Compensation for old Sberbank deposits before 1991: who can claim, how to process a refund of the amount from a USSR deposit, how to receive payment in 2018.
Compensation for deposits before 1991: what is the amount of compensation in 2018, terms of compensation for depositors and their heirs
During the crisis in the 90s, due to the depreciation of money, citizens of the former USSR partially lost their savings. The government made sure that lost funds were returned to people. For many former depositors, the question under what conditions the deposits of Sberbank of the USSR are returned and within what time frame remains relevant.
In 2018, such investors will be able to receive part of their savings from the “frozen” accounts of their savings books. The amount of compensation will be separate for each individual person. Who can apply for compensation for old Sberbank deposits before 1991, how to arrange a refund of the amount from the USSR deposit, how to receive payment in 2018?
What is compensation for Sberbank deposits before 1991
Before 1991, there were not as many banking institutions in the country as there are today. Citizens kept their savings in savings banks. Money emission and a sharp economic decline caused price increases, hyperinflation, and a decline in the purchasing power of Russians. One of the anti-crisis measures was the “freezing” of savings of the population in savings accounts: money could not be withdrawn for use for current needs.
The state has provided for partial compensation of funds lost due to inflation compensation of savings on deposits before 1991 d. These activities continue the phased payment program begun in 1996. The first recipients of compensation payments were socially vulnerable groups - elderly people, persons with disabilities, as well as holders of Certificates of the former USSR.
Savings are compensated based on the capabilities of the budget and the state treasury. The program will not be able to fully compensate for the loss from the depreciation of savings. The Ministry of Finance, starting from 2018, plans to allocate 5.5 billion rubles each year to finance the program. from the federal budget. This way, citizens can be partially compensated for their “burnt” deposits. Compensatory payments for USSR savings books scheduled to be issued until 2020. The President of the country set this deadline for the Ministry of Finance, instructing the citizens to close these state debts.
Regulatory framework
The payment of compensation is handled by the Public Joint Stock Company "Sberbank". To implement the program, a number of special regulations were adopted, defining the circle of persons, procedures, and the amount of compensation:
- Law of May 10, 1995 No. 73-FZ “On the restoration and protection of savings of citizens of the Russian Federation.” The document defines pre-reform deposits as guaranteed with the assumption of obligations by the state regarding their future payment.
- Law of December 19, 2009 No. 238-FZ “On the federal budget for 2007.” This law makes provisions for reimbursement to heirs for funeral expenses for the deceased owner of the deposit.
- Law of December 5, 2017 No. 362-FZ “On the federal budget for 2018 and for the planning period of 2019 and 2020.” The legal act determines the amount and procedure for carrying out compensation procedures.
- Law of December 19, 2016 No. 415-FZ. “On the federal budget for 2018 and for the planning period 2018 and 2019.” The document establishes rules for reimbursement of deposits and redemption of treasury government. obligations and certificates of the Savings Bank of the former USSR.
Who can claim compensation for Sberbank deposits
The government clearly stipulates the conditions under which you can count on the state compensation program.
Funds reimbursed:
- placed before June 20, 1991 on Sberbank savings books (savings are recognized as the state’s debt to Russians);
- under insurance contracts with Gosstrakh, concluded before 01/01/1992;
- treasury bonds of the former USSR;
- certificates of the Savings Bank of the former USSR.
Compensation of Sberbank deposits in 2018 provided for citizen investors born before 1991. Money of deceased savings owners is paid to relatives by inheritance(with a date of birth before 1991) and other persons who paid for funeral services. The condition for receiving money for both owners and their heirs is the presence of Russian citizenship, even when living outside the country.
The following persons will not be able to claim compensation:
- born in 1991 and later;
- those who opened an account after June 20, 1991;
- closed the deposit within the period 20.06-31.12 in 1991;
- previously received full compensation payments;
- heirs - Russian citizens on the contribution of a person who did not have citizenship of the Russian Federation at the time of death;
- on the savings of a deceased owner who has no heirs with Russian citizenship.
Compensation for Sberbank deposits to heirs
The state has provided for compensation to the heirs of persons of such frozen savings. Sberbank payments upon the death of a depositor are reimbursed to close relatives of the deceased, but subject to certain provisions:
- deposit with opening conditions before the date of June 20, 1991 and validity until December 31, 1991 inclusive;
- the owner and his heir are citizens of the Russian Federation;
- date of birth of the compensation recipient – before 1991
Sberbank payments on old deposits
In order to make compensation payments, a revaluation of frozen deposits is necessary, the purpose of which is to equalize Soviet banknotes to the Russian ruble already in force today. The loss as a result of hyperinflation will be compensated by indexing the deposited amounts by multiplying them by the growth factor.
The increase depends on:
- recipient's age;
- the period of time the money is in the savings book;
- amounts of previous reimbursements (for re-receipt).
