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  Deposit insurance system
BANK “ROSSIYA” is member of the mandatory deposit insurance system, register number 395 dd. 11.01.2005. Mandatory deposit insurance system is a special government program implemented according with the Federal law «On the Insurance of Household Deposits in Banks of the Russian Federation» # 177-FZ dated 23.12.2003.» Participation of banks in the deposit insurance system shall be mandatory for all banks that have the Bank of Russia Authorization (license) to work in the area of accepting household deposits, as well as opening and keeping bank accounts for individuals. The main purpose of this Federal Law is to protect rights and legitimate interests of household depositors with banks of the Russian Federation. The deposit insurance system is mandatory for all countries of European Union and functions in the USA, Japan, Brazil, Ukraine, Kazakhstan and Armenia. According with the Federal law «On the Insurance of Household Deposits in Banks of the Russian Federation» the depositors shall get a 100% reimbursement of their aggregate deposits in a bank in which the insured occurred but not more than 700,000 rubles. If a depositor has several deposits in one bank with aggregate liabilities thereof in excess of 700,000 rubles the deposit insurance reimbursement shall be effected with regard to each deposit on a pro rata basis. If a deposit is denominated in foreign currency, the amount of deposit insurance shall be calculated in the Russian Federation currency at the exchange rate set by the Bank of Russia as at the date of insured event. The reimbursement shall be made in rubles. If a bank in which an insured event occurred was also a creditor of an insured depositor, the amount of deposit insurance due to the depositor shall be determined based on the difference between the aggregate liabilities of the bank to this depositor and the bank's counter claims to the depositor that emerged before the insured event. For any further questions about deposit insurance system operation please contact Deposit Insurance Agency hotline at (8 800) 200-08-05 (within the Russian Federation the call is free of charge). For any further questions about deposit insurance system please contact State Corporation “Deposit Insurance Agency”, Verkhnyi Taganskyi Tupik, 4, Moscow, Russia, 109240 Hotline phone: (8 800) 200-08-05 (within the Russian Federation the call is free of charge) The established order and the amount of reimbursement according with the Federal law «On the Insurance of Household Deposits in Banks of the Russian Federation». |
