Deposit insurance
By depositing funds into deposits and accounts with JSC ISBANK (hereinafter referred to as the “Bank”), you entrust your funds to the Bank of the International Financial Group Türkiye Iş Bankası A.Ş. with a 98-year history and high reliability.
On September 15, 2005, the State Corporation “Deposit Insurance Agency” (hereinafter referred to as the “Agency”) included JSC ISBANK in the register of banks participating in the mandatory deposit insurance system under the number 917
All deposits and funds on accounts opened with JSC ISBANK (hereinafter referred to as “deposits”) are insured in accordance with the procedure, amounts and conditions established by the Federal Law “On Insurance of Deposits of Individuals in Banks of the Russian Federation” No. 177—FZ dated December 23, 2003.
Upon the occurrence of an insured event, compensation for deposits in the Bank is paid to the depositor by the Agency in the amount of 100% of the amount of deposits in the Bank, but not more than 1,400,000 Russian Rubles. If the depositor has several deposits in the Bank, then compensation is paid for each of the deposits in proportion to their size, but not more than 1,400,000 Russian Rubles in total.
This condition applies to all deposits made by the depositor (in favor of the depositor) to the Bank, including deposits made in connection with the implementation of business activities provided for by federal law (with the exception of escrow accounts opened by individuals for settlements under real estate purchase and sale transactions and for settlements under the contract of participation in shared construction).
Depositor — a citizen of the Russian Federation, a foreign citizen, a stateless person, including those engaged in entrepreneurial activity, or a legal entity classified in accordance with the legislation of the Russian Federation as small and medium-sized enterprises, information about which is contained in the unified register of small and medium-sized businesses, which is maintained in accordance with the Federal Law of July 24, 2007 year N 209-FZ "On the development of small and medium-sized enterprises in the Russian Federation", non-profit organizations - performers of socially useful services and socially oriented non-profit organizations, information about which is contained in the register of non-profit organizations - performers of socially useful services or in the register of socially oriented non-profit organizations maintained by federal executive authorities in accordance with the legislation of the Russian Federation, public organizations that are professional unions (trade union organizations), lawyers, notaries and other persons whose accounts are open for professional activities provided for by federal law, who have concluded an agreement with the bank a bank deposit or a bank account agreement, or any of the specified persons, in whose favor the deposite was made;
If the deposit is placed in a foreign currency, the amount of compensation for deposits is calculated in Russian Rubles at the rate set by the Bank of Russia on the day of the insured event. Payment of compensation for deposits is made in Russian Rubles.
The depositor’s right to claim compensation for deposits arises from the date of occurrence of the insured event.
An insured event is one of the following circumstances:
- revocation (cancellation) The Bank has a license from the Bank of Russia to conduct banking operations, if the plan of participation of the Bank of Russia or the Agency in the settlement of the bank’s obligations in accordance with Federal Law No. 127-FZ of October 26, 2002 “On Insolvency (Bankruptcy)” has not been implemented ;
- the introduction by the Bank of Russia, in accordance with the legislation of the Russian Federation, of a moratorium on satisfying the claims of the Bank’s creditors.
The insured event is considered to have occurred from the date of revocation (cancellation) of the bank’s license of the Bank of Russia or from the date of the introduction of a moratorium on satisfying the claims of the bank’s creditors.
If the bank in respect of which the insured event occurred also acted as a creditor towards the depositor, the amount of compensation for deposits is determined based on the difference between the amount of the bank’s obligations to the depositor and the amount of the bank’s counterclaims to the depositor that arose before the day of the insured event, unless otherwise provided by the legislation of the Russian Federation.
Funds in the currency of the Russian Federation or foreign currency placed by depositors or in their favor in banks participating in the deposit insurance system, on the basis of a bank deposit agreement or a bank account agreement, including capitalized (accrued) interest on the amount of the deposit, including:
- cash on term deposits and demand deposits;
- cash on current accounts, including those used for settlements on bank (plastic) cards;
- cash on settlement and deposit accounts of individual entrepreneurs;
- funds in nominal accounts opened by guardians/trustees, the beneficiaries of which are wards;
- cash on escrow accounts opened for settlements on real estate purchase and sale transactions;
- cash on escrow accounts opened for settlements under contracts of participation in shared construction“;
- funds placed in deposits certified by savings certificates;
- funds placed by legal entities classified in accordance with the legislation of the Russian Federation as small enterprises, information about which is contained in the unified register of small and medium-sized businesses.
The funds are not insured:
- placed in bank deposits, the deposit of which is certified by certificates of deposit;
- transferred to banks in trust management;
- deposits placed in branches of banks of the Russian Federation located outside the territory of the Russian Federation;
- being electronic money;
- placed on nominal accounts, with the exception of individual nominal accounts, which are opened to guardians or trustees and the beneficiaries of which are wards, collateral accounts and escrow accounts, unless otherwise established by Federal Law No. 177-FZ of 23.12.2003 “On Deposit Insurance in Banks of the Russian Federation”;
- placed in subordinated deposits;
- placed by legal entities or in their favor, with the exception of funds placed by small enterprises or in their favor.
- placed on special accounts (special deposits) intended for the formation and use of funds from the capital repair fund of common property in an apartment building opened in accordance with the requirements of the Housing Code of the Russian Federation;
- placed on public deposit accounts;
- placed by foreign agents (with the exception of individuals, including individual entrepreneurs), information about which is contained in the register of foreign agents, which is maintained in accordance with Federal Law No. 255-FZ of July 14, 2022 "On Control over the activities of persons under foreign Influence", or in their favor.;
- placed on bank accounts (deposits) of individuals providing professional services in the financial market in accordance with Federal Law No. 86-FZ of July 10, 2002 "On the Central Bank of the Russian Federation.
The Bank notifies that detailed information on deposits subject to insurance in accordance with the Federal Law, on the amount of compensation for deposits, a description of the procedure for the depositor to apply to the Agency with a claim for payment of compensation for deposits and the procedure for payment of compensation for deposits, as well as information on the depositor’s right to receive the remaining part of the deposit after payment of compensation in in accordance with the Federal Law “On Insolvency (Bankruptcy)” is available on the Agency’s website. www.asv.org.ru
The Bank notifies about the need to provide timely information to the Bank about changes in the information provided at the conclusion of the bank deposit agreement or bank account agreement (surname, first name, patronymic, registration address, location (for legal entities), address for postal notifications, type and details of the identity document of the depositor — an individual, contact phone number, names (for a legal entity), information about representatives who have the right to act on behalf of the depositor — a legal entity without a power of attorney), as well as possible negative consequences of failure to perform such actions in the event of an insured event against the Bank (in particular, an increase in the time for consideration of the depositor’s claim for payment of compensation for deposits, refusal to pay such compensation if the Agency is unable to identify the identity of the depositor (his representative, who has the right to act on behalf of the depositor — a legal entity without a power of attorney));
Details of the State Corporation “Deposit Insurance Agency”:
Address: 4 Vysotsky str., Moscow, 109240
Hotline phone:
Email: info@asv.org.ru
Website address: www.asv.org.ru
