Deposit insurance in Russia and its features

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2018-03-21 23:14:07

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Very often we hear in commercials, the phrase: “Deposits are insured”. But not every one of us understands this subject and its specificity in the Russian market. Giving away your hard earned in the Bank should know in advance what to expect in case of loss of license (bankruptcy), as well as how to minimize their losses. In this case there is the Deposit insurance system (DIS), which is a mechanism to protect the legitimate interests and rights of individuals regarding their placed funds in Bank deposits. Go back and learn how this system emerged.

Deposit insurance

History

For the First time the insurance of deposits appeared in 1933 in the United States. The cause of CERs to the economic crisis of 30-ies. The maximum size of insurance compensation amounted to $ 5000. Over time the limit has increased to 100 thousand, and in 2008 reached the bar of 250 thousand $. Deposit insurance is compulsory for all countries belonging to the European Union. But in General, its of CERs, there are more than 100 countries.

The Deposit Insurance in Russia

Is There any CERs in Russia? Confidently declare that Yes. In 2003 appeared the relevant law, and a year later opened the Agency, whose primary function – ensuring optimal operation of the insurance system. It maintains the register of banks registered in the system, pays compensation forms the insurance Fund, etc. Any Bank operating on the territory of the Russian Federation and receiving from the public deposits, participates in CERs. Moreover, mandatory. If we consider Deposit insurance of 2013, the total number of banks offering this service is 891 (according to the register of CERs).

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the Deposit insurance to 1 million

What is not covered in DIS?

- On deposits in branches outside the territory of the Russian Federation.

- account used for business.

- Deposits payable to bearer.

Accounts of notaries, lawyers, etc., open for professional purposes.

- Electronic money.

- Metal account.

Insurance indemnity

If the insurance situation occurred, investors receive back all money invested (but not more than 700 thousand rubles). The exchange contribution is recalculated in rubles at the exchange rate of the Central Bank on the day of occurrence of the insured situation. If the depositor had in the Bank one account, the amount of compensation will be calculated on the total amount, but not above the established limit. Separately want to say about Deposit insurance in several organizations. For example, a person has accounts in 2 different banks. Can receive insurance compensation in one of them affect the size of insurance compensation in the other? Of course not. In each case, will be a separate calculation. By the way, in the spring of 2013, the government of the Russian Federation was legally approved Deposit insurance to 1 million rubles. That is, to the old limit added 300 thousand.

the Deposit insurance 2013

Payment Receipt

For compensation, the depositor (or his or her representative with power of attorney) must apply to the agent Bank or the relevant Agency who is authorized to make payments, and write a statement. His term starts from the time of occurrence of the insured situation and lasts until the end of the bankruptcy process of the Bank.


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Alin Trodden - author of the article, editor
"Hi, I'm Alin Trodden. I write texts, read books, and look for impressions. And I'm not bad at telling you about it. I am always happy to participate in interesting projects."

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