Date: 08/13/2014
The State Corporation "Deposit Insurance Agency" (DIA) conducted an analysis of the development of the retail deposit market in the first half of 2014. The most significant trends are as follows.
Savings activity of the population
In the first half of 2014, the volume of household deposits in banks remained almost unchanged, decreasing by 74.3 billion rubles. (in the first half of 2013 - an increase of 1,389.3 billion rubles) to 16,883.2 billion rubles. In relative terms, the decrease in deposits amounted to 0.4% (in the first half of 2013 - an increase of 9.8%). Specific gravity interest capitalization in the first half of 2014 is estimated at 3.2 p.p.
The volume of savings certificates to bearer in the reporting period decreased by 6.5 billion rubles. (by 1.9%) to 342.4 billion rubles. Thereby Last year investments in the specified type of uninsured financial instruments practically ceased to influence the overall dynamics of deposits.
Since the beginning of 2014, the DIA has started deposit insurance individual entrepreneurs. Their volume as of July 1 amounted to 193.4 billion rubles. (1.1% of the total amount of deposits of individuals), having decreased since the beginning of the year by 15.1 billion rubles. The amount of insurance liability for them amounted to 105.4 billion rubles. or 54.6% of the total amount of deposits of individual entrepreneurs. The above shows that the structure of their deposits in terms of size generally corresponds to the general market structure of deposits of individuals.
In general, the total volume of insured deposits in the first half of 2014, including deposits of individual entrepreneurs, decreased by 82.5 billion rubles. (by 0.5%) to 16,717.0 billion rubles.
According to the DIA's updated forecast, based on the trends in the deposit market in the first half of the year, the volume of individual deposits in 2014 may grow by 1.2-1.5 trillion rubles. or 7-9%.
Structure of deposits by size
In the first half of 2014, deposits that are closer to the upper limit of insurance compensation grew most rapidly, from 400,000 to 700,000 rubles. - by 12.5% in terms of the volume of deposits and by 11.3% in terms of the number open accounts. Also, deposits increased from 700 thousand to 1 million rubles. by 2.8% in amount and by 2.9% in number. Deposits over 1 million rubles. remained almost unchanged in terms of volume, and decreased by 2.5% in terms of quantity. Deposits from 100 thousand to 400 thousand rubles. decreased by 1.5% in volume and increased by 0.4% in terms of the number of accounts. Small deposits up to 100 thousand rubles. decreased by 8.1% in terms of volume and by 0.9% in terms of the number of accounts.
According to the results of the first half of the year, the share of deposits exceeded 1 million rubles. decreased from 40.0 to 39.6% in the total volume of household deposits. Deposits from 700 thousand to 1 million rubles. increased from 7.6 to 7.8%, and the share of deposits from 400 thousand to 700 thousand rubles. increased from 16.2 to 18.1%. Deposits from 100 thousand to 400 thousand rubles. reduced their share from 22.8 to 22.3%, and deposits of less than 100 thousand rubles. - from 13.4 to 12.2%.
The average size bank deposit as of July 1, 2014, has not changed, amounting to 104 thousand rubles minus small and inactive accounts.
Profitability of deposits and its impact on the dynamics of deposits
Monitoring results interest rates on deposits in the 100 largest retail banks indicate a smooth increase in the profitability of deposits. According to the results of the first half of 2014, more than half of the banks (61 out of 100) raised their rates. In 20 banks the rates decreased, in 19 they remained unchanged. At the same time, the growth of deposit profitability occurred evenly in the 1st and 2nd quarters.
The average level of rates (weighted by the volume of deposits) as of July 1, 2014 on ruble annual deposits in the amount of 700 thousand rubles. increased by 0.4 p.p. and is estimated at 7.6% per annum. Average (unweighted) interest rates for annual deposits in the amount of 700 thousand rubles. decreased by 0.4 p.p. up to 9.3%.
In general, according to the DIA, due to a certain lack of liquidity, a gradual increase in interest rates on deposits will continue in the near future.
