Deposit Insurance System
Nordea Bank was one of the first Russian banks entered into a register of parties to the statutory deposit insurance system under number 28.
The statutory individual bank deposit insurance system (DIS) is a special governmental programme of the RF implemented in compliance with the Federal Law of The Insurance of Individual Deposits with the banks of the Russian Federation. Its primary goal is to protect individual savings placed on deposits and accounts with Russian banks in the RF area.
The guarantor of money repayment to a depositor is the Russian Government.
A depositor is not required to enter into a separate insurance agreement; it is secured by operation of law.
Funds in roubles and foreign currencies deposited by individuals with a bank pursuant to a bank deposit agreement or a bank account agreement are insured, including interest accrued.
Participation in the insurance system is binding on every bank authorised to deal with personal deposits. Deposits are deemed to be insured as from the date of entering a bank into a register of parties to the statutory deposit insurance system.
The statutory individual bank deposit insurance system (DIS) is a special governmental programme of the RF implemented in compliance with the Federal Law of The Insurance of Individual Deposits with the banks of the Russian Federation. Its primary goal is to protect individual savings placed on deposits and accounts with Russian banks in the RF area.
The guarantor of money repayment to a depositor is the Russian Government.
A depositor is not required to enter into a separate insurance agreement; it is secured by operation of law.
Funds in roubles and foreign currencies deposited by individuals with a bank pursuant to a bank deposit agreement or a bank account agreement are insured, including interest accrued.
Participation in the insurance system is binding on every bank authorised to deal with personal deposits. Deposits are deemed to be insured as from the date of entering a bank into a register of parties to the statutory deposit insurance system.
The deposit insurance system operates as follows:
- When a loss occurs in respect of a bank (a licence to banking transactions is revoked or a moratorium is imposed on the satisfaction of claims from the bank’s creditors), a depositor of the bank will be paid a monetary compensation at the fixed amount as soon as possible.
- In compliance with the deposit insurance laws, the compensation for deposits is paid at a rate of 100 per cent of the amount of deposits with a bank below 700,000 roubles.
- Therefore, an amount of compensation at a bank cannot exceed 700,000 roubles, even though a depositor holds money on several accounts. In case he or she has deposits with different banks, the highest amount of compensation from each of them will be 700,000 roubles.
All funds of individuals with banks are subject to insurance except for:
- funds on accounts of unincorporated individual businessmen, if the accounts have been opened in relation to the business
- deposits payable to bearer
- funds in trust with banks
- deposits with foreign branches of Russian banks.
Additional information
Deposit Insurance Agency
You can obtain further information from the Customer Information Support Service at
495 921 21 01 - in Moscow;
8 800 200 34 77 - Common reference desk for regions.