of termination of the bank's activities (revocation of its corresponding license). Thus, without waiting for the start of liquidation procedures, investors are guaranteed access to their funds.

The experience of most economically developed countries of the world shows that the system of insurance (guarantee) of bank deposits is an effective tool for solving a complex of social and macroeconomic problems. First of all, it helps prevent panic among depositors, thereby ensuring the stability of the banking system and reducing public costs of overcoming the consequences of crisis phenomena. In addition, the presence of CERs increases public confidence in the banking system, creating the preconditions for long-term growth of private deposits.

Currently, CER exists in various forms in 104 countries around the world. More than half of all insurers are members of the International Association of Deposit Insurers (IADI or IADI).

Deposit insurance system in Russia

Deposit insurance in the Russian Federation is carried out in accordance with the Federal Law “On Insurance of Individuals’ Deposits in Banks of the Russian Federation” No. 177-FZ dated December 23, 2003 (hereinafter referred to as the Law or Law on Deposit Insurance).

Individuals' funds placed on deposits and accounts in banks registered in the Russian Federation are subject to insurance. A number of exceptions are listed below.

Deposit insurance is carried out by virtue of this Law and does not require the conclusion of an insurance contract. In order to manage the deposit insurance system, on the basis of the law on deposit insurance, in January 2004, the Russian Federation created a state corporation - "" (hereinafter referred to as the Agency, DIA or GC DIA).

Participation of banks in CERs

In Russia, participation in the deposit insurance system is mandatory for all banks that attract funds from individuals.

Amount of insurance compensation in CER

Insurance compensation for deposits in a bank in respect of which an insured event occurred is paid to the depositor in the amount of 100% of the amount of deposits in the bank, but not more than 700,000 rubles. (for insurance cases).

Deposits in foreign currency are recalculated at the Central Bank exchange rate on the date of the insured event.

The maximum amount of compensation is RUB 700,000. for all deposits and accounts in one bank. Deposits in different banks are insured independently of each other.

After payment of the insurance compensation, the depositor's rights to the deposit, exceeding the amount of guarantees, are satisfied during bankruptcy proceedings in the first place of creditors. The depositor's rights to claim the amount of insurance payments made are transferred to the Deposit Insurance Agency.

If the depositor received a loan from a bank in respect of which an insured event occurred, then the amount of insurance compensation is reduced by the amount of the bank’s counterclaims to the depositor on the date of revocation of the license.

Insured event and organization of insurance compensation payments

An insured event is one of the following circumstances:

• revocation (cancellation) of the bank’s license from the Bank of Russia to carry out banking operations;
• introduction by the Bank of Russia of a moratorium on satisfying the claims of bank creditors.

Payments to depositors begin no later than 14 days after the occurrence of the insured event.

Payments are made either at the Agency's office (if the total amount of payments and the number of depositors are small), or through one or more authorized banks - agents of the DIA, as well as by mail. The specific payment procedure is determined separately for each insured event.

Insurance exclusions

Not insured:

1) funds in the accounts of individuals engaged in entrepreneurial activities without forming a legal entity, lawyers, notaries and other persons, if such accounts (deposits) are opened for the implementation of entrepreneurial or relevant professional activities provided for by federal law;

2) bearer deposits;

3) funds transferred to the bank for trust management;

4) deposits in foreign branches of Russian banks;

5) money transfers without opening an account;

6) funds in unallocated metal accounts.

Financial Basics of CERs

The financial basis of the system is the compulsory deposit insurance fund (hereinafter referred to as the Fund). The size of the fund as of September 17, 2012 is 178.5 billion rubles.

The main sources of formation of the Fund are the property contribution of the state (7.9 billion rubles), insurance premiums of banks and income from investing the Fund’s funds.

Insurance premiums are the same for all participating banks and are payable by the bank on a quarterly basis. The rate of insurance contributions of banks to the Fund is established by the Board of Directors of the Agency and currently amounts to 0.1% of the average amount of insured deposits of individuals in the bank for the corresponding quarter.

Some facts from the history of SNE in Russia

Since the start of the work of the CER, the maximum amount of insurance compensation in Russia has increased 7 times. Initially it was 100,000 rubles, from August 9, 2006 it was increased to 190,000 rubles, from March 26, 2007 - to 400,000 rubles, and from October 1, 2008 - to 700,000 rubles.

During the history of the deposit insurance system in Russia, 128 insured events were recorded (as of September 2012).

