How does deposit insurance system work?

Each depositor does not want to risk its savings when it opens a savings account in the bank. To secure cash of customers of credit and financial organizations, the state has created a mechanism that ensures the payment of insurance in the event of liquidation of the lender.

Deposit Insurance System

The existing laws recognize several insurance cases when depositors are refunded:

When the Central Bank of the Russian Federation recalls the license from the lender.

Suspension of the Bank’s activities on the instructions of the Central Bank.

All banks are obliged to be members of the Mandatory Insurance Foundation. Executions into this Fund provide insurance compensation to victims of depositors.

Deposit Insurance Agency is a corporation that was created back in 2004 in order to control the CER. So in the main functions of the DSU:


Control over the admission of contributions.


Regulation of collection of contributions.

If your bank has withdrawn the license, then the Deposit Insurance Agency will pay you insurance. Payments begin 2 weeks after the license is revoked by the lender.

More than half of the millions of credit and financial organizations can be found in the register of participants in the deposit insurance system.

For making data in the registry meets the DR. In the Internet portal of deposit insurance agencies, you can find a complete list of participating banks that lead their activities at the moment, as well as a list of those who stopped work.

Deposit Insurance Agency independently selects several options for banks in which customers can get insurance payments. To find out the name of the credit and financial organization, it is enough to call to the Highest line of the ART, or contact the site on which all the necessary information will appear in the day before the start of payments.

The maximum amount of payment is 1,400,000 rubles. If your contribution was more than this amount, then alas to get all the savings will not work back, you still return 1.4 million rubles. Therefore, experts in the financial sector advise investors to share savings into several accounts in different banks, or amount to 1.4 million rubles for different people, for example, to relatives.

If you have credit commitments to the bank, as well as the contribution or deposit, you can only rely on the return of the difference between them.

So if the loan arrears is less than the deposit amount, then the residue after deduction from the debt of your savings will return.

But if credit debt is larger than the deposit amount, then you will have to continue to pay monthly payments. With information on how this can be done, provided that the Bank has ceased to function, you need to read the Deposit Agency’s website.

In conclusion, we want to add that if your savings were in foreign currency, then the payment will be recalculated for the home currency — the ruble, taking into account the course at the time of the license of the bank.