Currency and term structure of deposits
In the first half of 2014, the share of deposits in foreign currency increased from 17.4% at the beginning of the year to 18.9% as of July 1, 2014. At the same time, according to the results of the first quarter, due to the weakening of the ruble and the influx of deposits in foreign currency, the share of foreign currency deposits amounted to 20.3%. However, in the second quarter, due to the strengthening of the ruble, the share of foreign currency deposits declined somewhat.
share long term deposits(over 1 year) in the first half of the year increased from 61.8 to 63.4%, while the main growth occurred in the first quarter. Share of term deposits less than 1 year in reporting period decreased from 19.3 to 18.5%. The share of demand deposits also decreased from 18.9% to 18.1%. Thus, the population preferred more profitable long-term deposits.
Concentration of deposits
The share of the 30 largest banks in terms of household deposits in the first half of 2014 did not change, amounting to 78.7%. At the same time, the share of Sberbank decreased from 46.7% to 46.3%.
The highest growth rates of deposits were observed in network and "regional" banks - by 3.1% and 3.0%, respectively. Deposits in banks of the Moscow region decreased by 3.7%.
DIA insurance liability
The amount of insurance liability of the DIA (potential liability to pay insurance compensation) in the first half of 2014 remained almost unchanged, having increased by 0.2 p.p. up to 65.7% of all deposits. Excluding Sberbank of Russia - increased from 53.0 to 54.6%.
The banking crisis in the country, the difficult economic situation make people think about how reliable banks are, whether investments on deposits are protected and what is the amount of deposit insurance. Almost every month, the Central Bank of the Russian Federation revokes the license of a financial and credit organization. The state is trying to protect citizens' savings in banks, so depositors should know how much the insured deposit amount is, who makes payments to reimburse investments, and what procedure for applying to the DIA is accepted.
In order to avoid the panic of citizens when the banks where they invested their funds stop serving legal entities and individuals, the state created a special tool that protects the savings of citizens by determining what the sum insured deposit should be, subject to compensation when the license or temporary license is revoked from a credit institution. termination of its work with debtors and creditors.
Deposit insurance system (DIS) based on state support accepted in many countries around the world. Its work is aimed at stabilizing the banking sector, preventing panic, increasing public confidence in banks and reducing the likelihood of a collapse. national currency– if the person knows that there is a return guarantee invested funds, then he calmly takes the indicated actions to obtain fireproof investments.
If the bank went bankrupt, lost its license or other force majeure circumstances occurred due to which credit organisation cannot fulfill its obligations to depositors, then the invested funds do not “freeze”, but quickly return back to the depositor in the amount specified by law. The maximum amount of the insured deposit for 2017 is 1,400,000 rubles - if the invested funds do not exceed this amount, they can be returned along with accrued interest on the basis of an agreement with the bank.
All operations for the return of insured deposit amounts are carried out by a specialized agency (DIA), acting by order of the state and guided by Federal Law No. 177 of December 22, 2003 or other normative documents. More than 100 billion rubles have been accumulated on DIA accounts, which are made up of contributions from the state, banks participating in the system and investment of invested amounts in certain assets, securities and other profitable instruments.
All information is posted on the official website of the DIA, where depositors can get acquainted with how this structure makes payments of insured money, with the register of banks participating in the system, and the nuances of settlements. According to accepted requirements, any financial institution, which accepts clients' money for deposits, is obliged to become a CER participant and deduct certain interest on CERs, as well as insure the client's deposit and indicate this clause in the contract. The DIA is obliged to submit a register of participants in this program.
