Russia will start insuring funds on irrevocable deposits up to 2.8 mln
Insurance of long-term savings of citizens will be increased in Russia. We are talking about so-called savings certificates - this mechanism was instructed by Russian President Vladimir Putin to be launched more than a year ago. Now the legislative base is being prepared for it.
Funds on such certificates for a period of three years will be insured to the amount of 2.8 million rubles. The document was submitted by the Ministry of Finance, and on April 14 it was approved by the Law Commission on Legislative Activity. The information was confirmed to "Izvestia" by a source in the government. The bill has been coordinated with all relevant agencies, it follows from the documents to the law commission (Izvestia has it).
The initiative does not provide for the possibility of withdrawing money from the irrevocable certificate before the end of the deposit term, explained "Izvestia" in the press service of the Central Bank. They added: if the money is needed before that moment, the certificate can be sold as a security to another person under a contract of assignment of claim.
A savings certificate is a registered security confirming that the client has a deposit, explained Ilya Vasilkov, head of the Deposits product at Sravini. According to him, unlike a deposit, the certificate cannot be replenished, partially redeemed or prolonged.
The Bank of Russia supports the initiative to increase the insurance indemnity on irrevocable certificates over three years to 2.8 million rubles from the current 1.4 million, the press service of the Central Bank said. Market participants also positively assessed the proposal.
Read more in the exclusive material "Izvestia":
Переведено сервисом «Яндекс Переводчик»
