Asv insured amount. Insurance of deposits of individuals
Legislative acts change periodically. They are supplemented, the wording is changed, the content is updated. After all, legislation must correspond to current reality. 08/03/2018 The head of state signed a special law, where he approved the introduction of certain changes to some of the existing acts. In particular, the changes will affect deposit insurance, as well as the total amount of compensation in 2018-2019.
When will the new law come into force?
Searching for a company is easy if you know the name or TIN.
If the organization you are looking for is not in the register, you can send a special request to the operator:
Before insuring deposits, small entrepreneurs should register or make sure that the name of their organization is included in the register. Then the insurance procedure will be possible.
What deposits are subject to insurance, the insured amount
According to Federal Law 322, you can insure:
- personal deposits placed by an individual or small entrepreneur for their own or work needs;
- branches of banks where there are deposits must be located inside Russia (not foreign);
- the size of the deposit is not important;
- ruble, foreign currency accounts (dollars, euros);
- All capitalized interest accrued on the initial deposit amount is insured.
The amount of deposit insurance for individuals is similar to compensation for entrepreneurs and is equal to .4 million rubles.
Checking the financial status of the bank
The list of banks participating in the general insurance system is quite large. Here are some of them:
- Sberbank;
- VTB Bank;
- Rosselkhozbank;
- Raiffeisenbank;
- Alfa Bank;
- Tinkoff;
- Taganrogbank;
- Yenisei Bank;
- Bank Absolut;
- Other.
If you need to find out information regarding your bank (financial status, location within the system, etc.), this can be done on the website
If a bank goes bankrupt or loses its license, its clients can expect reimbursement of deposits. This is possible if the institution is included in the deposit insurance system (hereinafter – SSV). In Russia, it applies to both investments in rubles and deposits opened in foreign currency. The features of insurance of the latter will be discussed in the article.
Bank deposits in foreign currency. Features of insurance
Insurance, as in rubles, occurs according to the standards approved by federal law. To do this, you do not need to specifically sign an agreement. The deposit is considered insured from the moment when the bank is included in the CER register. This function is assigned to the Deposit Insurance Agency (hereinafter referred to as DIA). It also controls the payment of compensation on deposits.If a bank declares itself bankrupt/its license is revoked, an insured event occurs. Then the DIA or the agent bank (an institution acting on behalf of the agency) is obliged to pay compensation for the deposit. If bank investments were made in foreign currency, the investor will still receive compensation in rubles.
The amount of payment is calculated at the rate of the Central Bank of Russia in effect at the time the insured event is established. Deposits in dollars are insured by the state in the same way as in national currency: up to 1.4 million rubles. inclusive.
What deposits in foreign currency and rubles are insured?
- Accounts that are used for issuing pensions/salaries/scholarships.
- Funds in nominal accounts opened by trustees/guardians, if the wards are beneficiaries.
- Investments of individual entrepreneurs, if the insured event has been established since January 2014.
- Contributions of lawyers/lawyers/notaries, if they are open for professional holding. activities (this is an innovation in 2014).
- Deposits issued on demand and time deposits, including foreign currency.
What foreign currency deposits will not be insured?
The law prescribing the norms for insurance of deposits of individuals identifies categories of deposits that are not subject to this procedure:
- bank deposits issued to bearer;
- money transfers (if an account has not been opened for this);
- funds for compulsory medical insurance ();
- deposits in branches of Russian banks located outside the Russian Federation;
- funds that the client transferred to the bank for trust management;
- deposits in nominal accounts (this does not apply to accounts opened by guardians, the beneficiaries of which are their wards);
- collateral and escrow accounts (the so-called “conditional” accounts, which allow the exchange of funds only if specified conditions are met);
- finance in electronic form.
Foreign currency deposit insurance. Receipt procedure
- Within no more than 14 days from the date of revocation of the license of a financial institution, the DIA determines a list of agents (banks that will make payments). Typically these are large institutions.
