1. Compensation is paid to investors and shareholders only these companies. If you do not find a company on the list, this means that you are not entitled to compensation. The list is being updated. Follow the news on the website.
2. Compensation is paid only to RUSSIAN CITIZENS.
3. Compensation is paid to all citizens of Russia, regardless of age, health, social status, financial situation, labor awards, services to the Motherland and other recognitions and benefits.
4. Compensation is paid to the heirs on the basis of a certificate of the right to inheritance; the list of inherited property must contain information about contributions to the company (organization) included in the Register.
To whom compensation is NOT PAID?
1. Compensation is not paid to investors of companies that do not exist on this list .
2. Compensation is not paid to persons who have citizenship of foreign states, near and far abroad (CIS countries).
3. Compensation is not paid to shareholders of former Checking Investment Funds (CHIFs).
4. Compensation is not paid to bank depositors.
5. Compensation is not paid to investors and shareholders of OPERATING companies (not excluded from the Unified State Register of Legal Entities), even if they do not actually operate).
6. Compensation is not paid to investors and shareholders of companies in whose activities no violations of regulatory legal acts governing activities in the financial and stock markets of the Russian Federation have been identified.
What is the amount of compensation
1. Compensation payments are made taking into account the denomination of the ruble(Decree of the President of the Russian Federation dated 04.08.97 “On changes in the nominal value of Russian banknotes and price scales”).
2. The Federal Fund is not the legal successor of financial companies, does not maintain their registers and is not responsible for the obligations of other legal entities. Money from financial pyramids has never been received by the Foundation; the Foundation pays compensation from its own funds.
3. Payments from the Fund are compensation, this means that their size may not fully compensate for the damage caused by financial companies.
4. The amount of compensation is established by the Foundation Council.
5. Payments are made in the amount of deposits in the company, taking into account payments made by the Fund earlier, but not more than the maximum established amount.
The maximum established amount of compensation for depositors who are veterans and disabled people of the Great Patriotic War of 1941-1945 is 250 thousand rubles.
The maximum established amount of compensation for all other investors is 35 thousand rubles.
6. The Fund does not compensate for interest on deposits or compensation for moral damages.
Where to apply for compensation?
To authorized organizations in your region from this list .
If your region is NOT on this list:
- You can register with the Foundation. Address: Moscow, Izmailovskoe highway, 71, building 8.
- or contact the administration of your region with a request to appoint an authorized organization
Registration of citizens to receive compensation payments is carried out by authorized organizations free of charge.
What documents will be required?
- Passport (original and copies of the second and third pages with a photo);
- Documents confirming the amount of damage caused to the victim by an unscrupulous financial organization:
- Agreement, bill of exchange, savings book or other document of an unscrupulous financial company (originals)
- Original of one of the following documents * :
- court decision on damages
- extract from the verdict in relation to persons who embezzled funds
- investigator's decision to recognize him as a victim
- an extract from the register of creditors' claims (or a ruling by the Arbitration Court on inclusion in the register of creditors' claims).
If the original is not available, it is possible to provide a copy certified by the authority that issued the document (must have a blue stamp).
- The number of the victim’s current bank account indicating the full details of the bank - INN, BIC, KPP, bank account, name of the bank and its branch, contact phone number.
- Certificate of a veteran or disabled person of the Great Patriotic War
You can read more about the documents required to process the payment.
* For citizens who have suffered from unscrupulous financial organizations that operated before 2002, it is not necessary to provide these documents.
In cases where a bank ceases to function, depositors have the opportunity to withdraw their savings. A special Fund for the Protection of Depositors has been created to pay compensation.
What is the Fund for the Protection of Depositors' Rights? What function does it perform?
The Fund for the Protection of the Rights of Depositors (the Fund) is an organization that protects the interests of clients of financial institutions. If a bank ceases to operate, its depositors are paid monetary compensation from the Fund.There is a Federal Fund for the Protection of Depositors in Moscow. It makes payments to clients of Russian banks. To provide compensation to residents of Crimea, a separate representative office of this fund was created - the Autonomous Non-Profit Organization (ANO) “Depositors Protection Fund”. It pays refunds to clients who placed deposits in Ukrainian banks that had the appropriate operating license as of March 16, 2014.
When a bank's structural unit loses its license, the rights to deposits are transferred to the Fund, which makes payments to citizens. As of January 2015, issues regarding payment of deposits from 45 Ukrainian banks are being considered.
