The banking crisis in the country and 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 any 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.

What is the deposit insurance system

To avoid panic among citizens when the banks where they invested their funds stop servicing legal entities and individuals, the state created a special instrument that protects citizens’ savings by determining what the insured amount of the deposit should be, subject to compensation when a credit institution’s license or temporary license is revoked. termination of its work with debtors and creditors.

The deposit insurance system (DIS) based on government support has been adopted in many countries around the world. Its work is aimed at stabilizing the activities of the banking sector, preventing panic, increasing public confidence in banks and reducing the likelihood of a collapse of the national currency - if a person knows that there is a guarantee of return on invested funds, then he calmly takes these actions to obtain fireproof investments.

Mechanism of action

If the bank goes bankrupt, loses its license, or other force majeure circumstances occur due to which the credit institution cannot fulfill its obligations to depositors, then the invested funds do not “freeze”, but are quickly returned 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.

DIA functions

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 regulatory documents. More than 100 billion rubles have been accumulated in the DIA accounts, which consist of contributions from the state, banks participating in the system and investment of invested amounts in certain assets, securities and other income-generating instruments.

All information is posted on the official website of the DIA, where depositors can familiarize themselves 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 credit and financial institution that accepts client money for deposits is obliged to become a participant in the CER and pay certain interest on the CER, as well as insure the client’s deposit and indicate this clause in the agreement. The DIA is required to provide a register of participants in this program.

Deposit insurance amount

Experienced specialists advise opening deposits in different banks if the depositor operates with large amounts of investment, since in one financial institution you can receive no more than 1.4 million rubles from the insured deposit amount, regardless of the number of deposits and the size of finances. In this case, it does not matter whether the investments were placed in the bank itself or in its subsidiary - only the specified amount will be reimbursed - 1,400,000 rubles. There are some nuances when compensation:

• Regardless of the currency of deposits, compensation occurs in rubles, converted at the rate at the time the bank ceases its work.
• Not only depositors' investments are compensated, but any accounts with a debit balance - salary accounts, savings accounts, owned by private entrepreneurs.

Which banks are insured by the state?

A complete list of financial organizations whose contracts with depositors must include the insured amount of the deposit is 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 participant in 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 identified - Sberbank, VTB 24, Alfa Bank, Raiffeisen Bank, Gazprom and others.

How to check if a bank deposit is insured

On the main page of the DIA website, select the section on the list of insurance participants, type the full name of the credit structure and check the information about whether it is part of the general insurance system. Many banking companies treat their investors in bad faith, hiding their investments from accounting, so there have been cases where the insured amount of the deposit was not compensated during the liquidation of the bank, despite the fact that it was listed as insured in the contract. To avoid such trouble, follow these recommendations:

• keep your copy of the contract with the bank, all checks and receipts for depositing funds into the account;
• require employees to track the movement of your money;
• regularly obtain account statements with stamps and signatures from the bank indicating that the funds are on deposit.

What deposits are insured by the state?

The DIA emphasizes that not only the insured amount of the deposit is subject to compensation, but also the interest that the financial organization has undertaken to accrue. The following types of investments are compensated:

• deposits under any conditions - term deposits, with interest capitalization, on demand;
• money lying on salary, pension, savings, and other debit accounts;
• amounts located in the current accounts of individual entrepreneurs for the implementation of work;
• reserved funds in guardian accounts intended for payments to wards;
• funds in special accounts reserved for the execution of real estate transactions.

Which deposits are not subject to compulsory insurance?

Not all funds in debit accounts are refunded. The following investments are not subject to compensation:

• amounts in the accounts of persons engaged in notarial or legal work, intended for the implementation of their functions;
• funds in unnamed bearer accounts, incl. on savings books, metal deposits and certificates;
• amounts held by banking structures in trust;
• deposits of branches of Russian banking organizations located abroad;
• amounts on electronic wallets belonging to this credit structure;
• all finances held in nominal debit accounts, except for trustee and guardianship accounts.

Refund Features

Many depositors have questions regarding the specifics of their contractual relationship with the banking structure, regarding whether the insured amount of the deposit 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 agency hotline number provided.

Foreign currency deposits

Along with ruble deposits, foreign currency deposits opened in Russian banks participating in the CER are considered insured. However, there are some nuances when compensating them. 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:

• revocation by the Central Bank of the existing license for banking activities;
• imposing a moratorium (temporary cessation of all activities) on transactions with depositors, creditors and other persons who are clients of a given banking organization.

The financial and credit structure must fulfill 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 frame established by it, in contrast to the body of the deposit, which is reimbursed almost immediately after force majeure circumstances . The last day for calculating additional interest payments is considered to be the moment the insured event occurs.

Savings certificates

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 receive finance in accordance with the general procedure established by the DIA. However, if the certificate was issued not to a specific citizen, but to the bearer, then it will not be possible to insure or reimburse it. Be sure to take these nuances into account when registering securities.

Funds in individual entrepreneurs' bank accounts

Until January 1, 2014, all money available in the debit accounts of private entrepreneurs was not compensated, as were funds from 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 an entrepreneur had accounts with 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.

Insurance amount for deposits - procedure for receiving

If a bank’s license is revoked, then over the next week the DIA distributes information in the media about the agent bank where you can receive the insured deposit amount. The law allows the depositor to receive his finances directly from the DIA, but not earlier than 2 weeks after the occurrence of the insurance situation. An agent is selected with a large number of branches and divisions in order to eliminate the rush among depositors.

The depositor himself or his heir can contact the DIA or the agent bank to satisfy the requirements in the event of the death of the depositor. The procedure for receiving the guaranteed insured deposit amount is as follows:

1. The depositor will find out which agent bank the insured amounts were transferred to.
2. Apply to the branch of this financial structure, having an identity card with you. In some cases, you need to bring the original bank contract for the deposit. The heirs of the deceased investor additionally provide information about the right to the insured funds.
3. An application for receiving the required insured amount is drawn up and given to a bank representative, who checks the presence of the given creditor in the general list using the register of obligations.
4. Payments are made immediately after the depositor's request in a way convenient for him - in cash or by transfer to the specified account.

