News

Russia is preparing a project on irrevocable long-term deposits

Head of the State Duma Committee on the Financial Market Anatoly Aksakov

Head of the State Duma Committee on the Financial Market Anatoly Aksakov

©duma.gov.ru

In Russia, a bill is being prepared on irrevocable long-term deposits for a period of three years and at a higher percentage. Anatoly Aksakov, head of the State Duma committee on the financial market, spoke about this on Thursday, September 22.

According to him, such a bill has not yet been submitted to the lower house of parliament, writes RIA News. “These should be long-term deposits, respectively, so to speak, more than three years, then they can be irrevocable. But the interest on them can be higher, of course,” Aksakov said.

Deputy Finance Minister Alexei Moiseev said earlier that the Finance Ministry would like irrevocable deposits to appear in the Russian banking system, which would be fully covered by the DIA’s “insurance”. Irrevocable deposits do not allow the depositor to close his account ahead of schedule or withdraw part of the money. To do this, you must wait until the end of the contract.

Leave a Reply

Your email address will not be published.

Back to top button