1. Bank deposit insurance system
The deposit insurance system is a kind of financial guarantee system, which refers to the establishment of insurance institutions by various qualified deposit financial institutions, and each deposit institution, as the insured, pays insurance premiums to them according to a certain proportion of deposits and establishes deposit insurance reserves. When the member institutions have business crisis or face bankruptcy, deposit insurance institutions provide financial assistance or directly pay part or all of their deposits to depositors, thus protecting depositors' interests, maintaining bank credit and stabilizing financial order.
In China, the establishment of deposit insurance system is also conducive to strengthening the supervision of the central bank and reducing its burden.
2. Coverage of bank deposit insurance system
Including RMB deposits and foreign currency deposits; It includes both personal savings deposits and deposits of enterprises and other units; Both principal and interest are insured deposits. However, the interbank deposits of financial institutions and the deposits of senior managers of insurance institutions in this institution are not within the scope of this insurance, mainly to give full play to the binding role of the market mechanism and prevent moral hazard.
3. The premium of deposit insurance shall be paid by the insured banking financial institution, and depositors need not pay it.
Deposit insurance can only get financial assistance from the insurer after the insured bank pays the insurance premium according to the regulations, or can only get compensation when the depositor goes bankrupt; In addition, deposit insurance only compensates bank deposits that close down during the insurance period, and deposits that are not insured or terminate the insurance relationship are not protected.
The "Regulations" clearly stipulate that depositors have the right to ask the deposit insurance fund management institution to use the deposit insurance fund to pay insured deposits: First, the deposit insurance fund management institution acts as the takeover organization of insurance institutions; Second, the deposit insurance fund management institution carries out liquidation on the revoked insurance institutions; Third, the people's court ruled to accept the bankruptcy application of insurance institutions; Fourth, other circumstances approved by the State Council. In order to ensure the timely payment of depositors, the Regulations also clearly stipulate that the deposit insurance fund management institution shall pay the deposit in full within 7 working days from the date of the above situation.
4. How much can bank deposit insurance pay?
Deposit insurance is subject to a limit payment, with a maximum payment limit of 500,000 yuan. Individual banks have problems, and the total amount of principal and interest of depositors in the bank's deposit account is less than 500,000 yuan, and full compensation is implemented. The part exceeding 500,000 yuan shall be compensated from the liquidation property of the insurance institution according to law.
The Regulations also stipulate that the part exceeding the maximum payment limit shall be compensated from the liquidation property of the insurance institution according to law. If the funds can be recovered after liquidation, compensation will still be made in proportion. Moreover, if a new institution takes over, our deposit will be paid off by the new institution.
Banking financial institutions that have started to accept deposits before the implementation of these Regulations shall go through the insurance formalities within the time limit prescribed by the deposit insurance fund management institution.
Banking financial institutions that take deposits and start business after the implementation of these Regulations shall, within 6 months from the date when the business license is issued by the administrative department for industry and commerce, go through the insurance formalities in accordance with the provisions of the deposit insurance fund management institution.