How does the deposit insurance system for individuals work? Advice for investors. “Protected Depositor” policy for owners of a deposit in Sberbank

Historically in Russia, a bank deposit is the most popular way of saving Money. With development banking technologies the process of managing personal finances has become more convenient and simpler - our salaries and pensions are credited to bank accounts, and Internet banking allows us to place these funds on deposits with better conditions. Of course, the leading factor supporting such high degree trust of our citizens in this method savings is government system deposit insurance. Many of us have heard about this system, but only a few people understand its structure and, as a rule, as a result of an attack insured event. In this article we will try to fill this knowledge gap and tell you how it works Russian system deposit insurance.

Deposit Insurance System and Deposit Insurance Agency

The deposit insurance system (DIS) is an effective protection mechanism that provides for insurance of deposits of individuals by the state. When an insured event occurs, compensation is paid to depositors by the Deposit Insurance Agency (DIA). Its creation was caused by a wave of bankruptcies of financial institutions that swept across Russia in the late 90s. Thus, on December 23, 2003, Federal Law No. 177-FZ “On insurance of deposits of individuals in banks of the Russian Federation” was adopted, for the successful implementation of the rules of which the DIA was created in 2004.

The agency maintains a register of participants in the savings account, pays insurance compensation for deposits upon the occurrence of an insured event, and also manages the compulsory deposit insurance fund (MDIF). During the entire existence of the DIA (from 2004 to January 2013), 130 insurance cases were recorded, for which insurance compensation 388.3 thousand people applied, to whom 72.7 billion rubles were paid.

Similar CER systems operate in more than 100 countries and are designed to prevent panic among depositors and ensure stability banking system and the population's trust in it. We will talk further about how insurance is carried out and what event is recognized as an insured event.

Deposit insurance mechanism

The deposit insurance process is quite simple. The depositor makes a deposit to the bank and draws up a deposit agreement. There is no need to conclude a special deposit insurance agreement: everything technical points interactions with the DIA fall on the shoulders of the financial institution you choose. Quarterly, the bank pays the DIA an insurance premium in the amount of 0.1% of the total deposit portfolio. Thus, the insurance is paid not by depositors, but by the banks themselves.

All funds placed on the accounts of individuals, including debit accounts, are subject to insurance. plastic cards, except:

funds in private accounts – individual entrepreneurs without forming a legal entity, as well as on the accounts of lawyers and notaries opened for them to carry out the specified activities;
bearer deposits;
funds transferred by an individual to the bank for trust management;
deposits in precious metals;
electronic money;
deposits placed in foreign branches of Russian banks.

Insured event according to Art. 8 Federal Law No. 177-FZ is:

revocation by the Central Bank or cancellation of the license of the bank in which you placed a deposit;
moratorium of the Central Bank on satisfying the claims of other creditors of the bank.

Such an outcome is possible during times of serious financial difficulties for the bank, its complete ruin, or during a period economic crisis. Next, we will look at how and to what extent investors can receive compensation.

Insurance compensation

When an insured event occurs, investors receive insurance compensation from the DIA. In accordance with current legislation compensation is paid in the amount of 100% of the amount of deposits in the bank, but not more than 1,400,000 rubles (clause 2 of article 11 of Federal Law No. 177-FZ). Foreign currency deposits are recalculated based on the Central Bank exchange rate in effect on the date of the insured event.

According to Art. 11 Federal Law No. 177-FZ, if a depositor has several deposits in one bank and their total amount exceeds 1,400,000 rubles, compensation will be paid for each deposit in proportion to its size. If funds are placed in several banks, then in each of them the depositor can receive up to 1,400,000 rubles.

According to Federal Law No. 451-FZ “On Amendments to Article 11 of the Federal Law “On Insurance of Individuals’ Deposits in Banks” Russian Federation» for insured events that occurred after December 29, 2014, maximum size insurance compensation for accounts (deposits) of individuals, including individual entrepreneurs, has been increased to 1.4 million rubles.

