Deposit Coverage Limit

Upon the occurrence of an insured event, the Fund reimburses depositors for their deposits and savings in a member credit institution, up to the maximum amount of insurance compensation (coverage limit) established by law.

The coverage limit for insured deposits and savings per depositor at a single credit institution is set at 35,000 somoni.

According to the Law of the Republic of Tajikistan “On Deposit and Savings Insurance” (Article 22), the amount of insurance compensation is determined as follows:

1. If a depositor has multiple deposit and savings accounts with a credit institution, these accounts are treated as a single savings account. Compensation is paid based on the total amount held across all deposit and savings accounts, not exceeding 35,000 somoni.
2. If an insured event occurs at several credit institutions where the depositor holds accounts, compensation is calculated separately for each institution.
3. Deposits and savings in a joint account at a credit institution are considered a single deposit. Insurance compensation is distributed equally or based on an agreed-upon share among the account holders. If one of the joint account holders has another account with the same credit institution, their share of the joint account is combined with the other account’s balance and treated as one deposit.
4. Deposits made in the national currency will be refunded in the national currency. Savings in foreign currency will be reimbursed in the national currency according to the official exchange rate set by the National Bank of Tajikistan on the day the insured event occurs.
5. The Fund does not reimburse interest on deposits. If the deposit agreement allows for interest capitalization, the refund will be calculated based on the remaining balances in the deposit and savings accounts.

**Note:** If the total amount of a depositor’s funds in a liquidated credit institution exceeds the insurance payout, the special administrator (liquidator) of the bankrupt credit institution will pay the remaining funds, following the procedures laid out in the RT Law “On Liquidation of Credit Institutions.”

In case an insurance event occurs, no compensation is provided for the following types of deposits and savings:

– Deposits and savings derived from criminal activities or those frozen by a court order.

– Deposits and savings that, according to the National Bank of Tajikistan, led to the credit institution’s financial deterioration.

– Deposits and savings belonging to affiliated individuals or entities of a credit institution, as well as those classified as such within one year before the institution’s liquidation.

– Deposits and savings from partners of the audit firm auditing the credit institution during the year preceding the insured event.

– Deposits and savings held by individuals owning more than five percent of a credit institution’s shares.

– Deposits and savings located in foreign branches of a credit institution.

– Deposits and savings that correspond to outstanding debts owed by the depositor to the credit institution.

– Deposits and savings amounting to less than 10 somoni.