In the case of bank bankruptcy, deposit insurance is subject to a limit payment, and the maximum payment limit is RMB 500,000. The maximum compensation limit here refers to the amount of funds calculated by the same depositor in all insured deposit accounts of the same insurance institution in terms of individuals rather than families.

If the sum of the principal and interest of all deposit accounts of the same depositor in the same bank is less than 500,000 yuan, it shall be paid in full; The part exceeding 500,000 yuan shall be compensated from the liquidation property of the bank where the account is opened. The maximum amount of compensation for a depositor's single bank deposit is 500,000 yuan, and deposits exceeding this limit will not be paid. Therefore, when saving money, you can consider taking 500 thousand yuan as the maximum limit, and it is best to deposit it in different banks.

The state no longer covers depositors' deposits in commercial banks and allows banks to go bankrupt. Once the bank goes bankrupt, depositors' deposits will be compensated by deposit insurance institutions, but the compensation is limited. The maximum amount of compensation for a depositor's single bank deposit is 500,000 yuan, and deposits exceeding this limit will not be paid.

Article 5 of the Deposit Insurance Regulations limits the payment, and the maximum payment limit is RMB 500,000. The People's Bank of China, together with relevant departments of the State Council, may adjust the maximum payment limit according to factors such as economic development, changes in deposit structure and financial risks, and report it to the State Council for approval before promulgation and implementation.

If the total amount of funds calculated by the same depositor in all insured deposit accounts of the same insurance institution is within the maximum repayment limit, full repayment will be implemented; The part exceeding the maximum payment limit shall be compensated from the liquidation property of the insurance institution according to law.

After the deposit insurance fund management institution repays the insured deposit of the depositor, it obtains the creditor's rights of the depositor to the insurance institution in the same repayment order within the scope of the repayment amount.

Measures for the deposit of social insurance funds and housing accumulation funds shall be formulated separately by the People's Bank of China in conjunction with relevant departments of the State Council and submitted to the State Council for approval.