ANO "Depositors Protection Fund": goals of the organization
The Crimean Depositors Protection Fund was founded on April 8, 2014. It has the following goals:
- made to individuals registered in Crimea and having deposits in Ukrainian banks;
- represent the interests of clients in the collection of deposits from banks, the amount of which exceeds the maximum amount of payment.
Who can receive compensation from the Fund
A complete list of Ukrainian banks whose clients receive compensation can be found on the website of the Depositor Protection Fund (the list is regularly updated).
The following may apply for compensation:
- depositor;
- widow(er) of the client;
- heir by will, by law:
- legal representative of the client.
Compensations are made for those deposits (accounts) that were issued before 04/01/2014. Money used to organize the activities of individual entrepreneurs is also reimbursed. The following are not subject to compensation:
- funds used for professional activities (lawyer, notary deposits, accounts);
- funds issued in the form of a trust order;
- electronic money;
- bearer deposits.
Where to go and what documents should be prepared
The Depositors Protection Fund (the website in Crimea is available in Ukrainian and Crimean Tatar) has developed a certain procedure for paying out money.
- The Central Bank makes a decision in Crimea.
- Information about this decision is sent to the Fund.
- The Fund, within 4 days from the date of receipt of information, publishes an offer to obtain rights to deposits in the following publications:
4. Citizens submit an application to the Depositor Protection Fund to receive compensation. This can be done within 90 days from the date of publication of the message. The website offers almost 300 collection points in different cities and towns. You can also submit your application by mail. The following documents should be prepared:
- passport (other identity document);
- document for opening a deposit;
- consent to the acquisition of rights by the Fund (this is a statement, it can be downloaded on the website);
- original certificate of inheritance (if heirs apply for compensation);
- notarized power of attorney (if compensation is received by the investor’s representative);
- other documents as required by the Foundation.
5. From the moment the client submits an application, the Depositors Protection Fund of Ukraine considers it no longer than 10 days (if a complete package of documents is available) and gives an answer: a positive decision or a refusal.
6. The decision is communicated to the applicant by telephone or email within 5 working days from the date of its adoption.
7. After receiving a positive decision, the client contacts the authorized bank (which has an agency agreement with the Fund) and enters into an agreement for the assignment of rights under the deposit.
8. An account is opened for the client in an authorized organization, where the required amount is transferred. Also, money can be issued in cash at the cash desk (at the request of the citizen).
Depositor Protection Fund in Crimea: operating features
There is a consultation center of the Depositor Protection Fund in Sevastopol, as well as a representative office of the Fund in Simferopol.
Payment of compensation is carried out in 100% of the deposit amount. Compensation per person for a separate bank should not exceed RUB 700,000. In this case, deposits in different branches of the same bank are regarded as a single deposit. For example, in branch No. 1 a person has a deposit of 400,000 rubles, in branch No. 2 - 500,000 rubles. The total amount within this bank is 900,000 rubles, of which 700,000 rubles will be reimbursed.
Compensation is paid in rubles. If the deposit is made in foreign currency (in hryvnias, dollars, etc.), the equivalent of the amount is determined at the Bank of Russia exchange rate as of March 18, 2014 (1 UAH = 3.78 rubles; 1 dollar = 36.65 rubles; 1 euro = 50.94 rub.).
Compensation implies payment of savings and interest accrued before April 2014. If, from April 1, 2014, a citizen withdrew part of the funds from the account (deposit), the withdrawn amount is not subject to compensation.
Under deposit agreements that were not concluded in writing (for example, “Kopilka” from PrivatBank), payments are not made, since there is no documentary evidence of the presence of a deposit (there is no agreement, balances in Privat24 are not confirmed).
You can use the website of the Depositor Protection Fund to see the status of the application (at what stage it is being considered, what decision was made). The citizen fills out the form electronically, indicating his full name, tax identification number, number of the submitted application and confirms his actions by entering an encrypted code. The screen will display the latest information.
Reviews of the Depositor Protection Fund
The Depositors Protection Fund, whose official website indicates maximum deadlines for consideration of applications, does not always comply with them. This is evidenced by feedback from investors who wait for a decision much longer than the approved time intervals - several months instead of 15 days.
Some depositors also complain about the fund's requirement to provide original documents (for example, bank statements) again. However, the reason for such a requirement is not indicated (the document is lost, does not fit the format, etc.).
