The state has established a special deposit insurance fund through legislation, making it clear that when individual financial institutions have operational problems, the deposit insurance fund management agency will use the deposit insurance fund to promptly repay depositors in accordance with regulations and protect depositors. Legitimate interests.
According to the Deposit Insurance Regulations, deposit insurance covers all banking financial institutions that accept deposits (hereinafter collectively referred to as "insured institutions"), including commercial banks, rural cooperative banks, and rural credit cooperatives established in my country. Insured deposits include RMB deposits and foreign currency deposits absorbed by insured institutions.
Extended information:
The introduction of deposit insurance is as follows:
Interbank deposits of financial institutions, deposits of senior managers of the insured institution in the insured institution and the deposit insurance fund Except for other deposits that are not insured by the regulatory agency. According to the deposit insurance regulations, deposit insurance implements limited reimbursement, and the maximum reimbursement limit is RMB 500,000.
If the combined deposit principal and interest of all insured deposit accounts of the same depositor in the same insured institution are within the maximum repayment limit, full repayment will be implemented; the portion exceeding the maximum repayment limit will be repaid. Receive compensation from the liquidated property of the insured institution in accordance with the law.