Note that if the depositor had more than 1,400,000 rubles in his account, the depositor can also claim the remaining funds, but during bankruptcy proceedings, when the bank’s property will be sold. Payments are made on a first-come, first-served basis, and not all depositors' claims can be satisfied.

It is important to remember that if at the bank in respect of which the insured event occurred, you had not only a deposit, but also a loan, then the amount of compensation will be determined based on the difference between the amount of the deposit and your obligations on the loan.

What to do if an insured event occurs?

The procedure for paying insurance compensation is regulated by Art. 12 Federal Law No. 177-FZ. According to the law, the DIA, within 7 days from the date of receipt from the bank of the register of its obligations to depositors, publishes in the “Bulletin of the Bank of Russia” and the printed publication at the bank’s location a message containing information about the place, time and procedure for accepting applications from depositors for payment of compensation . Also, within 1 month, the DIA sends a message to each bank depositor who has the right to insurance compensation. In addition, clients can obtain all the necessary information from the bank itself.

The depositor or his representative is required to submit an application in the form specified by the DIA; documents proving their identity; documents on the right of inheritance or use of funds (if available). After this, the DIA provides the depositor with an extract from the registers indicating the amount of compensation and, within 3 working days from the date the depositor submits the application, but not earlier than 14 days from the date of the insured event, pays the compensation.

Depositors who have received compensation are provided with a corresponding certificate, and a copy of it is sent to the bank. If the investor does not agree with the amount indicated in the register, he can provide the DIA additional documents, confirming the fact that the amount does not correspond to reality. The agency sends them to the bank, and if the depositor’s claims are justified, the bank must make changes to the register within 10 days and notify the DIA about this.

Payment of compensation can be made either in cash or by transferring funds to an account specified by the depositor. Acceptance of applications, documents and payment of compensation can be carried out by the DIA with the involvement of agent banks.

A depositor can submit an application for insurance compensation from the day the insured event occurs until the end of the bank’s liquidation process. If the client did not manage to do this within the allotted time for a good reason (due to serious illness, long-term business trip, etc.), the DIA, even after liquidation, will accept his application and pay compensation (you should not count on this without a good reason).

In conclusion, we note that, despite the well-established reimbursement process and the obvious fundamental nature of the deposit insurance system, the size of its fund is not unlimited - at a critical moment it will be able to cover the obligations of two or three large commercial banks. Therefore, when choosing a savings program, first of all it is necessary to assess the reliability of the financial institution. However, if you prefer high-yield investments in little-known banks, it is recommended to diversify your deposit portfolio. By placing no more than 700 thousand rubles in each of them, you will largely insure yourself against financial losses, even in the event of the bankruptcy of several financial organizations.

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

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

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

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

Amount of compulsory insurance of bank deposits of individuals

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

Funds exceeding this limit are not insured.

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

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

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

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

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

How to find out if a deposit is insured?

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

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

Insurance cases

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

Probably yes. In fact, the main reason for excluding a bank from this list is the termination of the bank’s activities, that is, the revocation of its license to carry out any banking operations

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

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

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

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

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

Required documents

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

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

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

Written statement from personal signature. The application form is established by the Agency
Applicant's passport
If the deposit agreement was concluded using other identification documents, the details of this document must be presented

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

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

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

Payment mechanism

If an insurance event occurs, the depositor is guaranteed to return the deposit amount, but not exceeding 1.4 million rubles.

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

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

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

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

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

When reimbursing bank deposits, interest accrued on the date on which the insured event occurred is also taken into account.

Let’s assume, using the same example, with a deposit of 950.0 rubles. The contribution was made at 10% per year, exactly one year ago. Even if the deposit is made for 5 years, only the interest accrued for one year will be reimbursed, i.e. 95 thousand. In this case, the investor will be reimbursed 1045.0 thousand rubles. If a person took out a loan from the same bank, then at the time the deposit was reimbursed to him from total amount

insurance deducts the balance of the loan debt.

