Amount of insurance compensation

In the event of an insured event, the Fund pays depositors compensation for deposits and savings in a credit institution within the maximum amount of insurance compensation established by law.

In accordance with the Law, the amount of compensation for insured deposits and savings is no more than 35,000 somoni.

In accordance with the procedure established by the Law, the amount of insurance compensation is established as follows:

 — If a depositor has several deposit and savings accounts in a credit institution, these accounts are recognized as one savings account and compensation is paid based on the total amount of funds in the deposit and savings accounts in an amount not exceeding 35,000 somoni;

— If an insured event occurs in several credit institutions in which the depositor has deposit and savings accounts, the amount of insurance compensation is calculated separately for each credit institution. Interest on deposits and savings is not reimbursed by the Fund.

If the deposit and savings account agreement provides for interest capitalization, then compensation will be paid on the balance of the deposit and savings accounts. Deposits and savings placed in national currency are reimbursed in national currency.

Deposits and savings placed in foreign currency are reimbursed in national currency at the official exchange rate set on the day of the insured event.