Sometimes the website displays information that a message has been sent to the client indicating the need to provide additional documents. But the investor did not receive any letters.
Other clients note the good work of the organization. After providing a minimum list of documents (a card and a check with the balance of money on it on the date of filing the application), the money was paid within the period established by law.
- Compensation is paid to investors and shareholders of these companies only. If you do not find a company on the list, this means that you are not currently entitled to compensation. The list is being updated. Follow the news on the website.
- Compensation is paid only to RUSSIAN CITIZENS.
- Compensation is paid to all citizens of Russia, regardless of age, health, social status, financial situation, labor awards, services to the Motherland and other recognitions and benefits.
- Compensation is paid to widows (widowers) not only for their own contribution, but also for the contribution of the deceased spouse.
- Compensation is paid to heirs by will or heirs of first priority by law.
To whom compensation is NOT PAID:
- Compensation is not paid to investors of companies that are NOT on this list.
- Compensation is not paid to persons who have citizenship of foreign states, near and far abroad (CIS countries).
- No compensation will be paid to shareholders of the former Checking Investment Funds (CHIFs).
- No compensation is paid to bank depositors.
- Compensation is not paid to investors and shareholders of OPERATING companies (not excluded from the Unified State Register of Legal Entities), even if they do not actually operate).
- Compensation is not paid to investors and shareholders of companies in whose activities no violations of regulatory legal acts regulating activities in the financial and stock markets of the Russian Federation have been identified.
What is the amount of compensation
- Compensation payments are made taking into account the denomination of the ruble (Decree of the President of the Russian Federation of 04.08.97 “On changes in the face value of Russian banknotes and price scales”).
- The Federal Fund is not the legal successor of financial companies, does not maintain their registers and is not responsible for the obligations of other legal entities. Money from financial pyramids has never been received by the Foundation; the Foundation pays compensation from its own funds.
- Payments from the Fund are compensation, which means that their size may not fully compensate for the damage caused by financial companies.
- The amount of compensation is established by the Foundation Council.
- Payments are made in the amount of deposits in the company, taking into account payments made by the Fund earlier, but not more than the maximum established amount. The maximum established amount of compensation for depositors who are veterans and disabled people of the Great Patriotic War of 1941-1945 is 100 thousand rubles. The maximum established amount of compensation for all other investors is 25 thousand rubles.
- If a court decision is provided as a document for receiving compensation confirming a contribution to the company, then the basis for calculating compensation is only the amount of the contribution. The Fund does not compensate for interest on deposits or compensation for moral damages.
Where to apply for compensation?
The Federal Public-State Fund for the Protection of the Rights of Depositors and Shareholders has been paying monetary compensation to victims of financial pyramids for almost twelve years.
Today he has about 2 billion rubles in his piggy bank. The money is intended for a million people who turned to the fund for compensation. One and a half million citizens have already received them. This is one of the “old” ones - those whose pyramids were included in the special register of the fund.
However, recently the ranks of the “fire victims” were replenished with recruits from the freshly collapsed pyramids. According to some estimates, there are also almost a million of them. This year alone, gullible Russians lost about 32 billion rubles. It is very difficult for the fund in the form in which it now exists to resist the gigantic sums that circulate in the new pyramids. Therefore, it will undergo a reorganization in the near future.
In July of this year, President Dmitry Medvedev amended the decree on the Federal Public-State Fund for the Protection of the Rights of Depositors and Shareholders (FOGF). This document changes the procedure for forming the fund and the powers of its management bodies. As RG was told by the currently reformed Rosimushchestvo, one of the ex-founders of the fund, the purpose of the decree is to better build a mechanism for social protection of the population on the part of the authorities.
However, the work of the fund has not been stopped - it continues to pay compensation. The deputy manager of the fund, Leonid Mishchenko, told an RG correspondent about what kind of help from the state the unlucky investor has the right to count on today.
For now, citizens whose money was burned in the distant 1990s can still hope for the fund’s assistance. Now, from its funds, payments are made to the victims of more than two thousand unscrupulous financial companies and their branches, which, having collected money from the population, did not fulfill their obligations. They also include insurance companies and non-state pension funds of the first wave.
