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Now let's talk about the reliability of a bank deposit. Of all financial assets, with the exception of cash, a bank deposit has the lowest level of risk. There are several reasons for this. First, as previously mentioned, the activities of commercial banks are tightly regulated by the Central Bank, as a result of which the probability of financial risks is significantly reduced. Secondly, in order for a commercial bank to start working with deposits of individuals, it must obtain a special license from the Central Bank of Russia. Thirdly, the state has created a special deposit insurance system that guarantees the return of money to customers when certain events occur. Consider this system in more detail. As with any money transactions, there are risks in operations with deposits. The biggest risk is the bankruptcy of the bank, that is, a situation in which the financial condition of the bank does not allow it to fulfill its obligations to investors. In this case, the state comes to the rescue.
Currently, the state guarantees citizens a refund of deposits in the amount of up to 1 million 400 thousand rubles. The body responsible for protecting the rights of depositors, in this case, is the Deposit Insurance Agency. if the client has several deposits in the bank, then their total amount, which will be refunded, should also not exceed 1 million 400 thousand rubles. and includes both the size of the deposits themselves and the interest accrued on them. If the deposit amount exceeds 1 million 400 thousand rubles, the balance will be paid only after the sale of the bank’s property and only if this property is sufficient. if there is not enough money, the depositor will have to forget about this balance of the deposit. Responsible for the payment of insurance premiums, in accordance with the law, is the commercial bank in which the deposit is opened.
Insurance takes effect in the following cases:
1) revocation of a Bank of Russia license from a bank for banking operations;
2) the introduction by the Bank of Russia of a moratorium (postponement) to satisfy the requirements of bank creditors as part of the bankruptcy procedure.
In accordance with the law, the Deposit Insurance Agency is obliged to inform the depositor about the beginning of insurance payments individually. In particular, an official letter should be sent to the depositor indicating which bank it is necessary to apply for to receive compensation on the deposit. However, one must hurry with the demand for money, since applications are accepted only until the bankruptcy proceedings of the bank have been completed.
The presence of insurance does not mean that you can relax and invest money in any bank without looking back. Firstly, in case of concluding a deposit agreement, be sure to check the bank’s participation in the insurance system. Secondly, never rush for high yield on interest rates. such profitability, as a rule, is a sign that the bank has big problems with money and is trying by all means to attract them from you.
Of course, the state will return the money to you, but who will return the time spent searching for new offers? the third characteristic of any financial asset - profitability in relation to bank deposits - we will consider in the next lesson. And now we will answer the question of the practical task that was posed at the beginning of the lesson. Under the given conditions, your future family needs savings of at least 495 thousand rubles ((85 000 rub. + 80 000 rub.) • 3 months). This money is best stored on a deposit opened in a commercial bank. Thus, each person should think about his financial well-being. To do this, you must determine your financial goals and choose the appropriate financial asset. The choice must be made on the basis of the following features: a) the speed at which your financial asset is converted into cash at its real value; b) the reliability of the financial asset; c) the return on a financial asset. The best option for generating savings for certain purposes is a bank deposit.
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