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

Damage compensation procedure The agency makes payments according to compulsory insurance deposits three working days after provision necessary documents

by the applicant.

At the same time, at least 14 days must pass after the insured event occurred. When reviewing the documents, the depositor is given an extract from their register of bank liabilities, which indicates the amount of return of funds on deposits. Payments can be reimbursed in cash or by transfer to any

Bank account

client.

Any person, carrying out one form or another professional activity, regularly receives a certain amount of financial rewards for this. In order to protect themselves from criminal attacks and not lose what they have earned, many people prefer to keep their money in banking companies. In this case, the bank ensures the protection and safety of finances.

Sberbank practices insurance for a reason. The whole point is that any person wants to have a protected financial resource. The more guarantees a banking company gives to its clients, the higher its popularity. Accordingly, more interested people will resort to the services of such an authority.

Ensuring the safety of your money is what interests most everyone.

From the banking structure, investment initiators expect, first of all, insurance payments for unforeseen difficult life situations. To interest people, banking companies offer a fairly wide range of conditions for preserving not only invested funds, but also payments in case of unforeseen circumstances. Thus, companies attract more funds for their use.

Basic Rules

By resorting to this method of investment, a person gets the opportunity to invest financially in his personal budget in case of health problems or financial difficulties. According to the current special provisions and norms, the owner of such a package is guaranteed to receive a certain amount of money in the event of life difficulties.

Of course, a person will bear additional expenses for providing such services, but this approach will save him from worrying about his future.

It should be noted that this service has time limits. Today, this period is one hundred seventy-five days. The period begins its calculation from the moment the package is received. Of course, anyone can subsequently extend such a service, but this will require additional costs.

The amount of compensation paid directly depends on the volume of the deposit. That is, the more they invest, the more they can get. This package can be received either in person or remotely using a mobile device or computer.

It should be noted that current rules Situations have been identified when the interested party will not be able to obtain insurance:

if the injury or injury was sustained while driving while intoxicated;
problems appeared after a natural disaster;
a person has impaired his health by being isolated from society.

While the money is in the account, a certain percentage is accrued on it, which amounts to the entire amount of insurance payments.

Special case of protection

When a person receives financial payments for carrying out his professional activities, he, of course, disposes of them at his own discretion. With them he can purchase things and valuables or invest in any commercial projects. But they were and remain the most popular way to save earned money.

When transferring money to a banking institution for safekeeping, a person often wants to know what will happen to his Savings in the event of a sudden death. Of course, he can play it safe and draw up his last statement of will in advance, mentioning in it everything he has acquired, including deposits. That is, after his death, his family and friends will become the owners of all finances.

Banking companies, in turn, began to offer not only insurance in case of injury or illness, but also in case of sudden death of the depositor. In such unpleasant situations, not only invested funds will be transferred to potential recipients. They will also receive additional payments due to the loss of a loved one.

One thing worth noting important nuance. Applicants will have this opportunity only if the time period for the validity of the service has not expired at the time of the death of the owner of the funds. To prevent this from happening, the depositor will have to constantly re-enter an agreement of the appropriate nature with the banking company.

What is deposit insurance

To avoid panic among the population associated with disruptions in the work of financial and credit organizations, the cessation of their activities, the state introduced insurance of deposits in banks, that is guaranteed amounts compensation paid to the investor. World practice shows that state insurance of deposits of individuals is a reliable and effective mechanism that reduces the socio-economic consequences of the crisis banking sector.

The mechanism is needed to build the confidence of individuals in banks, encouraging them to invest in “long-term” deposits designed for more than one year. However, since Central bank Russia (CBR) prefers not to close banking structures, but to carry out health complex measures to correct the crisis situation, in which individuals always have access to their finances, the insurance system is less relevant than 3-5 years ago.

