The Mandatory Deposit Insurance Fund (MDIF) is created on the basis of regular insurance premiums from credit institutions.
The activities of the SSS are completely transparent.
From 2003 to 2023, 4 million depositors used the DIS, and the amount of payments amounted to more than 2 trillion rubles. At the same time, insurance cases themselves are a rather rare phenomenon. The peak occurred in 2014-2017, when there were 267 insurance cases. In 2022, only four such cases were recorded, and in 2023 there were none.
The system is managed by the Deposit Insurance Agency (DIA). It performs the following functions:
maintains a register of credit institutions that participate in the DIS;
collects contributions to the FOOV;
pays compensation to depositors in the event of an insured event;
helps credit institutions emerge from crisis and prevent liquidation.
Banks make contributions to the FOOV every three months. The gansu mobile number database contribution amount is determined by the calculation base of the credit institution and a fixed rate, which can change, but never exceeds 0.15%. For example, since the beginning of 2024, the rate has been set at 0.12%.
The bank's settlement base is the totality of its liabilities in national and foreign currencies, as well as other liabilities that are recorded in the accounts of the credit institution.
If the bank's settlement base is 2 billion rubles, then the contribution amount in 2024 will be 0.12% of this amount - 2.4 million rubles.
If a bank becomes insolvent, depositors receive payments from the FOOV. If the fund does not have enough money, it takes a loan from the Central Bank. The last time this happened was in 2017.
Depositors are insured against cases in which the credit institution cannot fulfill its obligations. This is possible in two situations:
The Central Bank prohibits a credit institution from issuing money - introduces a moratorium;
The Central Bank revokes the bank's license.
A moratorium is introduced in a situation where a bank has a large debt that it cannot pay. In this case, management is transferred to the DIA, which appoints a temporary administration. This administration takes measures that often help the credit institution get out of the crisis. And one of these measures is the payment of compensation to depositors from the FOOV.