For citizens:
- with a date of birth before 1945, savings are indexed three times,
- and with a date of birth 1945-1991. – in double terms.
The program is characterized by a social orientation and increased sizes are expected for less protected groups. Elderly people, with equal balances of other younger people, receive 50 percent more.
For burial
The frozen money of investors who died after 2001 is issued for funeral services to persons - legal heirs and persons who paid funeral expenses. It is important that compensation is provided for such purposes even for accounts closed between 06/20/1991 and 12/31/1991. If a person’s savings were fully compensated during his lifetime, burial costs are no longer reimbursed.
The compensation amount depends on the deposit balance of the deceased owner. If the deposit is 400 rub. and more, 6000 rubles are paid. A 15-fold increase is provided for a balance of less than 400 rubles. If you have savings books in several different branches of Sberbank, the amount of only one account with the largest balance is reimbursed. After completion of the compensation payment procedure The bank specialist makes the appropriate mark on the document(certificate) of death.
Targeted contribution for children
Compensation is also provided for deposits opened for a child by his parents before he reaches adulthood.
You should not count on the increased interest rates stipulated in the contract for long-term storage, as well as on interest on other savings. The amount of compensation is determined by the age of the recipient. With a date of birth of 1945-1991. it is planned to double the amount, for senior persons - threefold indexation of the balance.
The following have the right to receive:
- parents who opened a trust account;
- heirs;
- citizens who spent money on the burial of the owner of the money.
Calculation of the deposit storage duration coefficient
The compensation amount is calculated based on the length of time the money is kept in the savings account. When determining the value, it is applied reduction factor, equal to one for active (unclosed) accounts. The compensation factor is set as follows:
The amount of compensation payments for Sberbank deposits in 2018
How much is paid under this program can be determined in advance.
You need to know the recipient’s date of birth (in other words, the increase factor), the storage period of the funds (indexation coefficient 0.6-1), and the amount of the previously paid compensation amount.
The following formula is used for calculation: C=3хОхК – Р, where:
- C – determined value;
- O – balance noted in the passbook;
- K – coefficient corresponding to the closing period;
- 3 – magnification factor equal to 3 or 2;
- P – pre-received compensation amount (previously paid inheritance amounts of 6,000 rubles for burial are not deducted).
How to receive compensation for deposits of Sberbank of the USSR
- The legislation provides for the initiative of the owners (heirs) of frozen funds themselves.
- The savings are placed in Sberbank; you must apply there yourself.
- The bank does not carry out search activities, but only pays money.
To receive a refund you must:
- By checking the closing date of the deposit account, make sure there are grounds for participation in the program.
- Contact the bank branch where the passbook was opened or a nearby branch to transfer your savings. There may be a commission fee for the transfer.
- If the savings book is lost or information about the existence of an account is missing, send a request to Sberbank.
- Collect the required documents.
- To write an application.
- After verification, receive cash using a debit order at the cash desk or (if desired) draw up a deposit agreement, taking advantage of the opportunity to refinance funds at the same bank.
- For those who have insurance, contact Rosgosstrakh.
- In case of controversial or unclear issues, contact the federal line (free of charge).
How to apply:
- The application is completed at a bank branch or can be downloaded from the Sberbank portal.
- If you lose your passbook, you should notify the bank by additionally writing an explanatory note indicating the reason for the loss.
- The application form reflects information about the account owner and the heir (if necessary): full name, citizenship, date of birth, amount of savings, date of closing of the deposit.
List of documents
The list of documents required for this procedure will be provided at each Sberbank office and at its help desk by phone . Only original documents are submitted to the bank for mandatory verification and making copies by employees. The status of the owner determines the list of documentation that is different for the owner of the money and his heir.
Documents for the owner(official representative, if he himself is not able to apply) are as follows:
- statement;
- passport;
- savings book (explanatory in case of its loss);
- a notarized power of attorney, if the interests of the owner are represented by another person, and his passport.
Before contacting Sberbank, the heir must check that at the time of death and closure of the account, the deceased owner was a citizen of the Russian Federation.
Important: compensation is due only to Russians; foreign citizens cannot inherit USSR deposits.
The following documents will be required from the heir:
- statement;
- passport;
- confirmation of Russian citizenship of the deceased investor;
- savings book;
- document on the right of inheritance (will, notarial certificate);
- death certificate.
Video: Compensation of deposits in the USSR, return of deposits in Sberbank
Today, they still continue to pay compensation for deposits that were made during the Soviet period in Sberbank. To do this, you must meet a number of requirements and apply with the relevant documents to one of the branches of Sberbank of the Russian Federation. How are payments to affected depositors made this year?
Payment procedure
If you are entitled to compensation for deposits, there is no need to contact the same branch where the account was once opened. This is due to the fact that today not all branches that were at the old addresses of the former USSR have survived. And many investors also changed their place of residence.