- In order to receive a legal refund of the deposit, the client must submit an application to one of the agent banks.
- The application must be drawn up in a special form. It must be submitted along with your passport.
- Payment of compensation is possible in cash or by non-cash method (to the card of the bank specified by the depositor).
- Payments on foreign currency deposits are made within 3 days from the date of submission of documents, but not earlier than 2 weeks from the moment the bank’s insured event is established.
It is much more difficult to obtain a high interest rate on a foreign currency deposit than on a ruble deposit. However, if an insured event occurs, foreign currency investments may turn out to be more profitable. Additional income can be provided by exchange rate fluctuations. This is possible if from the time the deposit is made until the bank’s license is revoked, the dollar or euro becomes more expensive. Then, in terms of rubles, you will get more than you invested.
If, by the time you receive compensation, the dollar/euro has become worth less than when you made the deposit, you risk losing your funds. Since payments of refunds on deposits usually last at least 2 years (until the bank is declared bankrupt), there is a reason to wait until the economic situation stabilizes.
- Invest your money in different banks if their amount is more than 1,400,000 rubles. This way they will all be insured in case of bankruptcy of a financial institution.
- In order not to worry whether deposits in foreign currency are insured, check whether this institution is on the list of participating banks of the SSV.
- If you cannot submit an application for compensation of payments on deposits yourself, send it by mail. In this case, the signature on the application must be confirmed by a notary.
- Not only the amount deposited in the bank is insured, but also the interest. This applies only to those that are added to the deposit, the so-called. . If, according to the terms of the contract, they are accrued at the end of the deposit period, insurance does not apply to them.
What deposits are insured by the state
Many people are interested in whether the deposits of individuals are insured, including deposits in foreign currency, as well as money on debit (salary) cards. Don't worry - we're insured.
If the bank is a participant in the deposit insurance system, then the funds of individuals, regardless of citizenship, located in deposits and accounts with the bank are subject to insurance, including:
- - time deposits and demand deposits, including foreign currency;
- - current accounts, including those used for payments with bank (plastic) cards, for receiving salaries, pensions or scholarships;
- - funds in the accounts of individual entrepreneurs (for insured events occurring after 01/01/2014);
- - funds in nominal accounts of guardians/trustees, the beneficiaries of which are the wards;
- - funds in escrow accounts for settlements on real estate purchase and sale transactions for the period of their state registration (for insured events occurring after 04/01/2015).
Please note that not only the amount of money contributed to the deposit is insured, but also the accrued interest. They are calculated in proportion to the actual term of the deposit until the day the insured event occurs.
Remember!
Some institutions disguise themselves as banks, offering high interest rates and keeping silent about the lack of appropriate guarantees! You can check whether an institution is included in the deposit insurance system on the websites of the Bank of Russia (www.cbr.ru) and the DIA (www.asv.org.ru), as well as via the free DIA hotline 8-800-200-08-05 .
See also:
- deposit rates for individuals in Rosselkhozbank >>
What bank deposits are not insured by the state?
Not all the money you entrusted to the bank is insured by the state and will be returned to you by the Deposit Insurance Agency (DIA) if the bank loses its license and goes bust. The following are not covered by the deposit insurance system:
- - deposits certified by a savings certificate payable to bearer or savings book payable to bearer;
- - funds in the accounts of individual entrepreneurs without forming a legal entity, if the accounts are opened in connection with professional activities (for insured events that occurred before 01/01/2014);
- - funds in the accounts of lawyers and notaries, if the accounts are opened in connection with professional activities;
- - deposits in branches of Russian banks located abroad;
- - funds transferred to banks for trust management;
- - funds placed on impersonal metal accounts;
- - funds transferred to so-called “electronic wallets” (electronic money).
Are funds placed in microfinance organizations insured by the Agency?
