Deposit Insurance
State deposit insurance system
Are your deposits with us insured?
Bank deposits are insured by the Deposit Insurance Agency subject to the Federal Law “On Insurance of Bank Deposits in Banks of the Russian Federation” No. 177-ФЗ adopted on December 23, 2003.
Until September 30, 2020, the maximum amount of payment on all deposits of individuals in one bank remains 1,400,000 rubles but commencing from October 1, 2020 individual depositors will be able to receive insurance payout up to 10,000,000 rubles on deposits with the account balance that is resulting from residential real estate sales, as well as inheritance, social benefits, subsidies, funds received under enforcement of court decisions, etc.
Starting with October 1, 2020 legal entities deposits will be subject to insurance as well, namely those placed by small enterprises, partnerships of property owners, consumer cooperatives, Cossack societies, communities of indigenous peoples of the Russian Federation, religious organizations, charitable foundations and non-profit organizations performing public services.
SDM-Bank is a member of the deposit insurance system and is able to provide high level of security of your financial investments.
The Bank’s number in the Deposit Insurance Agency register is 69.
Learn more about bank deposit insurance by calling our 24/7 information and service desk: +7 (495) 705-90-90.
More detailed information on the deposit insurance system is available on the website of the Deposit Insurance Agency.