Banks will be obliged to create social deposits for low-income citizens

According to the bill, banks from among the systemically important ones will be obliged to open such deposits from July 1, 2024. All other credit organizations are a year later, Interfax writes.

Earlier, the Central Bank made such an initiative. The regulator proposed to open deposits for low-income people with guaranteed interest accrual by one percentage point above the key rate. Recipients of support measures will be able to open such a contribution. The deposit is opened for a year with the possibility of extension, if the person retains the right to receive state support. The maximum amount on the deposit does not exceed 100 thousand rubles.