The Federal Law “On Insurance of Deposits in Banks of the Russian Federation” does not apply to the funds of citizens deposited in microfinance organizations (MFOs). MFOs are not banks and are not included in the compulsory deposit insurance system.
Are individual entrepreneurs' deposits insured in banks?
For a long time, deposits of individual entrepreneurs, who are individuals, were not insured by the state, like deposits of legal entities. But several years ago this case was eliminated. Currently, funds in the bank accounts of individual entrepreneurs are insured (for insured events occurring after 01/01/2014).
See also:
- what deposit rates are Binbank giving today >>
- interest rates on deposits in Post Bank >>
How much are deposits insured in 2019?
If the insured event occurred after December 29, 2014, the maximum amount of compensation for deposits is 1,400,000 rubles. It is up to this amount that deposits of individuals in Russian banks are insured today.
If the insured event occurred from October 2, 2008 to December 29, 2014, then the maximum amount of compensation for deposits is 700 thousand rubles.
For insured events that occurred from March 25, 2007 to October 1, 2008, the maximum amount of insurance compensation is 400 thousand rubles;
If the insured event occurred from August 9, 2006 to March 25, 2007 - 190 thousand rubles;
IMPORTANT! Separate insurance compensation, the maximum amount of which is up to 10 million rubles, paid:
In an escrow account opened for settlements under a real estate purchase and sale transaction;
In an escrow account opened for settlements under an agreement for participation in shared construction.
By the way!
The Central Bank of Russia and the Deposit Insurance Agency (DIA) have prepared a bill to compensate depositors of collapsed banks up to 10 million rubles. in special situations, for example when receiving an inheritance. The head of the DIA, Yuri Isaev, spoke about this.
We are talking about cases of high balances in a bank account “due to special life circumstances,” Isaev clarified. Special situations may involve temporary receipt of money from the sale of residential real estate, inheritance, social benefits and benefits.
Deposit insurance in 2019: questions and answers
How is the compensation amount calculated if the deposit is placed in foreign currency?
If the deposit is placed in foreign currency, the amount of compensation is calculated in rubles at the rate established by the Bank of Russia on the day the insured event occurred.
What amount of compensation will the spouses receive if each of them has deposits in the same bank?
If an insured event occurs, each spouse will independently receive compensation for deposits in the amount of 100 percent of the amount of his deposits in the bank, but not more than the maximum amount of insurance compensation established by law.
What amount will a depositor receive if he has deposits in different branches (branches) of the same bank?
Deposits in different branches (branches) of the same bank are deposits in the same bank. Therefore, they are subject to the general rule for calculating the amount of compensation: 100 percent of the amount of all deposits in the bank, but not more than the maximum amount of insurance compensation established by law.
Bank deposits of citizens in Russia are insured by the state. So that in the event of a bank bankruptcy (the Central Bank often revokes licenses from banks), depositors are not left with nothing, there is a deposit insurance system. It works as follows: all banking organizations contribute a certain amount to a specialized agency, which, through these insurance premiums, compensates depositors of bankrupt credit organizations for their savings. What amount of bank deposit is insured by the state in 2018: the maximum amount of deposit compensated by the state within the insurance system.
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What amount of deposits are insured by the state in 2018?
Until 2015, the maximum amount of an insured deposit was 700,000 rubles. 3 years ago it was doubled. Since then everything has remained the same. The maximum size of a bank deposit insured by the state in 2018 is 1.4 million rubles.
Deposit insurance in Russia has some important nuances that should not be forgotten.
First of all, deposits are insured only when the bank interacts with the DIA - Deposit Insurance Agency. It manages the insurance premiums paid by banks in the event of bankruptcy - its own or competitors.
The legislation also provides for a certain controversial issue. Both the deposit as such and the interest accrued during the time the deposit was placed in the bank are insured.
In principle, this is fair - the client of a bankrupt bank receives a 100% refund, without at the same time losing on the capitalization of the deposit. The problem is that, to a certain extent, this legislation encourages unscrupulous banks.