The volume of liability for insured events that occurred as of August 17, 2012 is 72.9 billion rubles. for 1,203.7 thousand depositors. As of this date, insurance compensation in the amount of 71.1 billion rubles. 367.7 thousand depositors were paid.

Deposit insurance system in the USA

The United States of America is the first country to introduce a bank deposit insurance system. The need to create this system was due to the outbreak of the economic crisis - the Great Depression. As a result, the Federal Deposit Insurance Corporation was created in 1933 by the Glass-Steagall Act.

The original insurance limit was $5,000. Until recently, the standard insurance benefit in the United States was $100,000. However, in 2008 it was increased to US$250,000.

Deposit insurance system in Kazakhstan

In November 1999, the Kazakhstan Deposit Guarantee Fund was founded in Kazakhstan, the main function of which is to organize a deposit guarantee system. The Fund was created in accordance with the Law of the Republic of Kazakhstan “On Banks and Banking Activities in the Republic of Kazakhstan” dated August 31, 1995. The deposit guarantee system created in Kazakhstan provides insurance for deposits, current and card accounts of individuals and individual entrepreneurs.

see also

Links

• State Corporation "Deposit Insurance Agency". - Official website of the state corporation "Deposit Insurance Agency". Archived

• Participation of banks in the deposit insurance system. - Current list of participants in the deposit insurance system on the DIA website. Archived from the original on February 12, 2012. Retrieved November 2, 2009.

Notes

Wikimedia Foundation. 2010.

• Martineau, Harriet
• Deposit Insurance Agency

See what the “Deposit Insurance System” is in other dictionaries:

Deposit insurance system- (CER) a mechanism for the protection of private deposits, providing for insurance of deposits of individuals by the state. CER currently exists in more than 100 countries. It is designed to prevent panic among investors, ensure stability... ... Banking Encyclopedia

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Deposit Insurance Agency- This article should be Wikified. Please format it according to the rules for formatting articles... Wikipedia

Singapore banking system- Banking is one of the actively developing sectors of the Singapore economy. There are 121 commercial banks in the country, including 7 local and 114 foreign. As of September 2010, the volume of assets (liabilities) in the banking sector... ... Wikipedia

State Corporation "Deposit Insurance Agency" (GC DIA)- created in January 2004 on the basis of the Federal Law of December 23, 2003 On the insurance of deposits of individuals in banks of the Russian Federation. In order to ensure the functioning of the deposit insurance system, the Agency carries out... ... Encyclopedia of Newsmakers

Deposit insurance- - a system that allows private investors - individuals to receive funds in the event of revocation of a license or bankruptcy of a credit institution. To achieve this, banks pay insurance premiums for deposits attracted to a specialized fund... ... Banking Encyclopedia

What deposits are insured by the state

Many people are interested in whether the deposits of individuals are insured, including deposits in foreign currency, as well as money on debit (salary) cards. Don't worry - we're insured.

If the bank is a participant in the deposit insurance system, then the funds of individuals, regardless of citizenship, located in deposits and accounts with the bank are subject to insurance, including:

• - time deposits and demand deposits, including foreign currency;
• - current accounts, including those used for payments with bank (plastic) cards, for receiving salaries, pensions or scholarships;
• - funds in the accounts of individual entrepreneurs (for insured events occurring after 01/01/2014);
• - funds in nominal accounts of guardians/trustees, the beneficiaries of which are the wards;
• - funds in escrow accounts for settlements on real estate purchase and sale transactions for the period of their state registration (for insured events occurring after 04/01/2015).

Please note that not only the amount of money contributed to the deposit is insured, but also the accrued interest. They are calculated in proportion to the actual term of the deposit until the day the insured event occurs.

Remember!

Some institutions disguise themselves as banks, offering high interest rates and keeping silent about the lack of appropriate guarantees! You can check whether an institution is included in the deposit insurance system on the websites of the Bank of Russia (www.cbr.ru) and the DIA (www.asv.org.ru), as well as via the free DIA hotline 8-800-200-08-05 .

See also:

- deposit rates for individuals in Rosselkhozbank >>

What bank deposits are not insured by the state?

