1. What does the deposit insurance sign stand for?
The use of the deposit insurance mark means that in this financial institution, depositors' deposits are guaranteed by deposit insurance. In short, whether it is a state-owned bank, a joint-stock bank, a city commercial bank, a rural commercial bank or a rural credit cooperative, as long as it has this logo, it shows that it has the ability to ensure the safety of depositors' deposits.
Deposit insurance, also known as deposit protection, means that the state provides clear legal protection for public deposits through legislation. Since May 1 2065438, China's Deposit Insurance Regulations have been implemented.
China's deposit insurance is limited to pay, and the maximum payment limit is RMB 500,000. In other words, 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 will be paid in full.
So far, the deposit insurance system has been implemented for more than five years. Over the past five years, the deposit insurance system has been implemented smoothly, the interests of depositors have been highly guaranteed, and the healthy and stable development of the banking system has been promoted. However, financial consumers are still a little "scratching their heads" about deposit insurance, and their feelings are not so intuitive. The use of deposit insurance marks is an international practice. This logo is intuitive, eye-catching and credible, which helps financial consumers to identify financial institutions participating in deposit insurance more conveniently and better understand that their deposits are protected by the national deposit insurance system.
2. Is there deposit insurance protection for bank financing?
Wealth management products are not protected by deposit insurance. From the scope of protection, insured deposits include RMB deposits and foreign currency deposits absorbed by insurance institutions, including both personal savings and deposits of enterprises and other units. Both principal and interest belong to the scope of insured deposits. Except for interbank deposits of financial institutions, deposits of senior managers of financial institutions in this institution and other uninsured deposits as stipulated by the deposit insurance fund management institution. It is also an international practice to exclude a few specific deposits from the scope of deposit insurance protection, which is conducive to giving play to the role of market restraint mechanism and promoting the steady development of the banking industry.