Who can the DIA refuse to pay?

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 in excess between 1.4 million insured rubles and the amount of the deposit will burn out if the bank stops operating.

To try to avoid such an unpleasant situation, depositors, after the occurrence of an insured event, try to “split” their deposits into several parts, opening new contracts or transferring excess amounts to their relatives. The DIA sees fraud in such actions and refuses compensation. To avoid non-payment of compensation, try not to open accounts in the same bank with your family and not transfer any amounts to them.

Video

Compulsory deposit insurance system (CDI)– a special state 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:

• protection of the rights and legitimate interests of depositors of banks of the Russian Federation;
• strengthening confidence in the banking system of the Russian Federation and stimulating the attraction of funds into the banking system of the Russian Federation.

The State Corporation “Deposit Insurance Agency” (hereinafter referred to as the Agency) was created to ensure the functioning of the DIS and, first of all, to ensure the payment of compensation for deposits in the participating banks of the DIS in the event of an insured event.

Operation of the compulsory deposit insurance system

Participation in the SSV 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 CER. The current list of banks participating in the CER is published on the Agency’s official website on the Internet information and telecommunications network

Currently, depositors of 724 (data as of December 13, 2019) banks participating in the deposit insurance system are protected by CERs, including:

• operating banks licensed to work with individuals - 365;
• existing credit institutions that previously accepted deposits but lost the right to attract funds from individuals -6;
• banks in the process of liquidation - 353.

The funds of depositors who have entered into a bank deposit agreement or a bank account agreement with the bank, including deposits certified by savings certificates, are subject to insurance.

In accordance with federal law, depositors include:

• individuals - citizens of the Russian Federation, foreign citizen, stateless person;
• individuals - individual entrepreneurs (IP);
• legal entities classified in accordance with legislation of the Russian Federation to small enterprises, information about which is contained in the unified register of small and medium-sized enterprises (SMEs) maintained by the Federal Tax Service of Russia.

The following funds are not insured:

• placed in bank accounts (deposits) of lawyers, notaries and other persons, if such bank accounts (deposits) are opened in connection with professional activities;
• placed in bank deposits, the deposit of which is certified by certificates of deposit;
• transferred to banks for trust management;
• placed on deposit in branches of banks of the Russian Federation located outside the territory of the Russian Federation;
• being electronic money;
• placed on nominal accounts, with the exception of separate nominal accounts that are opened by guardians or trustees for the benefit of wards;
• placed on collateral accounts;
• placed in subordinated deposits;
• placed by legal entities or in their favor, with the exception of funds placed by small enterprises or in their favor.

The depositor's right to compensation for deposits arises upon the occurrence of an insured event.

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 has a moratorium on satisfying the claims of bank creditors. An insured event is considered to have occurred from the date of revocation (cancellation) of the bank’s license from the Bank of Russia or from the date of the introduction of a moratorium on satisfying the claims of the bank’s creditors.

Informing depositors about the occurrence of an insured event by the Agency

Information about the occurrence of an insured event in relation to 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 media. The Agency, within 5 working days from the date of receipt from the bank in respect of which the insured event occurred, publishes the register of the bank’s obligations to depositors on the Agency’s official website on the Internet and sends it to this bank, as well as to the Bank of Russia for posting on its official website on the Internet information and telecommunications network 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 for 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, whose data is contained in the register and to whom, as of the date of sending this message, the bank has obligations on deposits.

The investor can obtain 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 he is interested in on the Agency’s official website on the Internet. In this case, the depositor is automatically sent news posted on the Agency’s website in the “Deposit Insurance/Insured Events” section for this bank to the email address he specified when subscribing.

Amount of insurance compensation

The amount of compensation payable on deposits is determined based on the amount of the bank's obligations to the depositor insured in accordance with federal law.

Compensation for deposits is paid by the Agency to a bank depositor 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.

For escrow accounts opened for settlements under a real estate purchase and sale transaction and for settlements under an agreement for participation in shared construction, the maximum amount of insurance compensation is 10 million rubles. Reimbursement for escrow accounts is calculated and paid separately from reimbursement for other deposits.

Interest is calculated on the date 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 rate established by the Bank of Russia on the day the insured event occurred.

The amounts of the bank's counterclaims to the depositor (for example, for a loan taken by the depositor from the same bank) are deducted when calculating the compensation paid by the Agency from the amount of deposits. At the same time, subtracting 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 fulfilled properly in accordance with the terms of the agreements concluded with the bank.

If the depositor repays the debt to the bank in full or in part, the depositor has the right to receive insurance compensation in the appropriate amount. At the same time, he can send a free-form application to the bank to make appropriate changes to the register of the bank’s obligations to depositors.

You can obtain information about all available methods of loan repayment and pay a loan to a bank whose license to carry out 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 for deposits and payment of compensation for deposits begin, as a rule, 10–14 calendar days after the occurrence of the insured event. The Agency needs the specified time to receive information from the bank about deposits (register of obligations), verify it and organize payments.

You can apply for payment during the entire period of bank liquidation. On average, the bank liquidation procedure takes about 3 years.

Insurance compensation for depositors who did not have time to apply for payment of insurance compensation is carried out by the Agency upon applications in exceptional cases, for example, in case of serious illness, long-term business trip abroad, or military service.

In order to ensure the fastest possible payment of compensation for deposits, the acceptance from depositors of applications for payment of compensation for deposits (the application form is posted on the Agency's official website on the Internet) and other necessary documents, as well as the payment of compensation itself, can be carried out by the Agency through agent banks, acting on his behalf and at his 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 Agency’s official website on the Internet no later than 7 days after the occurrence of the insured event.

Payment of compensation for deposits is made within 3 business days from the date the depositor submits to the agent bank an application for payment of compensation for deposits and an identification document. Payment of compensation can be made either in cash or by transferring funds to a bank account opened with the bank specified by the depositor. Payment of compensation for deposits of individual entrepreneurs is carried out only to an account opened for business activities. Payment of compensation for deposits of a small enterprise is made to the bank account of the small enterprise opened with the bank.