Experienced specialists advise to open deposits in different banks if the depositor operates with large amounts of investments, since one financial institution can receive no more than 1.4 million rubles from the insured deposit amount, regardless of the number of deposits and the amount of finance. At the same time, it does not matter whether investments are placed in the bank itself or in its subsidiary - only the indicated amount will be reimbursed - 1,400,000 rubles. There are some nuances in compensation:
The full list of financial institutions whose agreements with depositors must contain the insured deposit amount is available on the official website of the DIA, where you can see the current state of affairs in a particular credit structure - whether it is a member of the system, excluded from it, whether it has the right accept citizens' funds for deposits. As of October 24, 2017, there are 788 participating banks in the register, of which the largest can be distinguished - Sberbank, VTB 24, Alfa-Bank, Raiffeisen Bank, Gazprom and others.
On the main page of the DIA website, select the section on the list of insurance participants, type the full name of the credit institution and check whether it is included in common system insurance. Many banking companies treat their investors in bad faith, hiding their investments from accounting, so there were cases when the insured deposit amount was not compensated when the bank was liquidated, despite the fact that it was listed as insured in the contract. To avoid such a nuisance, follow these recommendations:
The DIA emphasizes that not only the insured deposit amount is subject to compensation, but also the interest that the financial institution has committed to accrue. The following types of investments are compensated:
Not all funds held in debit accounts are refundable. The following investments are not eligible for compensation:
Many depositors have questions regarding the specifics of their contractual relationship with banking structure, as to whether the insured deposit amount is subject to compensation or not. It is necessary to monitor all changes in federal regulations and laws regarding the procedure for payments under certain contracts. You can find out about your situation by opening the tab on the DIA website regarding constantly asked questions and answers. If the information is not found, then call the indicated phone number hotline agencies.
Along with ruble deposits, foreign currency deposits opened in Russian banks- CER participants are considered to be insured. However, there are some nuances in their compensation. All deposits in foreign currency are compensated in rubles, based on the dollar exchange rate at the time of the insured event. The latter include the following events:
The financial and credit structure must fulfill its obligations to its depositors, therefore, all due interest on investments is accrued on the date of the occurrence of the insured situation, and is compensated according to the deposit contract, within the time limits established by it, in contrast to the body of the deposit, which is reimbursed almost immediately after force majeure . The last day of accrual of additional interest payments is the moment of occurrence of the insured event.
A deposit opened by a banking structure, certified by a personal certificate (indicating a specific person on the official form of the document), is insured. The owner is entitled to compensation payments due at the face value of this security. You can get finance at general order established by the DIA. However, if the certificate was issued not for a specific citizen, but for the bearer, then it will not be possible to insure or reimburse it. Be sure to consider these nuances when registering securities.
Until January 1, 2014, all the money available on the debit accounts of private entrepreneurs was not compensated, as were the funds legal entities. However, if the insured event occurred after January 1, 2014, the entrepreneur has the right to receive his finances back if they do not exceed 1,400,000 rubles. If the entrepreneur had accounts in a banking company opened for an individual and for carrying out activities, they will be compensated in proportion to the deposits, however, the total compensation does not exceed the established maximum amount.
If the bank's license was revoked, then within the next week, the DIA disseminates information in the media about the agent bank, where you can get the insured deposit amount. Legislation allows a depositor to receive his finances directly from the DIA, but not earlier than 2 weeks after the occurrence of an insured situation. The agent is selected with the presence a large number branches and subdivisions in order to eliminate the hype among the depositors.
The depositor himself or his heir, in the event of the depositor's death, can apply to the DIA or an agent bank to satisfy the requirements. The procedure for obtaining the guaranteed insured deposit amount is as follows:
Some clients are denied compensation payments. Sometimes banks, in order to attract funds from wealthy people, put forward the most attractive conditions for deposits, the initial amount of which exceeds one and a half million rubles. It is clear that the difference between the excess between 1.4 million insured rubles and the amount of the deposit will burn out if the bank stops its work.
To try to avoid such an unpleasant situation, depositors, after the occurrence of an insured event, try to “break” their deposits into several parts, opening new contracts or transferring excess amounts to their relatives. DIA sees fraud in such actions and refuses compensation. To avoid non-payment of compensation, try not to open accounts with your family in the same bank and not transfer any amounts to them.