Not all the money you entrusted to the bank is insured by the state and will be returned to you by the Deposit Insurance Agency (DIA) if the bank loses its license and goes bust. The following are not covered by the deposit insurance system:

• - deposits certified by a savings certificate payable to bearer or savings book payable to bearer;
• - funds in the accounts of individual entrepreneurs without forming a legal entity, if the accounts are opened in connection with professional activities (for insured events that occurred before 01/01/2014);
• - funds in the accounts of lawyers and notaries, if the accounts are opened in connection with professional activities;
• - deposits in branches of Russian banks located abroad;
• - funds transferred to banks for trust management;
• - funds placed on impersonal metal accounts;
• - funds transferred to so-called “electronic wallets” (electronic money).

Are funds placed in microfinance organizations insured by the Agency?

The Federal Law “On Insurance of Deposits in Banks of the Russian Federation” does not apply to the funds of citizens deposited in microfinance organizations (MFOs). MFOs are not banks and are not included in the compulsory deposit insurance system.

Are individual entrepreneurs' deposits insured in banks?

For a long time, deposits of individual entrepreneurs, who are individuals, were not insured by the state, like deposits of legal entities. But several years ago this case was eliminated. Currently, funds in the bank accounts of individual entrepreneurs are insured (for insured events occurring after 01/01/2014).

See also:

- what deposit rates are Binbank giving today >>

- interest rates on deposits in Post Bank >>

How much are deposits insured in 2019?

If the insured event occurred after December 29, 2014, the maximum amount of compensation for deposits is 1,400,000 rubles. It is up to this amount that deposits of individuals in Russian banks are insured today.

If the insured event occurred from October 2, 2008 to December 29, 2014, then the maximum amount of compensation for deposits is 700 thousand rubles.

For insured events that occurred from March 25, 2007 to October 1, 2008, the maximum amount of insurance compensation is 400 thousand rubles;

If the insured event occurred from August 9, 2006 to March 25, 2007 - 190 thousand rubles;

IMPORTANT! Separate insurance compensation, the maximum amount of which is up to 10 million rubles, paid:

In an escrow account opened for settlements under a real estate purchase and sale transaction;

In an escrow account opened for settlements under an agreement for participation in shared construction.

By the way!

The Central Bank of Russia and the Deposit Insurance Agency (DIA) have prepared a bill to compensate depositors of collapsed banks up to 10 million rubles. in special situations, for example when receiving an inheritance. The head of the DIA, Yuri Isaev, spoke about this.

We are talking about cases of high balances in a bank account “due to special life circumstances,” Isaev clarified. Special situations may involve temporary receipt of money from the sale of residential real estate, inheritance, social benefits and benefits.

Deposit insurance in 2019: questions and answers

How is the compensation amount calculated if the deposit is placed in foreign currency?

If the deposit is placed in foreign currency, the amount of compensation is calculated in rubles at the rate established by the Bank of Russia on the day the insured event occurred.

What amount of compensation will the spouses receive if each of them has deposits in the same bank?

If an insured event occurs, each spouse will independently receive compensation for deposits in the amount of 100 percent of the amount of his deposits in the bank, but not more than the maximum amount of insurance compensation established by law.

What amount will a depositor receive if he has deposits in different branches (branches) of the same bank?

Deposits in different branches (branches) of the same bank are deposits in the same bank. Therefore, they are subject to the general rule for calculating the amount of compensation: 100 percent of the amount of all deposits in the bank, but not more than the maximum amount of insurance compensation established by law.

Sooner or later, everyone has a question about how to store their savings. The most common way to invest funds today is to place them in deposit accounts of commercial banks. This protects savings from the harmful effects of inflation and generates a small income. But many citizens lost confidence in the banking system during the years of economic instability.

What should you do if the bank you are a client of has declared financial difficulties? Should we worry whether there is salvation in such a situation?

Deposit insurance for individuals is a system for protecting the population's funds in the event of bank failure or deprivation of its license. In this way, the state guarantees the financial security of ordinary citizens. Banks also receive their bonuses - insurance of deposits of individuals significantly increases customer confidence.

Insurance purposes

Similar systems exist in many countries around the world. Deposit insurance appeared in Russia in 2003. For what purposes was it introduced?

1. Stabilization of the state's financial system.
2. Reducing risks associated with banking operations.
3. Prevention of worsening financial crises.
4. Maintaining public confidence in the banking sector.

Agency

Deposit insurance is regulated by federal law. The Deposit Insurance Agency monitors the activities of banking institutions and protects the interests of depositors. The responsibilities of the corporation include maintaining a register of banks, collecting insurance premiums, recording depositors and paying compensation, maintaining and increasing the insurance fund by investing free funds. The activities of the Deposit Insurance Agency are controlled by the state. Due to the fact that the Agency is the only organization providing deposit insurance, the law clearly regulates its activities.

