What are the payment rules?

Payment of insurance compensation is made in rubles. If the deposit is placed in foreign currency, the amount of compensation is calculated in rubles at the exchange rate set by the Bank of Russia on the date of the insured event.

What should you do if the bank’s obligations to the depositor exceed the maximum amount of insurance compensation (1,400,000 rubles)?

Depositors who, after receiving insurance compensation, still have an unpaid portion of the deposit exceeding the maximum amount of insurance compensation may submit a creditor’s claim to the bank in order to receive the remaining deposit amount during the bank’s bankruptcy proceedings (liquidation).

For this purpose, the depositor (except for the categories of depositors listed below) only needs to complete the section in the compensation payment application regarding inclusion of the bank’s obligations in the register of creditors’ claims.

The following categories of applicants are exceptions:

• heirs (their representatives);
• depositors in respect of whom bankruptcy proceedings have been initiated;
  
• depositors who have escrow accounts opened for settlements under a real estate sale and purchase transaction, or escrow accounts opened for settlements under shared construction participation agreements.
  

Submission of claims by these categories of applicants shall be carried out in accordance with the procedure established by Federal Law No. 127-FZ.

More details – here.