The start dates for payments and the name of the agent bank, including the addresses of its offices where insurance compensation can be received, are published on the Agency’s official website on the Internet and in the media.

If the court makes a decision to liquidate the bank, settlements with depositors in the amount exceeding the payment made by the Agency are carried out during the bankruptcy proceedings or forced liquidation carried out by decision of the arbitration court. Such claims of depositors are satisfied as part of the claims of first-priority creditors.

Financial Basics of CERs

To make insurance payments, federal law provides for the formation of a compulsory deposit insurance fund (hereinafter referred to as the Fund). The Fund is formed from insurance premiums of banks - participants of the CER, income from investing temporarily free funds of the Fund, and the property contribution of the Russian Federation.

Insurance premiums are paid by banks participating in the CER on a quarterly basis. The rate of insurance premiums is established by the Agency's Board of Directors. Since the third quarter of 2015, a mechanism for paying contributions at differentiated rates has been introduced. The application of increased rates depends on the maximum interest rates of banks on the deposits they attract and the Bank of Russia’s assessment of their financial situation, including the supervisory response measures introduced by the Bank of Russia.

The procedure and mechanisms for control over the investment of temporarily available funds of the Fund are established by the Government of the Russian Federation. The list of assets permitted for investment is strictly regulated. Data on income from investing the Fund's funds are published in the Agency's annual reports.

The Fund's funds spent on payments are fully or partially returned to the Fund upon satisfaction of the Agency's claims against liquidated banks transferred to it as a result of the payment of insurance compensation to their depositors.

The Fund's funds have a strict purpose and can only be spent on paying compensation for deposits. In order to control the intended expenditure, the Fund’s funds are accounted for in a specially opened Agency account with the Bank of Russia.

The financial stability of the CER is ensured by the Agency's property, and, if necessary, funds from the federal budget, as well as loans provided by the Bank of Russia.

Deposit Insurance Law

Glossary of basic terms

Deposit Insurance Agency (DIA)– a non-profit organization created by the state to provide work Deposit insurance systems (DIS) and protection of interests investors. 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 DIA is a state corporation. It is the DIA that organizes the payment of compensation to individuals and legal entities for deposits, insurance of which is carried out in accordance with Federal Law No. 177-FZ, from funds compulsory deposit insurance fund.

The bank is a participant of the SSV– a credit institution that has the right to attract funds from the public in deposits. The bank must pay insurance premiums V Mandatory Deposit Insurance Fund; inform depositors about their participation in the cash reserves, about the procedure and amount of receiving compensation for deposits; keep records of the bank's obligations to depositors.

Contribution– funds placed by investors in banks - participants of the CER on the territory of the Russian Federation on the basis of a bank deposit agreement or a bank account agreement. The concept of “deposit” includes capitalized (accrued) interest on the deposit amount. Deposits in both rubles and foreign currency are subject to insurance protection. 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 in bank accounts (deposits) of lawyers, notaries and other persons opened 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, collateral accounts and escrow accounts, unless otherwise established Federal Law No. 177-FZ; funds placed in subordinated deposits; funds placed by legal entities or in their favor, with the exception of funds placed by small enterprises or in their favor. In addition, deposits that are not denominated in monetary units (for example, in grams of precious metals) are not subject to insurance.

Investor– a citizen of the Russian Federation, a foreign citizen, a stateless person, including those engaged in entrepreneurial activities, or a legal entity classified in accordance with the legislation of the Russian Federation as a small enterprise, information about which is contained in the unified register of small and medium-sized businesses, maintained by in accordance with the Federal Law of July 24, 2007 No. 209 - Federal Law “On the Development of Small and Medium-Sized Enterprises in the Russian Federation”, having 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 in respect of which the insurance case. In order to exercise this right, to an individual depositor It is enough to submit a corresponding application and a document proving his identity. Counterclaims– monetary obligations investor to the bank (balance of debt on a loan, overdraft, etc.). Counterclaims reduce the amount of obligations upon settlement insurance compensation. Payment of insurance compensation does not automatically terminate (offset) counterclaims.

Register of banks – participants of the CER– list of banks, deposits in which they are insured in accordance with Federal Law No. 177-FZ. The register is maintained by the DIA. It is available for review on the official website of the DIA on the Internet. If the bank has a insurance case, then it is subject to exclusion from the register after the DIA completes bankruptcy (liquidation) procedures of the bank.

Register of bank liabilities– a list of the bank’s obligations to depositors and counterclaims bank to to investors, on the basis of which payment is made insurance compensation. Contains information: about investors; O contributions and about counterclaims bank to to the investor.

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 population’s savings placed in Russian banks. SSV allows to investors upon the occurrence of an insured event, receive compensation for 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: deposits and accounts of individuals and legal entities in the participating bank of the CER, subject to insurance in accordance with Federal Law No. 177-FZ, are insured “automatically” from the moment the funds are placed in the bank on the basis of a bank deposit/account agreement.

Insurance compensation (reimbursement for deposit/deposits)– amount of money to be paid to the investor upon arrival insured event. It is established based on the amount of the bank’s obligations to investor minus counterclaims jar.
Compensation for 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 compensation established by law. The deposit amount includes both the amount of funds contributed by the depositor and capitalized (accrued) interest on the deposit. Insurance compensation is paid in rubles within three working days after the depositor (his representative, heir, legal 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 the occurrence of an insured event, unless an earlier date is determined by a decision of the DIA Board. Deposits in foreign currency are converted into rubles at the Bank of Russia exchange rate on the date of insured event.

Maximum amount of insurance compensation– a legal limit on the total amount of compensation for 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 previous periods of operation, the CIC was set equal to 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 for participation in shared construction) the maximum amount of insurance compensation is 10 million rubles.

Insurance case– revocation (cancellation) from bank - participant of the CER 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 from participating banks to the compulsory 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 DIC, income from the placement of fund funds in government and corporate securities, cash and property received from satisfying the rights of claim of the DIA, acquired as a result of paying them compensation for deposits. The Fund's funds are used for payments insurance compensation for deposits and other purposes established by federal laws.