How does the deposit insurance system for individuals work?

The agreement on attracting savings must state that the bank participates in a program to protect the savings of the population implemented by the state. This gives individuals confidence that in the event of force majeure circumstances, when the financial structure cannot fulfill its obligations to depositors, the latter are guaranteed to receive their money from the Agency that provides deposit insurance. The Agency’s operating mechanism is based on Russian legislation, which details the rights of depositors to receive compensation.

Regulatory framework

Compensation for insurance amounts is carried out in accordance with Federal Law No. 177 of December 23, 2003 “On the insurance of deposits of individuals in banks of the Russian Federation,” which determines the norms, rules, and amount of obligations for which insurance of deposits of individuals is carried out. According to this legal act, any physical object legal relations with the bank can send to authorized body a request for reimbursement of funds that the bank is unable to pay for its obligations.

The state guarantees citizens a refund if following conditions:

The financial and credit organization is included in the register of banks participating in the program for compensation of funds on deposits. According to the law, when concluding an agreement to attract finance, any banking structure must inform the individual about his presence in the register.
The contract for attracting financial resources is valid on conditions that fall within the definition of an insured event.

Deposit Insurance Agency

The State Corporation Deposit Insurance Agency is the regulator of the relationship between a financial organization and individuals. The agency operates based on 177-FZ, and the amount of funds that can be used to compensate individuals is more than 85 billion rubles. The Agency receives this property from bank transfers (any financial structure to obtain a license from the Central Bank must transfer a certain percentage to the compulsory deposit insurance fund), or from investments.

The agency is actively working on procedures related to the bankruptcy of banking institutions, carrying out rehabilitation measures for their rehabilitation, and providing support to voluntary investors. The Board of Directors of this state corporation includes representatives of the Central Bank and senior government officials, which provides the maximum guarantee of return of money according to the requirements of depositors.

Banks included in the state deposit insurance system

On the DIA website you can see that the following financial structures are in the register of participants:

Sberbank of the Russian Federation;
VTB 24;
Alpha Group;
Promsvyazbank;
Raiffeisenbank;
Bank Rosgosstrah;
Renaissance Credit;
Rosselkhozbank;
Russian standard.

According to the DIA, the register includes more than 850 financial organizations. If a private depositor, when concluding a bank deposit agreement, is not presented with official data that the financial institution insures deposits of individuals, then he is faced with fraudsters. Any bank must necessarily participate in the program for compensating deposits to individuals.

Insurance of bank deposits - features of the procedure

According to 177-FZ, any funds placed by an individual subject of legal relations in a bank, with the opening bank account, to acquire benefits in the form of interest payments, as well as interest accruing during use financial institution with this money are considered insured. Such deposits include both ruble and foreign currency savings of individuals. Maximum amount deposit insurance, according to the amendment dated December 19, 2014, is set at 1.4 million rubles. Insured are considered the following types financial resources that are subject to return:

sent to various deposits, time and demand, in rubles and foreign currency;
placed on accounts providing for the payment of salaries, benefits, pensions to physical subjects of legal relations;
intended for the needs of private entrepreneurs;
placed on the accounts of guardians and trustees for the transfer of funds to their wards;
available in escrow-type accounts, which are intended for transactions of individuals for the purchase and sale of real estate;
located on debit physical plastic media issued by this financial institution.

What funds of individuals are not subject to compulsory insurance?

You should be aware that the legislation provides for exceptions under which certain types of amounts of money stored by objects of legal relationships in banks are not subject to compensation, and insurance of deposits of individuals does not apply to them. These include:

Amounts in the accounts of citizens carrying out legal assistance to private individuals (lawyers, notaries), if this money is spent on work needs.
Bank deposits, issued to the bearer.
Finances that an individual transfers to a bank for investment trust management.
Money held in foreign branches of Russian banks.
Funds for the transfer of which a debit account cannot be opened (electronic payments).
Additional sums of money on nominal metal impersonal accounts.