What is the disadvantage of this norm? One of the clear signs of a bank having problems is the promise of increased interest on deposits. This is how the bank attracts new clients who bring it money. It is possible that the bank is in dire need of this money, since it has begun to operate as a kind of pyramid, paying off its own debts through new contributions.
Sooner or later (certainly sooner) such a pyramid will burst. What is important is that financially literate depositors are well aware of this, and nevertheless, they bring money to the bank, because they know that the state will compensate both the deposit and the favorable interest on it.
It is clear that the Central Bank immediately looks at banks offering suspiciously high interest rates on deposits. But there is some gap in the legislation.
Photo: pixabay.com
How are bank deposits insured in 2018 if one person has several of them?
Everything will depend on whether you have 2 or more deposits open in one bank, or whether you keep your own funds in a number of banks.
If a person has deposits in several banks, then it’s simple here - each of them is individually insured for 1.4 million rubles. For this reason, you can deposit several millions in several banks. Even if 2 or 3 banks go bankrupt, funds from each account will be returned as part of the insurance program.
But if a person has several deposits totaling more than 1.4 million rubles in one bank, in fact it is the same as if it were 1 deposit for such a significant amount.
In these situations, the right to compensation will remain, but the manner of compensation will be different.
For amounts over 1.4 million, a separate application will need to be submitted, and after that the person will be in line. It will take a long time to wait for compensation - the Deposit Insurance Agency is selling the property of a bankrupt bank to compensate for payments to priority creditors. Only after this, if anything remains from the proceeds, will additional compensation be paid.
Naturally, in practice in such a case it will be possible to get something either not soon or never.
Photo: pixabay.com
What to do if the bank goes bankrupt
If your bank has been declared bankrupt, there is no need to panic. Within 2 weeks after the bankruptcy declaration, temporary management will be installed in the bank. Payments to clients will be made by the agent bank; it will be determined by the DIA. You can see which bank it is and where you will need to go on the portal of the Deposit Insurance Agency or on the portal of the bankrupt bank.
To receive a refund, you will need to appear and submit an application. For this purpose, as a rule, it is enough to come to a bank branch with a passport and an agreement to open a deposit.
If he talks about those who took out a loan from a bank that went bankrupt, then if there is a deposit in this bank, as a rule, the size of the loan is reduced by the size of this deposit. Also keep in mind that you should not make a mandatory payment without providing updated details. Funds may disappear, and then they will have to be found and returned. It is better to wait until the updated details appear or ask the bank what needs to be done.
Many depositors try to protect their deposits from the onset of various banking force majeure circumstances in the form of a crisis and take care of the insurance procedure in advance. At the same time, many are interested in the question of how exactly the insurance procedure takes place, as well as the main nuances of the return of funds in the event of bankruptcy of a financial organization. This article will discuss the standard mechanisms of the deposit insurance procedure in banking organizations.
Deposit insurance mechanism
The standard deposit insurance system significantly increases the confidence of citizens who are going to invest their own funds in bank deposits. That is why the state is taking all measures to improve the insurance system and provide optimal conditions for preserving depositors’ savings.
Currently, the insurance procedure has been significantly simplified - the depositor only needs to make a certain amount of deposit to a banking institution and draw up a standard deposit agreement. In this case, there is no need to draw up a special additional insurance contract - the entire procedure of interaction with the deposit insurance agency (DIA) is completely undertaken by the selected financial institution. The bank makes quarterly insurance contributions to this agency in the amount of 0.1% of the total deposit amount.
Thus, the insurance is not paid by the depositors themselves, but directly by the financial institution.
Insurance compensation
In the event of an insured event, the depositor has the right to receive insurance compensation from the deposit insurance agency. Moreover, in accordance with current legislation, in 2018 the amount of insurance paid is 100% of the deposit amount, but this payment has a limitation - the depositor receives compensation of no more than 1,400,000 rubles. This procedure is carried out in accordance with federal law clause 2 art. 11 Federal Law No. 177-FZ.