In a situation where the bank in which a person has a deposit goes bankrupt, he wonders how to get his money back. In this case, you should take out deposit insurance.

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How to protect your deposit in a bank in case of its liquidation? When you deposit your money into a bank account with interest, there is a risk of not getting your money back in case the bank goes bankrupt.

To achieve this, the state assumes responsibility to pay compensation to depositors.

Initial information

What is a deposit insurance system? This is a government deposit protection program that guarantees compensation of deposits in the event of bankruptcy of a banking organization.

The role of the insurer lies with the Association of Deposit Insurance of Individuals (hereinafter DIA). The agreement for the deposit is possible.

What it is

Due to the economic situation in the country, in which many banks are losing their permission, clients are interested in the amount of payment.

According to the law, clients will be reimbursed the entire amount if it does not exceed 1.4 million rubles. Payments are issued only in , regardless of whether the deposit was opened in foreign currency or in national currency.

If the client had a deposit in foreign currency, then the conversion takes place at the rate of the Central Bank of the Russian Federation on the day the insured event was established.

The deposit will be returned 100% of the original amount, but not more than the amount established by the state of 1.4 million rubles.

How does the deposit insurance payment process work?

After the bankrupt bank's debt has been revoked, the bank is prohibited from servicing clients. This will be indicated in the media, on the Internet resource of the Central Bank of Russia, and on the website of the bankrupt bank itself.

Within seven days, the DIA receives a register of depositors from the bankrupt banking institution and transfers it to the agent bank, which is obligated to repay the investment.

Within a month from receiving the register, the DIA informs depositors about the status of their deposit, which branch it was transferred to, how to contact the agent bank, and what is needed to receive the savings.

The client applies to the agent bank branch with an application for payment and a passport of a citizen of the Russian Federation, and after three days receives an insurance payment.

If the client disagrees about the amount of payment, the Agency advises the client to submit additional documents that dispute the payment and are actually justified, and sends them to the bank for processing.

The bank, in turn, undertakes to review the deposit payment amount within 10 calendar days.

If the client proves that he is right, the bank makes changes to the list of obligations and informs the Association about this, and sends an updated list. Then payments are made to the client.

If the client does not agree with the amount of compensation, he can sue to accept the composition and amount of compensation. Issue occurs through the bank's cash desk and by transferring money to the bank account specified by the client.

On what terms is the contract drawn up?

The insurance agreement must be in writing. Failure to comply with the written form shall result in the invalidity of the agreement, with the exception of the agreement of compulsory state insurance.

The insurance agreement can be executed by drawing up a single document or by delivering the insurer to the policyholder based on his written or oral application of the insurance policy (certificate, certificate, receipt) signed by the insurer.

In the latter situation, the consent of the policyholder to draw up a contract on the terms proposed by the insurer is confirmed by acceptance from the insurer of the papers specified in the first paragraph of this paragraph.

When drawing up an insurance contract, the insurer has the right to use standard forms of contract (insurance policy) developed by it or an association of insurers for certain types of insurance.

Regular insurance of various batches of identical assets (goods, cargo, etc.) on similar conditions for a certain time can, under an agreement between the insured and the insurer, be carried out on the basis of one insurance contract - a general policy.

The policyholder must, in relation to each group of assets covered by the general policy, notify the insurer of the data stipulated by such policy within the period stipulated by it, and when it is not provided for, immediately upon receipt.

All depositors of Russian banks are insured by law on equal terms:

• Deposits of individuals in banks and insurance savings in non-state pension funds are included in the compulsory insurance system;
• compensation is paid only upon the occurrence of an insured event;
• the maximum amount of compensation for one client is up to 1.4 million rubles;
• a unified list of documents for obtaining insurance;
• You can recover the difference between the insurance and the actual deposit amount through the court.

Before concluding a deposit agreement, bank employees must tell the client about the conditions. The lack of data on the bank's participation in the CER is the basis for appealing the bank's actions.

Characteristic grounds for an insurance contract. In the property insurance agreement, an agreement must be reached:

1. About a specific asset or other property interest that is the subject of insurance.
2. On the nature of the situation in the event of which insurance is provided (insured event).
3. About the amount of insurance payment.
4. About the duration of the agreement.

Required documents

To receive compensatory payments, the client must submit a completed Application in the appropriate form posted on the website of ANO “FZV” for consent to the purchase by ANO “FZV” of rights (requests) to a banking organization, as well as other necessary papers.

Required documents:

1. Documents that prove the client’s identity (passport of a citizen of the Russian Federation or another document that is recognized as a document proving identity, including on the basis of which deposits (deposits) and their photocopies are issued.
2. A certificate confirming that the client has been assigned a taxpayer registration number (TIN).
3. Certificate of state registration of a private person – individual entrepreneur.
4. Original documents that prove the presence of obligations of the banking organization to the client, including a bank deposit agreement or a bank account agreement. Savings books, personalized savings certificates or other papers that prove the presence and magnitude of the banking organization’s obligations to the client specified in the Application. Account statements, receipts and expenditures for cash and non-cash transactions.
5. Request to a banking organization to provide data on deposits (the request form is contained in the Application form).

When submitting an application, the client’s representative (legal representative of the client), his heir, also presents the necessary papers.

They prove the authority of the applicant - a notarized or equivalent power of attorney, a certificate of title to property and other papers that prove the authority of the representative in accordance with the law.

The main features of the agency’s functions in compiling registers

The state system of deposit insurance in banking organizations in Russia is based on the Federal Law “On the insurance of deposits of individuals in banks of the Russian Federation.”

It obliges all banking institutions that have licenses to attract deposits to make insurance payments to a special fund, which is managed by the Deposit Insurance Agency.

In the event of the loss of a license by one of the institutions participating in the system, this fund is used to insure clients of their funds.