Deposit insurance- a system that allows private depositors - individuals to receive funds in case of revocation of a license or bankruptcy of a credit institution. To do this, banks pay insurance premiums for attracted deposits to a specialized fund, from where payments are made in case of default.
History of deposit insurance
The first mandatory deposit insurance system for individuals appeared in the United States during the Great Depression in 1933 on the basis of the Glass-Segal Act. At first, the specially created Federal Deposit Insurance Corporation paid out no more than $5,000 per depositor. Subsequently, this amount was increased to 100 thousand. For the winter of 2017, it is 250 thousand dollars. Similar deposit insurance systems exist in other countries.
Bank deposit insurance in Russia
At the same time, compulsory insurance of deposits of individuals in the Russian Federation serves as a condition for obtaining a license to attract money from citizens.
Deposit insurance compensation amount
In the event of an insured event at the bank, compensation is paid not only to individuals, but also - secondarily - to individual entrepreneurs (IP). Russian clients receive 100%* of the amount of the insured bank deposit, but not more than 1.4 million rubles for all accounts in one bank. Also, from January 1, 2019, the deposit insurance system will be extended to micro and small businesses. If the license is revoked by the Central Bank, a company included in the Register of Small and Medium-Sized Businesses will be able to return the money placed on the account or deposit in the amount of 1.4 million rubles.
In this case, the currency is converted into rubles at the exchange rate of the Central Bank on the day of the insured event. Insurance payments on a deposit in one bank do not affect the amount of compensation in case of default in another bank for the same client.
*However, if there is a loan in the same bank, the client will receive the deposit amount minus the debt amount.
Uninsured deposits
Non-insurance, i.e., not subject to the deposit insurance system for individuals, include the following types of funds:
In order to be guaranteed compensation in the event of a bank's license being revoked or its bankruptcy, the depositor needs to make sure that the credit institution in which he opens an account is a member of the compulsory deposit insurance system for individuals. Such information can be obtained, for example, on the DIA website.
Compulsory deposit insurance system (CIS)– special Government program implemented in accordance with federal law dated December 23, 2003 No. 177-FZ “On insurance of deposits in banks of the Russian Federation”.
The main objectives of the CER are:
The State Corporation "Deposit Insurance Agency" (hereinafter - the Agency) was established to ensure the functioning of the DIS and, first of all, to ensure the payment of compensation on deposits in banks participating in the DIS in the event of an insured event.
Operation of the mandatory deposit insurance system
Participation in DIS is mandatory for all banks that have the right to work with deposits of individuals. Deposits are considered insured from the day the bank is included in the register of banks participating in the DIS. The current list of banks participating in the DIS is published on the official website of the Agency in the information and telecommunications network "Internet"
Currently, depositors of 718 (as of February 27, 2020) banks participating in the deposit insurance system are protected by DIS, including:
The funds of depositors who have concluded a bank deposit agreement or an agreement with the bank are subject to insurance. bank account, including deposits certified by savings certificates.
In accordance with federal law, investors include:
The following funds are not subject to insurance:
An insured event is one of the following events:
1) revocation (cancellation) by the Bank of Russia of the bank's license to carry out banking operations; 2) introduction by the Bank of Russia in accordance with legislation the Russian Federation a moratorium on meeting the requirements of the bank's creditors. An insured event is considered to have occurred from the day the license of the Bank of Russia was revoked (cancelled) from the bank or from the day a moratorium was introduced on satisfying the claims of the bank's creditors.
Informing by the Agency of depositors about the occurrence of an insured event
Information about the occurrence of an insured event against a bank is published on the official website of the Bank of Russia and on the official website of the Agency on the Internet, as well as in the mass media. The Agency, within 5 working days from the date of receipt from the bank in respect of which the insured event occurred, the register of the bank's obligations to depositors, shall be posted on the official website of the Agency in the information and telecommunications network "Internet" and sent to this bank, as well as to the Bank of Russia for placement on its official website in the information and telecommunications network "Internet" and in the periodical printed publication at the location of this bank a message containing information about the place, time, form and procedure for accepting applications from depositors for payment of compensation on deposits. In addition, within 1 month from the date of receipt from the bank of the register of the bank's obligations to depositors, the Agency also sends a corresponding message to each depositor of this bank, the data on which is contained in the register and to which, as of the date of sending this message, the bank has obligations on deposits.
