From the upcoming year, Russian depositors will have the option to receive remote repayments for their deposits if their bank loses its license or faces bankruptcy. This information is reported by the publication News with reference to the Deposit Insurance Corporation, known as the DIA.
According to the DIA, the process will require customers to verify their identity and submit an application online through the Gosuslug platform. Once the application is submitted and verified, the funds will be credited directly to the depositor’s bank account. The bill proposing this change is currently under discussion in the State Duma. The DIA notes that allowing remote filing of the request should streamline access to payments for depositors, reducing the need for in-person visits to offices and making the compensation process faster and more convenient.
At present, individuals seeking compensation are typically advised to contact the intermediary bank that holds their account or to directly reach out to the DIA for guidance. In addition, they are usually required to send a claim through the agency in the traditional mail channel. The change to a remote filing method aims to simplify this path and provide a clearer, more direct route to reimbursement when a bank fails.
On 30 December 2022, Izvestia reported, citing the Ministry of Finance, that a new tax would be introduced in 2023 on the interest earned from bank deposits. Citizens would be responsible for this tax until December 2024. This development marks a notable shift in the taxation framework surrounding savings and may influence how depositors manage and monitor their accounts going forward. [DIA official communications]
In a subsequent public statement, Deputy Head of the LDPR faction Yaroslav Nilov indicated that the Liberal Democratic Party has forwarded a government proposal to extend a current exemption. The aim is to temporarily remove citizens from paying taxes on the interest generated by their deposits for an additional year, providing relief while the broader tax policy is reviewed. This legislative effort reflects ongoing debates about how tax rules affect household savings and the behavior of savers in the Russian financial system. [DIA and parliamentary records]