Depositors are insured up to 75 million VND
From August, depositors at a bankrupt credit institution will receive a maximum insurance amount of VND75 million.
Prime Minister Nguyen Xuan Phuc has just signed Decision 21/2017 on the insurance payment limit. Accordingly, from August 5, 2017, the insurance payment amount for all insured deposits under the provisions of the Law on Deposit Insurance (including principal and interest) of an individual at an organization participating in deposit insurance is a maximum of 75 million VND.
 |
| Depositors will be insured up to VND75 million from August. |
Thus, the deposit insurance rate applied from August will increase by 50% compared to current regulations.
Previously, the deposit insurance payment limit applied from 1999 was 30 million VND and increased to 50 million VND from 2005.
According to the provisions of the Law on Deposit Insurance, insured deposits are Vietnamese Dong of individuals deposited at organizations participating in deposit insurance in the form of term deposits, non-term deposits, savings deposits, deposit certificates, promissory notes, treasury bills and other forms of deposits as prescribed by the Law on Credit Institutions./.
According to VNE
| RELATED NEWS |
|---|
.jpg "Người dân Nghệ An được tuyên truyền chính sách pháp luật về bảo hiểm tiền gửi")
.jpg "Bảo hiểm tiền gửi khu vực Bắc Trung Bộ triển khai nhiệm vụ năm 2025")