Insurance cases

According to the law, insurance of individual savings is carried out in the following cases:

If the Central Bank revokes the license issued by it from the bank. The register participant is subject to the introduction of external management and no longer has the right to carry out its work with individuals and legal entities, manage finances, fulfill your obligations to clients.
When the Central Bank introduces a moratorium on creditor claims. This situation arises during bankruptcy proceedings. credit institution for the purpose of debt restructuring. Monitors the implementation of the DIA moratorium; this state can last 12 months, after which a decision is made either to terminate it or to extend it for six months.

Revocation of CBR license

Main Bank withdraws the banking license issued to it from a financial institution under the following circumstances:

if the bank exceeds its authority and carries out risky operations to issue large non-performing loans;
decrease authorized capital lower than stated in constituent documents amounts;
if the financial structure purposefully and constantly does not comply with the requirements of the Central Bank of the Russian Federation;
if it is impossible to satisfy the claims of creditors and claims of clients regarding the bank’s obligations;
when identifying fraudulent money laundering schemes or providing incorrect reporting data;
failure to comply with court decisions;
critical reduction in cash balances below 2%.

The day after the license is revoked, the Central Bank introduces external management to put things in order financial structure and its subsequent liquidation. Individuals may apply for reimbursement of funds deposited with a given banking organization 2 weeks after recording the occurrence of this insured event, provided that their funds were insured.

Introduction of a moratorium by the Central Bank on satisfying the claims of bank creditors

This measure is temporary in relation to a financial institution and is established to streamline its functioning. The moratorium gives individuals the right to receive not only the invested amount, but also interest on it upon the occurrence of an insured event. Interest compensation occurs separately, they are calculated based on 2/3 key rate TSB RF.

You need to contact the agency involved in payments 2 weeks after the moratorium begins, but no later than 2 weeks before it ends. If the investor does not apply to the DIA for good reasons for specified deadlines, then the money can be given to him individually, upon presentation necessary documents. When the moratorium ends, there are two options:

the bank's license is revoked and it ceases to exist;
the carried out remediation measures have a beneficial effect on financial condition organization, and it continues to operate as before.

Insurance compensation for deposits

According to the law on deposit insurance for an individual participant in legal relations, when applying to the DIA, 100% of the insurance is paid on the deposit. If a private individual had several deposits in a given organization, then the amount of contributions is recalculated in proportion to each deposit. However, you should know that the insurance law provides for a maximum amount of compensation of 1.4 million rubles, and if the amount for all deposits collectively exceeds this figure, then compensation for the difference in contributions is determined in court according to the list of 1st priority creditors.

Compensation for escrow accounts is made in 100% volume, if it does not exceed the amount of 10 million rubles. Payments for this insured event are made by the Agency in a separate manner, after reviewing all documents for opening this account. Money can be received directly at the DIA branch, through agent banks appointed by the fund, or by mail.

Payment amount

The legislation establishing the rules for insurance of individuals separately stipulates the situation in which the owner of the deposit simultaneously had a deposit in a banking organization and took out a loan there, which, by the time the insured event occurred, was not fully repaid. The compensation amount will be calculated as the difference between the debit and credit account, taking into account all amounts of obligations of the debtor and creditor. Insurance premiums are paid on an individual basis.

Reimbursement currency

Compensation for deposits is made in rubles, therefore, for all deposits in foreign currency, recalculation is carried out according to the Central Bank exchange rate for a given currency at the time of the insured event. If the deposit is placed in foreign currency, then interest on foreign currency deposits are calculated based on Central Bank data on average interest rates for this type of bank deposit product.

If a moratorium has been introduced and you do not want to receive compensation in rubles for foreign currency deposit, then you can be patient and wait for the end of the remediation measures. Financial institution will begin operating as before and will satisfy claims on deposits in proportion to deposit agreements. However, in such a situation, there is a possibility that the depositor will not receive the amount paid at all if the bank ceases to exist after the end of the moratorium.