Where does the corporation get money for reimbursements? Funds are accumulated in the fund's accounts and come from several sources:

1. Commercial banks participating in the insurance program pay insurance premiums quarterly.
2. The agency actively increases and invests the funds received.
3. Part of the financial resources forming the insurance fund was received directly from the state.

Object of insurance

The legislation does not require the conclusion of additional contracts for deposit insurance. All citizen deposits eligible for the government program are considered insured. Thus, the objects of insurance are personal deposits of citizens, salary accounts and personal savings certificates.

There are groups of funds that are not included in compulsory insurance of deposits in banks:

Interest

Insurance of deposits of individuals raises many questions among ordinary citizens.
The most common of these concerns whether the insurance covers interest on deposits, that is, whether the amount of capitalized interest is the object of insurance.

When calculating the insurance compensation, interest is taken into account, which is added to the principal amount of the deposit account; this is reflected in the banking agreement. In this case, only those interests accrued at the time of termination of the bank's activities are taken into account. If the depositor withdrew interest, it will not be taken into account when determining the amount of insurance compensation.

Insurance case

Bank clients do not always know in which case they may need a service such as deposit insurance. The law clearly defines the concept of an insured event. This is a revocation of the license to operate from the bank where the deposit is placed. The Bank of Russia can deprive an institution of its license, for example, due to unsatisfactory financial condition (bankruptcy). The introduction of a moratorium on satisfying the claims of bank creditors is also recognized as an insured event. In this case, the Deposit Insurance Agency becomes obligated to make insurance payments.

Maximum amount of compensation

Deposit insurance is an effective system for increasing the volume of deposit transactions. When the bank is closed, deposits are reimbursed in full with any interest due, but in a total amount not exceeding 1,400,000 rubles. If a depositor has several deposits in a bankrupt bank, then payments on them are summed up, but cannot exceed 1,400,000 rubles.

If insured events occurred in several banks, then the depositor has the right to compensation of deposits in full for each bank (in other words, having 2 million rubles in bank A and 2 million in bank B, we will receive 1.4 million payments for each bank in individually, i.e. 2.8 million in total). Obviously, it is safer to store savings in different institutions.

The amount of payment is calculated based on the end of the day the insured event occurred. The amount of compensation in foreign currency is paid in rubles at the exchange rate on the day the insured event occurred.

Deposit insurance does not always provide full reimbursement. If the deposit amount exceeds the maximum possible insurance payment, then after the bank goes through bankruptcy proceedings, the depositor (as a first-priority creditor) will receive compensation for the rest of the deposit. This may take a long time, from six months. Speed ​​is another advantage of deposit insurance.

Procedure for applying for payment

Why is deposit insurance becoming increasingly widespread in world practice? The payment system for this type of insurance is simple and significantly strengthens confidence in national banks. Traditionally, investors and their heirs have the right to compensation. The right to payment cannot be acquired in any other way.

The depositor can apply for payment from the date of the insured event. The deadline is the day of completion of bankruptcy proceedings or the end of the moratorium.

The procedure for applying for payment is strictly regulated by law. Insurance of deposits of individuals is terminated if the depositor misses the application deadline. In this case, he may apply to the Agency with a request to extend this period. Reinstatement of the term is possible if:

• the application was prevented by force majeure or an emergency situation;
• the investor served in military service;
• the absence was due to a serious health condition or the period of inheritance.

When applying you must provide:

1. Application written according to the sample provided by the Agency.
2. Passport or other identification document.
3. Documents confirming the right to inheritance for heirs and a power of attorney for representatives of the investor.

Payment procedure

Payments of insurance compensation are made by the Agency, as required by law. Insurance of deposits of individuals is entirely under its jurisdiction. After the occurrence of an insured event, the Agency informs depositors about the place, time and procedure for accepting applications for insurance compensation. After the depositor provides the necessary documents, payment is made within three days, but not earlier than 2 weeks from the date of the insured event.

If the depositor does not agree with the amount of the payment, the compensation can be appealed. After providing additional documents, the Agency will recalculate within 10 calendar days. After receiving the insurance compensation, the depositor receives a certificate of the amounts paid and sends it to the bank. Payments are made in rubles, in cash or to a bank account.

So now you know how deposit insurance works. The system of banking institutions is stabilized when using this financial instrument, and depositors' savings are under state protection.