According to this law, the maximum amount of standard insurance compensation for all deposits and accounts of individuals for which an insured event occurred after December 29, 2014, the amount of payments has been significantly increased to 1.4 million rubles.
Moreover, this rule also applies to individual entrepreneurs.
Actions upon the occurrence of an insured event
The basic procedure for paying insurance compensation is regulated Art. 12 Federal Law No. 177-FZ. This article provides that the deposit insurance agency, within 1 week from the date of receipt of the register from the banking organization, undertakes to publish in the publication "Bulletin of the Bank of Russia" an information message about the designated place and time for accepting applications from citizens to whom insurance is due. Additionally, each depositor must be sent a repeated message within a month about the possibility of insurance payments.
Reasons for refusal of compensation
Not all investors can receive compensation payments - there are a number of reasons why insurance compensation is not possible.
Grounds for refusal may include the following cases:
- Deliberate actions of depositors that are aimed at the immediate occurrence of an insured event;
- Commitment of an intentional crime by the policyholders, as well as by the person for whom the insurance contract was drawn up for the purpose of receiving compensation payments;
- Provision by the policyholder of false information about the insurance procedure.
Thus, the reasons for refusal of compensation payments are any illegal actions of the insurer and the policyholder aimed at obtaining compensation.
How does the Russian deposit insurance system work?
In the Russian Federation, the compulsory bank deposit insurance system is a special measure of social support for citizens. This program is regulated by a special provision of the law “On insurance of deposits of individuals in banks of the Russian Federation” No. 177-FZ dated 23. To implement and implement this provision, a special organization called the DIA (deposit insurance agency) was created. This system deals with the return of insurance and organizes all actions for payment to the insurer.
If the banking system in which the deposit was made goes bankrupt, the depositor must submit an identification document to the deposit insurance agency with a special application.
Deposit Insurance Agency ASV
A special agency involved in deposit insurance was created in 2004 with the aim of ensuring compensation for deposits in the event of any insured events stipulated by the contract. In addition to paying insurance compensation, the organization is engaged in the following activities:
- Maintains a standard register of banks that are the main participants in the insurance procedure;
- Provides high-quality control over the replenishment and maintenance of the main fund, where all insurance premiums go;
- Manages the funds contained in the insurance fund.
Additionally, the agency maintains a master register of non-state pension funds.
The organization monitors the timeliness and quality of receipt of special guarantee contributions.
What deposits are insured by the state in 2018?
In accordance with legislative norms, the following types of deposits are subject to the insurance procedure:
- Special demand deposits, time deposits, as well as all types of foreign currency deposits;
- All current accounts of clients - this includes plastic cards, scholarships, and pensions;
- Finances held in individual accounts of entrepreneurs;
- Funds held in the accounts of trustees, as well as guardians - the beneficiaries in this case are their wards.
How to check if a deposit is insured?
Some banks are unfair to depositors and use double-entry bookkeeping to create unofficial accounts of certain types of deposits. In such cases, insurance compensation is not paid to clients. Therefore, before creating a deposit, you need to make sure whether it is on the balance sheet of the financial institution. To do this, you need to perform the following steps:
- It is necessary to save the main agreement, as well as all existing receipts for payments made;
- You should definitely visit the personal account of the bank where the deposit is open and check whether your own deposit is registered with the financial organization;
- After opening a deposit, you must call the call center and, through the operator, make sure that there is a confirmed deposit amount in your personal account;
- It is necessary, once every few months, to take bank statements confirming the availability of the main documentation - bank details, as well as information about your own account and the amount of funds on it;
The presence of standard documentation will allow you to prove the existence of a deposit in the event that the bank has committed fraudulent actions against the depositor.