Effective 1 October 2026, the Deposit Insurance Agency (DIA) implemented increased insurance coverage limits following the enactment of Federal Law No. 215-FZ dated 15 July 2026. The standard insurance payout limit for eligible individual bank deposits rises from 1.4 million to 2 million rubles per depositor per bank. Simultaneously, the special coverage limit for escrow accounts used in shared equity construction (dolevoe stroitelstvo) and other real estate transactions increases from 10 million to 30 million rubles per account. The higher limits apply to all insured events occurring on or after 1 October 2026. The DIA clarified that the 2-million-ruble limit covers the aggregate of all deposits and accounts (including accrued interest) held by an individual in a single bank, while the 30-million-ruble escrow limit applies per escrow agreement. Banks are required to update their customer communications and deposit agreement templates by 1 November 2026.
Key Takeaways
- Higher Standard Protection: Individual depositors now enjoy up to 2 million rubles of insurance coverage per bank, a 43% increase, enhancing confidence in the banking system.
- Substantial Escrow Enhancement: The 30-million-ruble escrow limit aligns coverage with current real estate prices, protecting homebuyers’ funds in shared construction projects.
- Immediate Applicability: The new limits apply to insured events from 1 October 2026; banks must revise documentation and inform clients by 1 November 2026.
Disclaimer: This article is compiled and summarized by the AI based on publicly available information and is for general information purposes only. It does not constitute any form of formal tax advice, legal opinion, or basis for performance. Please consult a qualified professional tax advisor or legal counsel for tax advice.
Source: Read Official Announcement