The depositor can receive all this information by calling the Agency's hotline (8-800-200-08-05) (calls within Russia are free).
The depositor can also subscribe to news about the bank of interest to him on the official website of the Agency on the Internet. In this case, the depositor to the address Email, indicated by him when subscribing, the news posted on the Agency's website in the section "Deposit insurance / Insured events" for this bank are sent automatically.
The amount of insurance compensation
The amount of compensation payable on deposits is determined on the basis of the amount of the bank's obligations to the depositor insured in accordance with the federal law.
Reimbursement on deposits is paid by the Agency to the depositor of the bank in the amount of 100 percent of the amount of all his deposits, including interest, but not more than 1.4 million rubles. In total.
On escrow accounts opened for settlements under a purchase and sale transaction real estate and for settlements under the participation agreement in shared construction, the maximum amount of insurance compensation is 10 million rubles. The reimbursement for escrow accounts is calculated and paid separately from the reimbursement for other deposits.
Interest is calculated on the date of occurrence of the insured event based on the terms of each specific bank deposit (account) agreement.
For bank deposits denominated in foreign currency, the amount of compensation is calculated in the currency of the Russian Federation at the exchange rate set by the Bank of Russia on the day of the insured event.
The amounts of the bank's counterclaims against the depositor (for example, on a loan taken by the depositor in the same bank) are deducted from the amount of deposits when calculating the compensation paid by the Agency. At the same time, the subtraction of the amount of counterclaims does not mean their automatic repayment (full or partial). The depositor's obligations to the bank remain the same and must be performed properly in accordance with the terms of the agreements concluded with the bank.
In case of full or partial repayment by the depositor of the debt to the bank, the depositor is entitled to receive insurance compensation in the appropriate amount. At the same time, he can send an application to the bank in free form on making appropriate changes to the register of the bank's obligations to depositors.
You can get information about all available methods of loan repayment and pay a loan to a bank whose license for banking operations has been revoked on the Agency's payment portal: www.payasv.ru.
Payment of insurance compensation
Acceptance of applications from depositors for payment of compensation on deposits and payment of compensation for deposits begin, as a rule, 10–14 calendar days after the occurrence of an insured event. The specified time is necessary for the Agency to receive from the bank information on deposits (register of obligations), its verification and organization of payments.
You can apply for payment during the entire period of liquidation of the bank. On average, the bank liquidation procedure takes about 3 years.
Insurance compensation to depositors who did not have time to apply for the payment of insurance compensation is carried out by the Agency upon applications in exceptional cases, for example, in case of a serious illness, long-term business trip abroad, military service.
In order to ensure the fastest possible payment of compensation on deposits, accepting applications from depositors for the payment of compensation on deposits (the application form is posted on the official website of the Agency on the Internet) and other required documents, as well as the payment of compensation itself, can be carried out by the Agency through agent banks acting on its behalf and at its expense.
The selection of agent banks is carried out on a competitive basis. The announcement of the results of the selection of agent banks is posted on the official website of the Agency on the Internet no later than 7 days after the occurrence of the insured event.
Payment of compensation on deposits is made within 3 working days from the date of submission by the depositor to the agent bank of an application for payment of compensation on deposits and an identity document. Compensation can be paid both in cash and by transferring funds to the bank account indicated by the depositor opened with the bank. Payment of compensation on deposits of individual entrepreneurs is carried out only to the account opened for entrepreneurial activities. Payment of compensation on deposits of a small enterprise is made to the bank account of this small enterprise opened with a bank.
The timing of the start of payments and the name of the agent bank, including the addresses of its offices where you can receive insurance compensation, are published on the official website of the Agency on the Internet and in the media.
