Russian banks intend to launch a social deposit program by July 1
Russia's largest banks intend to launch a system of a new financial instrument known as a social deposit by July 1, 2025. As reported by Rossiyskaya Gazeta on January 4, such a mechanism is designed for people with low incomes who have state support.
It is noted that the rate on it will be more favorable than on other, ordinary, deposits, and its amount should not exceed 50 thousand rubles.
"We are working on such a deposit and plan to launch it in the time required by law. <...> Pricing on the deposit is determined by law - we will adhere to the requirements", - said in the press service of "Alfa Bank".
Such deposits can be both replenished and withdrawn from them without reducing the interest rate. At the same time it will be possible to open only one such deposit, and to make it - only in 13 banks through the portal "Gosuslugi". A social bank deposit is initially opened for one year. If the status of the owner changes and he no longer needs social support, the deposit will not be extended.
Before that, on December 12, investor Alexander Voronkov told Izvestia that 2024 was marked by significant changes in global financial markets, which made investors reconsider their strategies. In particular, choosing which of the two methods turned out to be the most profitable, opening a ruble deposit or investing in foreign real estate, he noted that a bank deposit is suitable for investors who value stability and are willing to give up potentially high profits for the sake of reliability. Deposits offer guaranteed income, convenient management and deposit insurance up to 1.4 million rubles in case of bank failure.
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