The main task of the system is to save the deposits of citizens located in Russian institutions. The deposit insurance system consists of:

Deposit	Any investment in a bank of the Russian Federation, except for bearer deposits, made by individuals who are engaged in entrepreneurial activities without forming a legal entity, placed in foreign branches of Russian banking organizations transferred to the entrusted management of banks
Banks participating in the deposit insurance system	Any banking organization that has a license to attract funds into deposits. The financial company must pay money to the insurance fund every month. The percentage is the same for all institutions and cannot exceed 0.15 percent of the average deposits for the quarter. Currently this rate is 0.1 percent
DIA	Maintains a register of banks participating in the system, manages the insurance fund, in the event of an insured event, carries out the calculation and provision of compensation, bankruptcy management and performs the functions of financial recovery of the credit company
Agent banks	They are charged by the deposit insurance agency to make payments to clients; they are the largest and most financially stable banking organizations in Russia. The register of such companies is also maintained by the DIA

What changes may there be in the amount of compensation in the event of an insured event?

The amount of insurance compensation depends on four components:

1. From the amount of the insurance cost.
2. The amount of damage caused by the insured event.
3. The amount of the insured amount for which the insurance object is insured.
4. The system of the so-called insurance deposit provided for in the agreement, which occurs in case of incomplete property insurance.

More than three hundred Russian banks are currently in the process of liquidation - such data was published in November. Almost each of these credit institutions attracted deposits from individuals and individual entrepreneurs. The deposit insurance system that has existed in the Russian Federation since 2004 made it possible to return a total of 1.7 trillion rubles to depositors. This state program not only provides protection against possible loss of funds, but also significantly increases the population’s confidence in banking structures and the savings institution as a whole. What is the deposit insurance system (DIS) and how is it organized?

The deposit insurance system in the Russian Federation is based on the fact that the state, in the event of a bank’s bankruptcy or revocation of its license, guarantees a quick return to individual clients and individual entrepreneurs of deposit amounts of up to 1.4 million rubles. According to the Association of Russian Banks, in the first half of 2017, the average deposit of a resident of the country was 163.1 thousand rubles, the share of deposits less than 1.4 million rubles is approaching 60%. Consequently, most of the population’s savings fall under the parameters of the deposit insurance system (DIS).

How relevant the CER is can be judged by the fact that during its validity more than 3.6 million depositors took advantage of the opportunity to receive compensation. In total, during this period, the Central Bank of the Russian Federation revoked the licenses of over 400 banks (the full list can be viewed here: https://www.asv.org.ru/insurance/insurance_cases/). In 2017, 45 credit institutions ceased operations, including members of the TOP-30 Russian banks (for example, Yugra).

The maximum amount of compensation for deposits in closed banks has increased 14 times since the beginning of the program. From 2004 to 2008 it was 100 thousand rubles, then increased to 700 thousand. Since the end of 2014, this figure has been at the level of 1.4 million rubles.

History of changes in the amount of insurance compensation:

• from January 2004 to August 9, 2006 - 100 thousand rubles;
• from August 10, 2006 to March 25, 2007 - 190 thousand rubles;
• from March 26, 2007 to October 1, 2008 - 400 thousand rubles;
• from October 2, 2008 to December 28, 2014 - 700 thousand rubles;
• from December 29, 2014 to the present - 1.4 million rubles.

Life story

I “got in” back in the early 2010s with the Holding-Credit bank, where I kept a decent amount. It simply evaporated, and the depositor base was restored literally piece by piece, from individual surviving files. Fortunately, I was included in one of the files, and the procedure went without a hitch. 4 days after the announcement of the start of payments, I came to the Sberbank branch near Gorbushka and turned to the first employee I came across. He invited a special manager, who took me to a special window, where I signed an application and almost immediately received the deposit itself (fortunately it was 370 thousand, less than the maximum) and interest. Finally they said: “THEY don’t owe you anything anymore.”.

Deposit Insurance Agency (DIA): what is it and why was it created?

The Deposit Insurance Agency (DIA) is a state organization created within the framework of the law “On insurance of deposits of individuals in banks of the Russian Federation”. The DIA's tasks include monitoring banks' contributions to a special fund from which payments are made to depositors affected by bankruptcy or revocation of a bank's license.

Since the deposit insurance system is a special government program, a corporation with 100% government participation was created in 2004 to implement it. The Deposit Insurance Agency (DIA) acts as a liquidator and bankruptcy manager of banks with revoked licenses, and most importantly, manages the compulsory deposit insurance fund, from which compensation is paid to depositors.

The volume of the fund as of October 1, 2017 was about 40 billion rubles. However, this figure in itself doesn’t say much: the process of returning deposits from closed banks occurs constantly; this year alone, the DIA attracted over 600 billion rubles as loans from. The repayment of these loans occurs due to the influx of contributions into the fund from Russian banks within the framework of the deposit insurance system.

The Agency invests available funds primarily in government securities and deposits of the Central Bank of the Russian Federation; investing insurance fund money in bank shares is prohibited by law.

The Board of Directors of the DIA is headed by the Minister of Finance of the Russian Federation; this body includes six other members of the country's government, as well as five representatives of the Central Bank, which emphasizes the official status of the Agency and its reliability, ensured by public funds.

The safety of the deposit in the event of a bank collapse is guaranteed by Federal Law No. 177-FZ “On the insurance of deposits of individuals in banks of the Russian Federation.”

Currently, the insurance system covers two categories of depositors: individuals and individual entrepreneurs.

The CER scheme is very similar to the algorithm of any compulsory insurance, only the role of insurers here is not citizens, but banks. Credit institutions pay a share of the funds raised to the Deposit Insurance Agency. From this money, the DIA forms an insurance fund, which is then spent on compensation to depositors of banks with a revoked license.

Current rates of bank contributions to the deposit insurance system

To become a participant in the CCT, the depositor does not need to enter into a separate agreement - insurance of the deposit occurs automatically when it is opened.

