The Kazakhstan Deposit Insurance Fund (KDIF) plays a crucial role in ensuring the stability of the country's financial system by protecting the rights and interests of depositors in the deposit guarantee system member banks (all Kazakhstani banks except for Islamic banks). In the event that a member bank's license to conduct all banking operations is revoked, KDIF pays guarantee compensation to its depositors in the manner and within the timeframes established by law.

Today, any adult citizen can easily open a deposit and/or account at a second-tier bank. In recent years, this process has been significantly simplified thanks to the development of mobile banking applications and internet banking. As a result, with just a few clicks and without leaving home, you can become a full-fledged client of a bank. It is worth noting that signing a bank deposit and/or bank account agreement online requires the depositor only to check a box indicating they have read it. However, in the modern world, where time is the most valuable resource, many depositors often do not even read the bank deposit and/or bank account agreement, missing many essential and genuinely important points.

An international conference titled "Success Story: 20 years of the Russian Deposit Insurance System " was held in Moscow, organized by the State Corporation "Deposit Insurance Agency" (DIA). The event was attended by representatives of legislative and executive authorities, the banking and expert communities, and deposit insurers from 20 countries, including all EAEU member states. The main theme of the conference was the improvement of mechanisms for protecting depositors' savings.

In accordance with legal requirements, second-tier banks are obligated to inform their clients about their participation in the deposit guarantee system. When establishing a bank account or deposit agreement, banks must also provide notification on the terms and procedures for guarantee payments, using the form established by the Kazakhstan Deposit Insurance Fund (KDIF). The wide array of deposit products on the market can often lead to confusion among depositors regarding the key terms that determine the deposit type and its corresponding guarantee amount, which is payable in the event of a bank's license revocation.