In accordance with the Law of the Republic of Tajikistan “On Insurance of Deposits and Savings” (hereinafter referred to as the Law), the system of mandatory insurance of deposits and savings is primarily aimed at state protection of the rights and legitimate interests of depositors from the risk of bankruptcy of credit institutions.

The deposit and savings insurance system guarantees reimbursement of depositors’ funds within the limits established by law. This system significantly impacts public confidence in the banking sector and contributes to the overall financial stability of the country.

For the public, particularly potential clients of credit institutions, trust in the banking system is a crucial factor. The more familiar people are with the deposit insurance mechanism, the more likely they are to utilize banking services, such as opening deposit and savings accounts. This increased trust leads to higher savings rates, which expand the resource base of credit institutions, ultimately resulting in more lending to various sectors of the economy and promoting economic development.

Therefore, for the deposit and savings insurance system to function effectively, it is vital to continuously inform the public and depositors about the nature and benefits of this insurance, including the coverage limits, the types of deposits and savings that are insured, the amount of compensation available, and the activities of the insurance fund.

By law, credit institutions that are members of the fund must provide ongoing information to depositors in accordance with the “Procedure for the Provision of Information by Credit Institutions to Depositors on the Deposit and Savings Insurance System.” This procedure outlines the necessary measures for credit institutions to inform the public and depositors about the deposit and savings insurance system, their membership in the fund, the types of deposits and savings that are insured, the compensation amounts, and other relevant details.

Credit institutions are required to establish a clear and timely process for informing depositors—both individuals and legal entities—about the deposit and savings insurance system and their participation in it, in compliance with this procedure.