The Bank of Russia proposes to increase to 2 million rubles the limit of insurance compensation for long—term deposits over 3 years and for irrevocable savings certificates in rubles for a period of 1 to 3 years, for irrevocable savings certificates in rubles over 3 years - up to 2.8 million rubles from the current 1.4 million rubles. This is stated in the message of the regulator.
At the same time, the rates of deductions to the mandatory deposit Insurance Fund (FOSF) for these deposits may be lower than for short-term deposits and deposits in foreign currency.
In addition, the Central Bank proposes to increase the insurance coverage of escrow accounts to 20 million rubles. (30 million rubles according to the amount of such accounts in one bank), in order to reduce the risks for apartment buyers, taking into account the rapid increase in housing prices in recent years.
The insurance premium rates are planned to be set at such a level that the total amount of income to the FOSF does not change. The burden on the sector will remain the same, while banks will have additional motivation to attract long-term ruble deposits.