There are only two insurance cases in which the DIA compensates the deposit:

1 Revocation or cancellation of a bank license by the Central Bank. Occurs if signs of insolvency (impending bankruptcy) or violation of the requirements of the Central Bank of the Russian Federation are detected. Voluntary liquidation of a bank by its owners is not covered by the deposit insurance system - simply because the owners of the bank can make a decision to close only after full settlement with all creditors, including depositors.

If the owners decide to simply lock the office doors and go abroad, the bank will be liquidated by decision of the Central Bank - with the revocation of the license and compensation to customers within the framework of the deposit insurance system.

2 Moratorium. Prohibition of satisfying the claims of bank creditors (imposed by the Bank of Russia). A moratorium is introduced when the bank itself commits a delay to its creditors due to a lack of funds in its accounts.

Example: banks, in order to issue loans to individuals, themselves borrow money at a lower interest rate from other banks and organizations.

The essence of this measure is that the Central Bank suspends for 3 months any bank payments (payments on deposits, writs of execution, fines, penalties, etc.) except for current expenses (staff salaries, social benefits, utility and other business payments).

During this period, the Central Bank checks the work of the credit institution and decides whether to revoke its license. Two weeks after the introduction of the moratorium and before its end, you can contact the DIA with an application for compensation of the deposit. In the entire history of the Agency, a moratorium was introduced only twice: at Vneshprombank and Nota Bank in 2015.

Central Bank of the Russian Federation

If a bank’s license is revoked, the depositor can get back the invested amount (no more than 1.4 million rubles) without waiting for the credit institution’s procedure. The first payments are made 14 days after the announcement of the revocation of the license (if the register of depositors is in order and submitted to the DIA on time).

The deposit insurance agency works, as a rule, through agent banks; there are sixty-two of them in the DIA register. These are leading banks with state participation (for example, payments to clients of Yugra Bank were carried out by VTB24), as well as large private credit organizations (Alfa Bank, B&N Bank and others).

This was done to improve accessibility: agent bank branches, as a rule, are located in all major cities; it is easier for depositors to go there rather than send documents by mail to the DIA.

The legislation does not provide for any priority when paying compensation: two weeks after the license is revoked, any depositor (both an individual and an individual entrepreneur) can contact the agent bank - the main thing is that information about him is in the register of depositors of the bank whose license was revoked . More details about cases when information about the investor is not in the register and what to do in such situations are discussed at the end of this article.

The procedure for returning a deposit is simplified as much as possible: the depositor contacts the agent bank with a minimum number of documents. If everything is in order, the individual is transferred to the account specified by him or given in cash at the bank’s cash desk. For an individual entrepreneur, the returned funds are transferred to an account in any bank (it is most profitable to open an account with an agent bank - you do not have to pay a commission).

The revocation of a license, after which the bank ceases to operate, must be distinguished from reorganization (financial recovery). In the second case, a temporary administration is introduced in the bank, the owner may change and there will be a stir in the media, but nothing changes for the depositor - work with deposits proceeds as usual, the money can be withdrawn in full if desired. Typically, rehabilitation is used in two cases:

• The bank is important for the state of the country's economy, and its closure may lead to negative macroeconomic consequences;
• The deterioration is temporary and is associated with the panic of depositors, and not with a real financial “hole” in the bank’s capital.

In 2017, the Central Bank sanitized two credit organizations from the TOP-10 - Otkritie banks and B&N Bank.

Which banks are included in the deposit insurance system?

According to the DIA as of November 13, 2017, the deposit insurance system includes 476 operating Russian banks, which contain over 24 trillion rubles of deposits of individuals and individual entrepreneurs.

The law obliges all credit institutions that accept deposits from the public to participate in the CER. To have the right to display the “Deposits are insured” banner on their website, banks must meet several requirements:

• Reliable reporting (according to the standards of the Central Bank), errors and inaccuracies should not affect the assessment of the financial stability of the organization;
• Compliance with Central Bank standards on reserves, capital, etc.;
• The financial stability of the bank was recognized by the Central Bank as sufficient (primarily in terms of liquidity, quality of risk management and other similar parameters);
• Timely provision of information about persons under whose control the bank is located.
• Timely correction of identified violations.

Not all banks meet these requirements. 4 credit organizations are now deprived of the right to attract funds from the public. Thus, the Central Bank points out to banks the problems with accounting for deposits and the suspicion of maintaining “notebook” accounts, when money is taken from depositors, but not recorded according to documents.

After the prohibition of attracting new deposits, the Central Bank of the Russian Federation begins to check for the presence of off-balance sheet accounts - for example, about 800 depositors were identified at Miko-Bank, whose money (828 million rubles) did not pass through the bank’s balance sheet and was lost in an unknown direction. As a rule, restrictions on accepting deposits result in the revocation of the license.

There are several ways to check if your bank is a member of the CER. The easiest thing is to look on the website of the Deposit Insurance Agency (section “Participating Banks”, sorted alphabetically: https://www.asv.org.ru/insurance/banks_list/). You can also clarify the information you are interested in by calling the toll-free hotline : 8 800 200-08-05.

A special sign developed by the DIA is posted on the Internet resources of banks included in the deposit insurance system. This sign is also placed on glass at cash desks and at bank tellers.

How to return a deposit if the bank’s license has been revoked

Only the Central Bank terminates the activities of a credit institution. The reimbursement process starts immediately after the bank's license is revoked.

Within a week from the date of receipt of the register of debt to depositors, the Deposit Insurance Agency sends a message to the “Bulletin of the Bank of Russia” and the official city newspaper at the location of the bank.

The text indicates the place, time, form and procedure for accepting applications for payment of compensation for deposits. Similar information is posted on the websites of the Agency and the bank itself. Then, within 30 days, the same messages are sent to depositors by mail.

Most often, depositors learn about the revocation of their bank’s license from the media; this is usually always talked about in the news on central channels, written on major news sites and portals, such as Yandex, Mail, etc.

Finally, if you go to the bank and the office is suspiciously closed during the middle of the working day, here is what you should do:

1 Go to the DIA website and then either call the hotline 8 800 200-08-05, or enter the name of your bank in the search bar. If it turns out that the bank’s license has been revoked, then find out which bank has been appointed as the DIA agent for compensation payments. This data is posted on the Deposit Insurance Agency website, or you can ask a hotline specialist.

