Russian banks want fast access to government data on the poor, newspaper reports “News”.
Such information is necessary for banks to initiate social deposits at an increased rate of 1% more than the basic one. Using the public services portal, banks will be able to confirm the financial status of low-income customers who want to take advantage of the advantage. It is assumed that the next time it will be possible to clarify the situation of the poor only after a year, when the validity period of the social account or contribution has expired.
Experts suggest that such a procedure may lead to abuse of the right to social support by some citizens, since during the year a person may lose his status as poor, but retain assistance. Therefore, it would be most appropriate to send push notifications to banks by government authorities about changes in the status of users of preferential products. In the event that the client leaves the poor category, the bank must have a mechanism for immediately closing the social account or deposit.
The bill on preferential deposits for the poor was submitted to the State Duma in May 2023. It should go into effect on 1 July next year.
Formerly the Central Bank of Russia declaration About the sharp cash demand of the population during the revolt of the Wagner PMC.
former Central Bank declaration about a possible increase in key rate.