О страховании вкладов физ. лиц

The legal, financial and organizational foundations for the functioning of the system of compulsory insurance of deposits of individuals in banks of the Russian Federation, the competence, procedure for the formation and activities of an organization performing the functions of compulsory deposit insurance, as well as the procedure for paying compensation for deposits are established.

The law also regulates relations between banks of the Russian Federation, the Deposit Insurance Agency, the Bank of Russia and the executive authorities of the Russian Federation in the field of relations on compulsory insurance of deposits of individuals in banks.

The law regulates relations on the creation and functioning of the deposit insurance system, the formation and use of its monetary fund, payments of compensation for deposits in the event of insured events, as well as relations arising in connection with the implementation of state control over the functioning of the deposit insurance system, and other relations arising in this area.

Deposit insurance does not require depositors to sign an insurance contract. Reimbursement for deposits is paid to the depositor in the amount of 100% of the amount of deposits in the bank in respect of which the insured event occurred, but not more than 100,000 rubles.

Banks that have permission from the Bank of Russia as of the date of entry into force of the Federal Law are registered in the deposit insurance system by entering it into the register of banks by the Agency on the basis of a notification from the Bank of Russia.