The system of deposit insurance

Tradition of keeping money in banks was undermined by the crisis 90 moves of the last century - many lending institutions "burst", and depositors were left without their savings. In 2003, the Federal Law "On Insurance of Household Deposits in Banks of the Russian Federation", will ensure the return of savings to citizens. How to protect yourself? Any bank, attracting the money of citizens on the territory of Russia, is obliged to become party to the deposit insurance system. Client, bringing money to the credit organization, shall automatically become insured. No additional contracts and payments are not required. Deductions for the insurance pays the bank itself (0,1% of the deposit in the quarter). Insurance amount if the bank would lose the license or the Bank of Russia will impose a moratorium on satisfaction of creditors' organization, the Deposit Insurance Fund will be required to pay 100% customer input, but no more than 700 thousand rubles. Previously, the sum insured was 100 thousand rubles. Since 2006 - 190 thousand rubles. Since 2007 - 400 thousand rubles. If your account has been in foreign currency, then the insurance payment is converted into U.S. Dollars at the exchange rate "securities." If the deposit amount exceeds 700 thousand rubles. Then get the remaining funds will be in bankruptcy proceedings in the manner of the first stage. If you own funds in excess of 700 thousand rubles. Then bank.ru recommends you store them in different banks. Refund of deposits will start no later than 14 days after the accident. You can get paid through a bank or by mail. Except for insurance are not subject to the funds placed in accounts of individual entrepreneurs, the contributions to the bearer, the funds of natural persons in trust and deposits made outside the Russian banks. The fund now in the Deposit Insurance Fund had accumulated more than 116 billion rubles. And by the end of the year there could be 125 billion rubles. In 2010, the compensation provided for about 6 billion rubles.