How to receive insurance payments on deposits

To avoid suffering as a result of bankruptcy banking institution, and return the funds, you should take the following steps:

Check the list of insured funds established by law and find out whether your savings are included in them.
On the DIA website, make sure that this bank is a member of the CER;
From the media, bank notifications, messages to depositors, find out which agent bank was appointed by the DIA to make payments.
Choose the most convenient way receiving payment of compensation - in cash, by cashless transfer, by postal order.
Write an application for insurance payment to the agent bank and come there in person with the required documents.
Within 3 working days, receive the required amount using the specified method.
If the amount of the deposit exceeds the maximum insurance payment rate, then to compensate for the difference that insurance does not cover, go to court along with other creditors of the bank.

Documents for submission to the DIA

Compensation is paid by the DIA upon presentation of the following documents:

Depositor's statements on in the prescribed form. If you choose to receive money by mail, the application will have to be certified by a notary.
Passport or other identification document, about which there is data in the general register of clients of the banking organization.
When applying not to the depositor himself, but to his representative, a power of attorney certified by a notary is required for the right to demand payments.
If the individual who entered into the agreement on its opening, and the investor’s heir, applies for payment of compensation, then it is required to submit documents evidencing his right to inheritance.

Video

The deposit insurance system provides a mechanism for the state to protect the cash deposits of citizens (individuals) through their insurance. The main goal of the procedure is to ensure stable operation of the financial sector of the economy and customer loyalty to banks.

Deposit insurance in Russia

In the Russian Federation, the deposit guarantee began to operate with the introduction of the law “On insurance of deposits of individuals in banks of the Russian Federation” (2004).

The procedure is carried out through an Insurance Agency specially created for this purpose. This law has undergone adjustments four times to increase the payment amount. The maximum value of compensation for citizens' deposits since 2015 has been determined within 1,400 thousand rubles. The previous figure, set in 2008, was limited to a lower value - 700 thousand rubles.

The insurance payment period is set at 14 days from the date of the insurance situation.

Participants

Participants in the insurance procedure include:

citizens who deposited money (beneficiaries);
banks indicated in a special list (policyholders);
Agency (insurer);
Central Bank of the country.

What is accepted for insurance?

The amount of money accumulated in the deposit is reimbursed to the client using the Agency’s funds; in the future, the agency itself decides on the issue of returning funds with the bank. The deposit insurance system for individuals implies 100% compensation of the deposit (within the permissible 1,400 thousand rubles if an insurance situation arises later than December 29, 2014).

Compensation is paid in Russian rubles. If the deposit is accepted in any other currency, the compensation is recalculated in Russian currency taking into account the Central Bank exchange rate on the day the insurance situation begins.

A client may have several deposit accounts opened in different banks (but not in several branches of the same bank). If these banks were affected by insurance events during approximately the same period, compensation is calculated from the maximum permissible value separately for each of the banks where deposits are open.

Insurance of deposits of individuals in Russian banks does not cover a number of types of deposits:

accounts in foreign branches of Russian banks;
“nameless” accounts (to bearer);
certificate (savings);
the account of a citizen-entrepreneur, if it is intended to be used for the specified activity;
capital transferred to bank trust management.

Deposit interest insurance

In addition to the principal amount, accrued interest is subject to insurance when the latter is added to the principal amount (according to the terms of the agreement).

Interest accrued on the date before the day of the insured event is added to the balance of the deposit and taken into account in the compensation indicator.

If the client placed 100 thousand rubles. at 10% per annum with quarterly capitalization of remuneration (to the principal amount) on 08/01/2008, then in the insurance situation on 12/02/2008, to determine the amount of compensation, the value of 103,390 rubles is taken, consisting of:

100,000 rub. – deposit amount;
2520 rub. – accrued and capitalized interest for billing period(quarter);
870 rub. – interest accrued for an incomplete settlement period before the date of occurrence of the insurance situation.

