Russians have revealed the conditions for opening social accounts
Social accounts and deposits will appear in Russia from July 1 and will be valid for recipients of social support measures. For their registration, it is necessary to have access to "Public Services" and an electronic signature. Zhanna Ivanovskaya, Associate Professor of the Department of International Business at the Financial University under the Government of the Russian Federation, told about this on June 26.
According to her, social accounts and deposits are designed for recipients of social support, which will be fixed in the government's list. Ivanovskaya added that with the account balance, interest will be accrued monthly at the highest rate applicable in the bank for individual deposits for a period of one month to one year inclusive.
In addition, the expert clarified that one individual can open one social account and one social contribution, and this can be done in different banks. However, Ivanovskaya stressed that the contribution could not exceed 50 thousand rubles, and it would be possible to issue contracts electronically at Gosuslugi and sign them only with an electronic signature.
"Starting from July 1, 2025, only systemically important banks are required to open such deposits, and starting from January 1, 2027, the rest of the credit institutions included in the SSV (Deposit Insurance System. — Ed.)," she explained in an interview with RIA Novosti.
Ivanovskaya added that those who are not clients of NWCO (Systemically important credit institutions. — Ed.) and do not have access to the Gosuslugi service and electronic signatures, at first they will not be able to open social accounts and social contributions.
On January 4, it was reported that Russia's largest banks intend to launch a new financial instrument, known as social contribution, by July 1, 2025. It is specified that such a mechanism is designed for people with low incomes who have government support.
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