1. Deposit insurance involves the deposit insurance system. The so-called deposit insurance system simply means that once a bank encounters an operational crisis and goes bankrupt, depositors' deposits can be returned and insurance companies can compensate.

2. On May 2065438 1 day, China's deposit insurance system was formally implemented. Banking financial institutions are required to participate in deposit insurance and pay within a limited amount. If the bank goes bankrupt, the depositor will receive compensation of up to 500,000 yuan, and the compensation will be paid in full within 7 working days.

That is, if the sum of the deposit principal and interest of the same depositor in all insured deposit accounts of the same insurance institution is less than 500,000 yuan, it will be paid in full; The part exceeding 500,000 yuan shall be compensated from the liquidation property of the insurance institution according to law.

Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.