What applies to insurance events?

The law takes into account a number of events as insurance:

revocation of a banking license allowing for financial procedures;
establishment by the Bank of Russia of a temporary suspension (moratorium) on financial activities.

From the moment of the official introduction of the moratorium or revocation of the license for banking activities the insured event has occurred.

How are insurance premiums calculated?

From the moment of inclusion in the special list (register), the bank is obliged to pay contributions until the date of the occurrence of the insurance situation. When a moratorium is established on a banking organization, the obligation to pay insurance premiums on deposit amounts of citizens is suspended for the duration of the moratorium.

Payment of contributions is carried out quarterly and is determined from the average daily value of the amount of money in the accounts. Average rate fluctuates between 0.15% -0.3% of the calculation base for any banking organizations.

What affects reimbursement?

The amount of compensation is derived from the difference in the amount of bank obligations to the client and the value of counter banking requirements to it, formed before the insurance situation. A common counterclaim is loan debt. When calculating compensation, the amount to be paid is minus from the amount of the deposit (as of the time of the occurrence of the insurance situation):

loan balance;
outstanding interest amount;
fines for violating the loan repayment schedule.

If the amount of money on deposit turns out to be greater than the maximum allowable payment value, the uncompensated part of the deposit is taken into account in the register of bank creditors and is subject to payment during the execution of liquidation procedures.

Either spouse receives compensation for deposits in their own name in full in the amount established by law, but without taking into account the money in the accounts of the other spouse registered in the same banking organization.

If to bank account the client has opened a “family” card in the name of the spouse or adult children, compensation is paid only to the account holder. Family members in this situation do not have the right to own the account, but are only given the right to dispose of the money available in the account.

Heirs' rights

Heirs who entered into inheritance rights after the formation of an insurance situation have the right to receive compensation if the amount was not previously paid to the investor personally. Heirs are required to provide an application, identification and confirmation of the right of inheritance.

How is the payment procedure carried out?

The client submits the application for reimbursement to the point indicated in information message Agency (in its representative office, in authorized bank). This information (place, time, text of the statement) is distributed by the Agency through the media within a week from the moment the bank transmits the list of deposit obligations. Additionally, the Agency notifies each client personally in writing about the need to provide documents to receive payment.

A copy of the deposit account owner's identification card must be attached to the application. If the client applies through a representative, the latter’s authority to demand compensation for deposits on behalf of the client must be confirmed by a notarized document (power of attorney).

Upon acceptance of the application, the client is informed about the amount of deposit balances listed in his name in the bank account, the amount of insurance due and the day of its payment. If the client is not satisfied with the proposed amount of compensation, he has the right to submit a corresponding application, attaching documentary evidence of his position.

The Federal Law on Insurance of Individual Deposits provides for payment to be made within 3 days from the date the client submits the application and attaches the required documents. If the payment schedule is not observed, the Agency is obliged to make an accrual (at the refinancing rate of the Central Bank of the Russian Federation) and pay interest on the compensation amount.

The client must apply for insurance before the end of the moratorium or bankruptcy procedure. If a depositor misses the deadline for submitting an application, it is reinstated by the Agency if there are valid reasons (business trip, long-term illness).

Do you need a contract?

The basis for insurance of citizens’ deposits is the federal law, according to which the execution of a contract for insurance of deposits of individuals is not provided. The presence of a bank obligation to guarantee the return of money through insurance is recorded in the deposit agreement in the section relating to ensuring its execution.

Sample contract bank deposit with the section on money insurance you can.

State insurance deposits of individuals in the country serves as convincing confirmation of the protection of depositors and their rights at the legislative level, thereby contributing not only to strengthening the banking system, but also stimulating the attraction of savings from the population into it.