The Central Bank aims to increase the attractiveness of long-term deposits and irrevocable savings certificates for citizens. As reported “Rossiyskaya Gazeta” The Deposit Insurance Agency (DIA) is considering the possibility of increasing insurance coverage of such products to 2.8 million rubles. – twice the current limit of 1.4 million rubles.
“At the same time, the issue of reducing the contribution rate of banks to the deposit insurance fund for long-term deposits is also being investigated,” DIA said.
According to the regulator, this should motivate banks to offer more profitable long-term deposits to attract the “long-term money” needed to finance the structural transformation of the economy.
Anatoly Aksakov, chairman of the Duma Financial Market Committee, confirmed the Central Bank’s proposal to increase insurance for irrevocable savings and deposits to 2.8 million rubles in 3-5 years. It’s really being worked on.
“I have a positive assessment of this innovation, it will be implemented in the near future. “We are ready to prepare the relevant draft law,” said the MP.
The increase in the insurance compensation limit is expected to be extended to cover not only long-term deposits but also irrevocable savings certificates, a new instrument whose launch was announced by President Putin. According to him, the certificates will allow citizens to deposit money in banks at a higher interest rate for more than 3 years, while deposits will be insured by the state up to 2.8 million rubles.
Experts believe that the proposed measures will provide banks with more stable funding by encouraging the flow of long-term deposits. At the same time, it is stated that in current conditions it is unlikely to have a noticeable impact on demand, which is concentrated in short-term deposits of up to one year. Additional incentives, such as tax breaks, may be necessary to increase the attractiveness of long-term deposits.
“We are currently discussing how to prevent premature withdrawal of such deposits, including the possibility of opening irrevocable deposits with a ban on partial withdrawal of funds before the end of the contract,” Aksakov said.
Before this, depositors of QIWI Bank mercenary insurance compensation.
Previously at Bank of Russia stated About the depreciation of the Yuan.
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Source: Gazeta
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