2 14 days after the announcement of the revocation of the bank’s license (its date is indicated on the Agency’s website), the depositor, his representative or heir writes an application in the DIA form. The form can be downloaded on the Agency’s website (https://www.asv.org.ru/insurance/, section “Document Forms”) or filled out at an agent bank. There is no need to rush, but you need to be in time before the end of the bank bankruptcy procedure (this date will be announced on the websites of the DIA and the closed credit institution). If the investor or his heir “blundered”, the term can be restored by proving that the applicant was prevented by force majeure circumstances, military service or serious illness.

3 Documents are attached to the application. A passport is enough for the investor; the representative also brings a notarized power of attorney. If the depositor is a minor, parents or guardians provide his birth certificate. Adoptive parents are required to have an adoption document, and guardians, respectively, are required to establish guardianship. If it is not possible to submit documents in person to the agent bank, they can be sent by registered mail with notification.

4 By law, the agent bank must consider the depositor’s application no later than the end of the next business day (if the register of depositors has already been received by the bank from the DIA). If the amount of compensation is small, immediately after receiving the application it is paid through the cashier (the limit depends on the rules of the agent bank - in some cases they can pay a million, but most often the amount is limited to one or two hundred thousand rubles). Otherwise, the depositor will be asked to come the next day, the required amount will be prepared. If in the application the depositor wished to receive money by bank transfer, the agent bank is given three working days to do this.

5 Along with the money, the client is given a certificate stating how much has been paid/transferred. This document is especially important if your deposit exceeds 1.4 million, and you plan to make claims against the deprived bank in the future.

If compensation for the deposit for some reason (not related to the refusal to the client) is not paid on time, the depositor has the right to go to court. You can request the following:

• penalty;
• compensation for moral damage;
• payment of interest for the use of other people's money from the first day of delay.

Life story

I had a deposit of 200 thousand rubles in the ever-memorable Bank-T. I knew that the bank was terrible, but it offered interest rates that were irresistible (about 12.5%, very steep even at that time). Time passed, I withdrew the interest onto my card. And then I saw in Yandex that the bank’s license had been revoked. I went to the DIA website - in the first line of the news there was a message about the time frame within which an agent bank would be appointed. I waited a few days, went to the site again - Sberbank was chosen as the agent bank. Deposits were not paid out everywhere; the list of branches was also posted on the DIA website. In the branch that was closest to me, the return of deposits was handled by the department that served Sber VIP clients. But there was a line there too—not of scandalous grannies, but there was a line. The first time I came just to ask. They said that you don’t need anything other than a passport. It is used to check the status of accounts. They immediately found me in the register, signed a statement drawn up by the manager - and that’s it, I can go to the cashier. I didn’t go to the cashier because I had an account with Sberbank and asked to transfer the money to it. The translation arrived instantly. What was a pleasant surprise was that they even reimbursed the interest for the last month of service. Bank-T paid interest on the last day of the month, but it did not finish until November 30th. I thought that I would not receive anything for November, or at most at the “on demand” rate, but they paid at the usual rate - another 1,700 rubles and a few kopecks, plus the body of the deposit.

DIA office in Moscow at the address: Vysotskogo Street, 4

FAQ

Are all types of bank deposits insured?

No, not all. The law establishes a clear list of deposits for which the state guarantees compensation:

• on demand and urgent;
• on salary, pension and scholarship bank accounts;
• on individual entrepreneur accounts (in banks deprived of their license after January 1, 2014).
• on accounts owned by guardians and trustees, but opened for minors or incompetent persons (in banks whose license was revoked after December 23, 2014).
• on special accounts () opened by individuals for settlements on real estate transactions (in banks that remained without a license after April 2, 2015).

Here are some banking products that are not included in the deposit insurance system:

• Funds on deposits of lawyers, notaries, etc., if these accounts are opened for professional activities.
• Deposits of individuals are payable to bearer.
• Funds transferred by individuals to banks for trust management.
• Deposits opened in branches of Russian banks outside the Russian Federation (the CER does not apply to foreign countries).
• Deposits in electronic money.
• Funds in nominal and escrow accounts (other than those mentioned above).
• Funds in unallocated metal accounts.

Is interest on the deposit insured?

Yes, they are insured, but only if they were added to the principal amount of the deposit before the start of the bankruptcy procedure. Let's look at some examples for better understanding:

Example #1

You placed 100,000 rubles on a deposit for a period of one year and accrual of interest at the end of the term. Let’s assume that six months after the conclusion of the agreement, the bank’s license was revoked. Since your money did not stay on deposit for a year, it means that interest was not accrued to you, which means it is not subject to insurance.

Example #2

You placed the same 100,000 rubles on the deposit, for a period of one year and interest accrued at the end of each month. Six months later, the bank’s license was revoked. In this case, you will receive your deposit + interest for six months, since they were accrued and due to the deposit amount every month.

Are debit card accounts included in the deposit insurance system?

Deposit insurance applies to debit card accounts; the compensation procedure for them is the same as for other types of deposits. The exception is prepaid bank cards. Money on them is not insured.

Life story

At one time I had a Svyaznoybank plastic card, I kept it for myself, and on it was a “rainy day” amount of 15 thousand rubles. One day, right before the New Year, I heard on the radio that the bank had closed a month ago. At first I decided that the “stash” was gone forever, but still I went online to look for clues. On the bank's website there was an instruction to apply for payments to Sberbank - with a passport. Knowing our bureaucracy, I took with me all the documents - the original and copies of the agreement with the bank and much more. And at the same time, the account number of another card to transfer money there if everything goes well. The Sberbank branch that I needed to contact was on the other side of the city, but I went there in good faith, thinking that the nearest office was unlikely to help me. They accepted me within 10 minutes. The employee took the passport and filled out the application herself. I signed. The employee herself went to the cashier with the check and brought me my 15 thousand. The whole thing took exactly 20 minutes.

