One of the priorities of social problems in many developed countries is the insurance of deposits of citizens, as the need to protect the financial interests of the population. EU member states have solved this problem at the legislative level. A similar system has long been operating in Japan and the United States, as well as some time in a number of post-Soviet countries - Kazakhstan, Ukraine, Armenia.
Unfortunately, the memory of Russians have not erased the event of bankruptcy of a number of commercial banks in Russia and the associated loss of personal savings. Therefore, deposit insurance was introduced in the Russian Federation as a system of protection of legitimate rights and interests of depositors, in order to improve confidence in the banking system as a whole, to raise funds in the banking sector.
Deposit Insurance - Legislation
In accordance with this document, mandatory deposit insurance covers deposits of the population, are in Russian banks. Moreover, a special procedure to conclude a separate contract of insurance is not provided, because this problem is completely within the competence of the bank. Compliance with the provisions of the said federal law is the responsibility of each bank. The functions of plant life in the law are assigned to the Deposit Insurance Agency.
Deposit insurance - how it works
The system is organized as follows: in the event of a bank by reason of the revocation of its banking license, the depositors are made immediately fixed cash payment. It should be borne in mind that the system of deposit insurance does not extend to all hosted deposits in banking institutions. Certain categories of investors can not claim the insurance value for money, namely:
- Individuals that have transferred the funds to banks under a contract of trust management;
- Individuals who have opened bank accounts in order to conduct business without forming a legal entity;
- Investors have placed funds in bank deposits to bearer (including holders of bearer passbooks);
- Investors who have placed money on deposit in the branches of Russian banks, which are outside the Russian Federation.
The above categories of investors that do not fall under the deposit insurance system, with particular attention to in choosing the bank, focusing on indicators of stability and reliability of the credit institution.
The role of the Agency for Deposit Insurance
The mission of this government agency is directed to the bank account of the deposit insurance system (based on existing procedures), and also performed the procedure returns to depositors of fixed amounts of their savings. Statement of credit institutions registered by the Agency through the introduction of the Register of participating banks. In the insurance case the Agency makes a payment of money to the depositor, and becomes instead a queue of creditors of the bankrupt. In the future recovery of debts from the bank's happening without the participation of the investor.
Join the deposit insurance system credit institution may, by notification to the Bank of Russia for a license that allows individuals to raise funds to deposits (including permission for opening and maintaining accounts of individuals).
Deposit insurance - obtaining reimbursement
Compensation paid to depositors on the basis of the register bank's obligations to its depositors.
This document prepared by the bank, whose license was withdrawn in three days from the date of the investor documents to the Agency, but not earlier than two weeks from the date when the insured event occurred. During this time, employees of the Agency for Deposit Insurance have time to get from the bank all the necessary information about deposits and settlement organizations. Reimbursement is made within three days after confirmation of investor consents to return to him a specific amount of compensation for deposits. Everything you need to do, - a statement and proof of identity.
Apply to the Agency to receive compensation at any time after the accident. Most importantly - do not be late to the completion of bankruptcy proceedings in the bank, which usually lasts up to two years. Those investors who do not have time to do so within the terms to get their money back will be much harder. However, a long overseas trip, or a serious illness can serve as an excuse in the eyes of the staff of the Agency for Deposit Insurance
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