If the court decides to liquidate the bank, settlements with depositors in excess of the payment made by the Agency are carried out in the course of the bankruptcy proceedings or compulsory liquidation carried out by the decision of the arbitration court. Such claims of depositors are satisfied as part of the claims of creditors of the first priority.
Financial bases of CERs
In order to make insurance payments, the federal law provides for the formation of a mandatory deposit insurance fund (hereinafter referred to as the Fund). The fund is formed from the insurance premiums of banks - participants of the DIS, income from investment temporarily free funds Fund, property contribution of the Russian Federation.
Insurance premiums are paid by the banks participating in the CER on a quarterly basis. The rate of insurance premiums is set by the Board of Directors of the Agency. Since the third quarter of 2015, a mechanism for paying contributions at differentiated rates has been introduced. Application increased rates depends on the maximum interest rates of banks on deposits attracted by them and the assessment by the Bank of Russia of their financial position, including the supervisory response measures introduced by the Bank of Russia.
The procedure and mechanisms for control over the investment of temporarily free funds of the Fund are established by the Government of the Russian Federation. The list of assets allowed for investment is strictly regulated. Data on income from investing the Fund's resources are published in the annual reports of the Agency.
The Fund's funds spent on payments are fully or partially returned to the Fund upon satisfaction of the Agency's claims to liquidated banks that have passed to it as a result of payment of insurance compensation to their depositors.
The funds of the Fund have a strict special purpose and can only be spent on the payment of reimbursement on deposits. In order to control the targeted spending, the funds of the Fund are accounted for on a specially opened account of the Agency with the Bank of Russia.
Financial stability CERs are provided by the Agency's property, and, if necessary, by federal budget, as well as loans provided by the Bank of Russia.
Deposit Insurance Agency (DIA)– non-profit organization created by the state to ensure the work Deposit insurance systems (DIS) and advocacy contributors. The DIA operates on the basis of the Federal Law of December 23, 2003 No. 177-FZ "On Insurance of Deposits in Banks of the Russian Federation" (Federal Law No. 177-FZ). The organizational and legal form of the DIA is a state corporation. It is the DIA that organizes the payment of compensation to individuals and legal entities for deposits, which are insured in accordance with Federal Law No. 177-FZ, from funds compulsory deposit insurance fund.
Bank - member of the DIS- a credit institution that has the right to attract funds from the population in contributions. The bank must pay insurance premiums in Mandatory Deposit Insurance Fund; inform depositors about their participation in CERs, about the procedure and amounts for receiving reimbursement on deposits; keep records of the bank's obligations to depositors.
Contribution- funds placed by investors in banks participating in DIS on the territory of the Russian Federation on the basis of a bank deposit agreement or a bank account agreement. The term "deposit" includes capitalized (accrued) interest on the amount of the deposit. Deposits are subject to insurance protection both in rubles and in foreign currency. The exclusion of certain types of monetary obligations from insurance is established by law. In particular, the following are not subject to insurance: funds placed on bank accounts (in deposits) of lawyers, notaries and other persons open for professional activities; deposits, the making of which is certified by a certificate of deposit; funds transferred to banks for trust management; deposits in branches of Russian banks located abroad; electronic money; funds placed on nominal accounts, with the exception of nominal accounts that are opened for guardians or trustees and the beneficiaries of which are wards, pledge accounts and escrow accounts, unless otherwise established Federal Law No. 177-FZ; funds placed in subordinated deposits; funds placed by or in favor of legal entities, except for funds placed by or in favor of small enterprises. In addition, deposits that are not nominated in monetary units(for example, in grams of precious metals).