But, for example, “MMM” is not on the list for payments, since “MMM” tickets do not indicate the amounts contributed by investors. Therefore, it is impossible to find out exactly how much money people invested. Only those who present original financial documents confirming the fact of depositing funds have the right to payments. These can be contracts, transaction books, bills of exchange, receipts of cash receipts. But here we need to clarify one point. Not all depositors of insurance companies, checking, investment and pension funds, and commercial banks are entitled to compensation from the fund. If they did not cease to exist, but were reorganized, then the affected investors must submit claims to the liquidation commission. The Federal Service for Financial Markets and Rosstrakhnadzor are also involved in disputes between citizens and such operating joint-stock companies.
Two years ago, the maximum amount of payments for recognized FOGF clients was increased to 10 thousand rubles, and for veterans of the Great Patriotic War - to 50 thousand. As Mishchenko explained, for every million rubles of “origin” in 1994, today you can get a thousand rubles. “If, for example, before the denomination you invested 12 million rubles in the pyramid, then you can count on 10 thousand rubles. And keep two thousand “in mind,” that is, demand the remaining money when the board of trustees decides to increase the maximum amount,” - explained Leonid Mishchenko.
Of course, this is not enough, considering that some of them burned from 20 to 50 million non-denominated rubles in their pyramids. In addition, the children and grandchildren of the victims have been waiting for recognition of the rights to inherit compensation deposits for many years. However, decisions on raising the “ceiling” of old compensation, as well as on the question of “what to do with the victims of new pyramids,” will apparently be made after the reorganization of the fund.
According to the current charter of the fund, there is a rather complicated procedure for including financial pyramids in the register of compensation payments. Firstly, the company must not have a license to attract funds from citizens. Secondly, it is necessary that the court, based on lawsuits from citizens and criminal cases, recognize the companies as pyramids and that they do not have property with which to pay off depositors. Thirdly, you need a petition from the administration of the region in which the company operated to include it in the register for payments, providing the entire package of documents.
In many regions, control over the implementation of compensation payments is carried out by commissions for the protection of the rights of depositors and shareholders under administrations. “If deceived citizens apply to such commissions and a petition follows from them, then a special expert commission of the fund will review these documents and submit them for discussion at a meeting of the Board of Trustees,” explains Mishchenko. However, he adds, this procedure was in effect until the adoption of the new presidential decree. Now, in essence, the board of trustees does not have key founders - representatives from the state. The Russian Federal Property Fund was liquidated this year. Its functions have been transferred to the Federal Property Management Agency, which in turn is in the process of reorganization.
The financial component of the fund’s activities is also questionable. At the beginning of his work, the main source of payments was funds received from privatization. They were transferred to licensed management companies, which were supposed to take care of both their safety and the fact that the money would grow. Ten years ago, the state transferred a one-time amount of 543 million rubles to the fund, but thanks to management companies it was possible to increase it several times, that is, to 2.4 billion rubles. This is what made it possible to increase the amount of maximum compensation for burnt deposits to 10 and 50 thousand rubles. There is no mention of privatization revenues in the new presidential decree. And given the current situation on the stock market, the fund assures, even with the help of management companies with the highest reliability ratings, it is difficult to repeatedly increase capital for compensation payments. Especially for the victims of the financial pyramids of 2008.
“If earlier people contributed relatively little money to pyramids,” explains Mishchenko, “now the average contribution is 50 thousand rubles. This is a significant amount for a family. In my opinion, the main reason for the new surge in people’s unhealthy interest in pyramids is inflation. And in banks interest rates on deposits are lower, and the profitability of mutual investment funds is also falling. Against this background, companies that promise people an income of 30-50 percent per month look especially attractive.”
However, according to RG experts, new threats are also emerging. For example, from mutual funds, which today are created in unlimited quantities. The Law “On the Protection of the Rights and Legitimate Interests of Investors in the Securities Market” talks about the creation of a federal compensation fund, similar to the one that protects bank deposits of the population with the help of the Deposit Insurance Agency. But such a system of mutual investment insurance by securities market participants has not been created. But given the number of mutual funds, sooner or later some of them will collapse anyway. And it would be good if by that time such an organization was already operating on the basis of the Federal Public Fund, say the fund’s experts.
Life also poses other questions. Citizens who have suffered from mortgage scams turn to the fund. And they are asking to create not only a separate register of such victims, but also to evaluate the seized land plots and assets of fraudulent companies, and begin searching for the missing money of citizens in Russia and abroad. Of course, they say at the foundation, we could do this work, we have experience. But for now we have to wait until the reorganization is completed. “We hope it will pass quickly,” noted Leonid Mishchenko. “After all, the solution to issues that concern tens of millions of Russians depends on it.”
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