When can payment be refused?

There are only three reasons why you will not be reimbursed for your deposit:

• The register does not contain information about you as a depositor.
• You provided incorrectly completed documents or did not provide any paper.
• The agent bank did not receive the register of depositors from the DIA.

The agent bank is obliged to provide you with a written explanation of the refusal to pay insurance compensation.

Life story

We spent a long time choosing a bank to place money there, which we planned to later spend on buying an apartment, but for now earn money on interest. Deposit insurance was one of the main conditions. We live in Samara, and it seemed most convenient to open a deposit in the Volga-Kama Bank. From time to time they came, topped up, took statements - everything was as usual. And then there was a rumor that the bank was in trouble. We just had to make a contribution to buy an apartment, we got alarmed and ran to the bank. There was a kilometer-long line, of course, they didn’t see the money, but they almost forcibly knocked out a bank statement with account balances with a bank mark. And they calmed down. We waited for the “letter of happiness” from the DIA - and fell into shock. We are not on the registry! But we have an extract! We wrote a counter statement to the Agency, attached a copy, and are waiting for a decision. A reply came from the DIA: you are not on the register. They didn’t even look at the extract! If it weren’t for the State Duma deputy and the prosecutor’s office, we wouldn’t have gotten anything. As a result, they were paid only after 6 months.

What to do if you are not on the register of investors?

The reason for such an unpleasant situation may be the negligence of bank employees (documents on some of the depositors are lost or destroyed, employees are fired, there is nowhere to look for ends) or the so-called “off-balance sheet deposits” - when money was taken from depositors, but not carried out according to the documents, giving clients fake pieces of paper. As a result, you have an agreement in your hands, but there is no information in the bank that you made a deposit. Accordingly, when you contact the agent bank for compensation, you will receive a refusal. This was experienced, for example, by depositors of Crossinvestbank, Miko-Bank, and Stella Bank, where the number of “notebook” deposits was close to 100%.

Why is the deposit insurance system needed and how does it work?

The deposit insurance system (DIS) is a tool for protecting the interests of depositors in conditions of possible economic instability. This is protection guaranteed at the state level. According to the current legislation, funds in the currency of the Russian Federation or foreign currency placed by depositors or in their favor in banks participating in the deposit insurance system are subject to insurance, on the basis of a bank deposit agreement or a bank account agreement, including capitalized (accrued) interest on the deposit amount, including h.:

cash on time deposits and demand deposits;

funds in current accounts, including those used for payments with bank (plastic) cards;

funds in current and deposit accounts of individual entrepreneurs (from January 1, 2014);

funds in nominal accounts opened by guardians/trustees, the beneficiaries of which are the wards;

funds in escrow accounts opened for settlements on real estate purchase and sale transactions (from April 1, 2015);

funds in escrow accounts opened for settlements under agreements for participation in shared construction (from July 1, 2018);

funds placed in deposits certified by savings certificates;

funds placed by legal entities classified in accordance with the legislation of the Russian Federation as small enterprises, information about which is contained in the unified register of small and medium-sized businesses (from January 1, 2019).

Funds placed by a depositor or in his favor on the basis of a bank deposit or bank account agreement are considered a deposit in the terminology of the deposit insurance law.
The system works as follows: if a bank ceases operations due to the revocation of its banking license, its depositors are immediately made fixed cash payments for all the above-mentioned deposits opened with this bank.

To insure deposits, the client does not need to conclude any special agreement: it is carried out by force of law. A corporation created for these purposes by the state, the Deposit Insurance Agency (DIA), returns the depositor’s savings within the limits of the amount established by law.

For insured events that occurred after December 29, 2014, the maximum amount of compensation for deposits in one bank is no more than 1.4 million rubles.
A separate insurance compensation, the maximum amount of which is up to 10 million rubles, is 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.

If the depositor placed funds in foreign currency, the amount of compensation is calculated in rubles at the Bank of Russia exchange rate, which was established on the day the insured event occurred.
The Deposit Insurance Agency, according to the law, begins paying depositors 14 days after the bank’s license is revoked. For this purpose, the DIA, as a rule, appoints one or more agent banks from among the largest and most reliable banks. To receive a refund, the client must submit an application and identification documents to the agent bank. This can be done at any time from the date of the insured event until the completion of bankruptcy proceedings in the bankrupt bank, the duration of which can be at least 2 years. In the event of an insured event related to a moratorium on satisfying creditors' claims, insurance can only be applied for during the period of validity of the moratorium. Depositors must promptly provide information about changes in the information provided when concluding a bank deposit agreement or bank account agreement (last name, first name, patronymic, registration address, location (for legal entities), address for postal notifications, type and details of the depositor’s identification document – an individual, contact telephone number, name (for a legal entity), information about representatives who have the right to act on behalf of the investor - a legal entity without a power of attorney). Failure by the depositor to provide the specified information may lead to negative consequences in the event of an insured event in relation to the bank in which the deposit is placed, in particular: an increase in the time frame for consideration of the depositor's claim for payment of compensation for deposits, refusal to pay such compensation if it is impossible to identify the person by the Deposit Insurance Agency the investor (his representative who has the right to act on behalf of the investor - a legal entity without a power of attorney).

Detailed information on deposits subject to insurance in accordance with the law, on the amount of compensation for deposits, a description of the procedure for a depositor to apply to the DIA with a request for payment of compensation for deposits and the procedure for paying compensation for deposits, as well as information about the depositor's right to receive the remaining compensation after payment part of the deposit in accordance with the Federal Law “On Insolvency (Bankruptcy)” is available on the official website of the Deposit Insurance Agency on the Internet www.asv.org.ru.

For all questions regarding the operation of the deposit insurance system, incl. regarding the application of the Federal Laws “On Deposit Insurance in Banks of the Russian Federation” and “On Insolvency (Bankruptcy)”, you must contact the State Corporation “Deposit Insurance Agency”.

State Corporation "Deposit Insurance Agency"

Location address: 109240, Moscow, st. Vysotskogo, 4