The Russian Federation's Deposit Insurance System Extended to Electronic Funds
President of the Russian Federation Vladimir Putin signed Federal Law No. 317-FZ on August 4, 2026, “On Amending the Federal Law ‘On Insurance of Deposits in Banks of the Russian Federation’ and the Federal Law ‘On Insolvency (Bankruptcy)'”. In accordance with this law, electronic funds (e-wallets) of bank clients are now included in the deposit insurance system. Holders of e-wallets will be able to receive reimbursement up to the limit of 1.4 million rubles in the event that a credit institution’s license is revoked. The new regulation applies to funds of individuals who have undergone full or simplified identification. The reimbursement will be paid exclusively via cashless transfer.
The adopted law will ensure equal protection for depositors’ funds held in accounts, deposits, and identified e-wallets.
The legislative amendments will come into force on February 1, 2027, and will apply to insured events occurring on or after the specified date.