Contributor- a citizen of the Russian Federation, a foreign citizen, a stateless person, including those carrying out entrepreneurial activity, or a legal entity classified in accordance with the legislation of the Russian Federation to small enterprises, information about which is contained in the unified register of small and medium-sized businesses, which is maintained in accordance with the Federal Law of July 24, 2007 No. 209 - FZ "On the Development small and medium-sized businesses in the Russian Federation”, which concluded a banking agreement with the bank contribution or bank account agreement. The investor is entitled by law to receive insurance compensation in the bank against which the insurance case. In order to exercise this right, individual depositor it is enough to submit a relevant application and a document proving his identity. Counterclaims- financial obligations contributor to the bank (balance of debt on a loan, overdraft, etc.). Counterclaims reduce the amount of obligations in the calculation insurance compensation. Payment of insurance indemnity does not entail automatic termination (offset) of counterclaims.
Register of banks participating in DIS- list of banks, contributions in which they are insured in accordance with Federal Law No. 177-FZ. The registry is maintained by the DIA. It is available for review on the official DIA website on the Internet. If the bank has insurance case, then it is subject to exclusion from the register after the completion of the bankruptcy (liquidation) of the bank by the DIA.
Register of bank liabilities- a list of the bank's obligations to depositors and counterclaims bank to contributors on the basis of which the payment is made insurance compensation. Contains information about contributors; about contributions and about counterclaims bank to contributor.
Deposit insurance system (DIS)– a special state program implemented in accordance with the Federal Law “On Insurance of Deposits in Banks of the Russian Federation”. Its main task is to protect the savings of the population placed in Russian banks. CER allows contributors upon the occurrence of an insured event, receive reimbursement on deposits within the maximum amount of insurance compensation established by law. The deposit insurance mechanism is as simple as possible and does not require any preliminary actions from the depositor: contributions and accounts of individuals and legal entities with a DIS member bank subject to insurance in accordance with Federal Law No. 177-FZ, are insured "automatically" from the moment of placing funds in the bank on the basis of a bank deposit/account agreement.
Insurance indemnity (reimbursement on deposit/deposits)- amount of money to be paid contributor upon the onset insured event. It is set based on the amount of the bank's liabilities to contributor minus counterclaims jar.
Reimbursement on deposits is paid in the amount of 100% of the amount of all deposits in the bank, but not more than the maximum amount of insurance indemnity established by law. The amount of the deposit includes both the amount of money contributed by the depositor and the capitalized (accrued) interest on the deposit. Insurance indemnity is paid in rubles within three working days after the depositor (his representative, heir, successor) submits an application for payment and the necessary documents (identity document, power of attorney, document on the right to inheritance), but not earlier than 14 working days from the date of occurrence of an insured event, unless an earlier date is determined by the decision of the Board of the DIA. Deposits in foreign currency are recalculated into rubles at the exchange rate of the Bank of Russia on the date of insured event.
The maximum amount of insurance compensation- a statutory limit on the total amount of compensation on deposits paid to one depositor in one bank. Starting from December 30, 2014, the maximum amount of insurance compensation is 1.4 million rubles. In the previous periods of operation, the CER was set at 100,000, 190,000, 400,000, 700,000 rubles, depending on the date of occurrence of the insured event. For certain types of accounts ( escrow accounts opened for settlements under a real estate purchase and sale transaction, and escrow accounts opened for settlements under an agreement on participation in shared construction) the maximum amount of insurance compensation is 10 million rubles.
Insurance case– revocation (cancellation) bank - member of the DIS licenses of the Bank of Russia to carry out banking operations or the introduction by the Bank of Russia of a moratorium on satisfying the claims of the bank's creditors.
Bank insurance premiums– quarterly contributions of DIS member banks to the mandatory deposit insurance fund. From July 1, 2015, differentiated insurance premium rates were introduced: basic, additional and increased additional.
Mandatory Deposit Insurance Fund – financial basis of the CER. The fund consists of the property contribution of the Russian Federation, insurance premiums of banks participating in the DIS, income from the placement of the fund's funds in government and corporate securities, cash and property received from the satisfaction of the rights of claim of the DIA, acquired as a result of paying them compensation on deposits. The Fund's resources are used to pay insurance compensation on deposits and other purposes established by federal laws.
