A special recording procedure for certain securities will be in effect until the end of 2025
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15.02.2022
THE BANK OF RUSSIA HAS DEVELOPED A TABLE FORMAT TO REFLECT THE MOST SIGNIFICANT TERMS OF BANK DEPOSIT AGREEMENTS
From July 3, 2022, banks in bank deposit agreements with individuals concluded after this date must indicate the main terms of the deposit in a table placed on the first page of the agreement and made in a clear, well-read font of the maximum size used in the agreement.
The first page of the agreement must also disclose the value of the minimum guaranteed rate on the deposit, which determines the minimum income that is paid by the credit institution on the amount of the deposit, provided that the funds are kept until the deposit expires, without taking into account the conditions that entail a change in its profitability.
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