Deposit insurance is subject to limit payment, and the maximum payment limit is RMB 500,000. If the sum of the deposit principal and interest of the same depositor in all insured deposit accounts of the same insurance institution is within the maximum repayment limit, it shall be paid in full, and the part exceeding the maximum repayment limit shall be compensated from the liquidation property of the insurance institution according to law.
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Precautions for deposit insurance funds:
For ordinary deposits, if the Deposit Insurance Regulations are implemented according to the regulatory requirements, the principal and interest of 100% can be paid within 500,000 yuan. So the safest way to save money is not to exceed this limit in the same bank. If there is surplus, it is not entirely impossible to see the disposal of assets after bankruptcy liquidation.
In fact, China's "Deposit Insurance Regulations" was formally implemented as early as May 20 15, and on May 24, 20 19, the Deposit Insurance Fund Management Co., Ltd. was specially established with a registered capital of1000 billion yuan, which is an independent legal person's management institution, and it is more clear and secure for the compensation work after the bank goes bankrupt or fails.
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