Level and Scope of Insurance Coverage
In accordance with the Law of the Republic of Tajikistan “On Deposit and Savings Insurance”, the deposits and savings of individuals at member credit institutions of the Fund are subject to mandatory insurance coverage.
Deposit and savings insurance is completely free for depositors and does not require a separate insurance contract. All costs and operations are covered by the credit institutions and the Fund.
The following depositors (individuals and entities) are eligible for insured deposits and savings:
- Individuals
- Individual entrepreneurs
- Legal entities and small business owners
- Non-profit organizations
The objects of compulsory insurance include funds held in the following types of deposit accounts opened with credit institutions, in both national and foreign currencies:
- Demand accounts
- Savings accounts
- Fixed-term accounts
- Bank card accounts
However, the following are not covered by compulsory insurance:
- Metal accounts held by individuals and legal entities
- Money and assets stored in bank safe deposit boxes
- Bank certificates
- Deposit and savings accounts held by legal entities, except for small businesses and non-profit organizations
- Deposit and savings accounts opened with Islamic financial institutions
- E-money
- Deposit and savings accounts where the rights have been transferred to other individuals through an agreement made outside the credit institution
- Deposit and savings accounts where the account holder has not been identified by the credit institution
In case of the occurrence of an insurance event at a member credit institution of the Fund, depositors have the legal right to receive compensation for their savings. The Fund guarantees reimbursement of the insured amounts to depositors within the limits established by law.