Submit the necessary documents to any structural division of Sberbank. It is important to contact the branch where the money will be transferred. This is done specifically for the convenience of investors and their legal representatives.
You can contact 17 regional banks, each of which has several branches. This financial network consists of 19,000 branches located throughout the country. In some cases, a small fee is charged for transferring payment amounts from one branch to another.
When contacting the bank, you must fill out a standard application to receive compensation. To do this, you must present not only a passport, but also a savings book from the USSR Savings Bank. If it is not there, an application for reinstatement is written.
Heirs must submit additional documents. Their content is determined by the specific situation.
The list may include the following documents:
- testamentary disposition
- notarial certificate of the right to inheritance (if there was no will),
- certificate of will.
Note! If you are a user of the Sberbank OnL@yn remote service, the application can be filled out in your personal account electronically. But documents must be submitted in person only with a handwritten signature.
Who is entitled to
Refunds of deposits are subject to the condition that the account was opened before June 20, 1991 and was valid on that date.
The following clients are entitled to receive compensation::
- for investors born before 1991,
- heirs born before 1991,
- persons who paid for funeral services in the event of the death of the investor in the period from 2001 to 2018.
Note! In the latter case, compensation in the amount of 6,000 rubles is paid.
The amount of the refund is determined by the client’s age and the validity period of his deposit:
- Those born before 1945 inclusive are entitled to three times the amount of the deposit balance.
- Those born between 1946 and 1991 are entitled to compensation equal to twice the balance.
If a partial refund was received in advance, the double or triple refund will be reduced by this amount.
Note! For accounts that were closed between June 20 and December 31, 1991, double and triple compensation is not paid.
There are certain coefficients that depend on the period of storage of deposits. They influence the size of the final payment. To calculate, you can go to the official website of Sberbank of the Russian Federation.
Documentation
To receive compensation, certain documents will be required. Their list depends on who provides them - the investor or the heir.
The investor must submit the following documents:
- your civil passport,
- savings book for a current deposit,
The heir submits the following documents:
- your civil passport,
- inheritance document,
- death certificate of the investor,
- application of the established form.
Video: Payment procedure
Calculation of the amount of compensation for the deposit
The final amount of debt to be paid is determined by the year of birth of the owner and the date of closure of the deposit. The amount is determined as follows: the cash balance in the deposit account is increased by two different factors and decreased by the amount that was previously paid as preliminary compensation.
One coefficient is equal to the number “2” for those investors who were born from 1946 to 1991. And the coefficient “3” is assigned to those who were born before 1946.
There are also the following sizes of the increasing multiplier:
There is a calculator on the Sberbank of Russia website that can be used to calculate the amount of compensation for the depositor.
But this calculation will only be approximate. To find out the exact cost, you need to contact one of the Sberbank branches. All features and difficult moments will be taken into account here. If necessary, they will restore the expense transactions that have existed over all these years.
The deposit was closed in 1995. Those born before 1945 receive a payment of the balance three times the amount with a coefficient of 0.9. As a result, the payment amount is 2,700 rubles.
Thus, the heir or investor will receive the amount of 2,700 rubles if there have been no other payments up to this point. If payments were made, the final amount will be much less.
Often, the heir may not know about all the contributions of his testator. He does not always know about previously received deposit payments. For this reason, Sberbank carries out an accurate verification of information in each specific case.
Formula for 3 times the amount of payment based on 1948. inclusive
To determine three times the amount of compensation, the following formula is used:
(Oν x Kk x 3) - Rk
- Кk – compensation coefficient,
Formula for 2 times the payment amount from 1946-1991. R.
To determine the double amount of compensation, the following formula is used:
(Oν x Kk x 3) - Rk
In this case, the formula designations are deciphered as follows:
- Oν – deposit balance as of June 20, 1991,
- Кk – compensation coefficient,
- Rk – the amount of compensation received previously.
Compensation of Sberbank deposits from 1992 in 2018
To consider the issue of calculating compensation for a deposit that was closed between 1992 and 2018, you must contact one of the bank’s structural divisions at the location of the deposit.
You can also contact the structural unit of the bank to which the depositor plans to transfer the amount of compensation. You can submit a corresponding application for compensation here.
Who is not paid
It is important to consider that compensation is not always paid.
Compensation will not be paid to the heir or investor in the following cases:
- If the deposit was opened starting from June 20, 1991,
- If the deposit was closed during the period 06/20/1991-12/31/1991,
- If the deposit compensation was previously paid in full,
- If the deceased investor does not have an heir aged before 1991,
- If the heir of a citizen of the Russian Federation is not a citizen of Russia,
- If the deposit does not belong to a citizen of the Russian Federation.
Payments to the heirs of a deceased investor
In 2018, the heirs of the deceased depositor also receive payments on deposits. But one condition must be met, according to which the investor on the day of death must be a citizen of the Russian Federation.
Payments are made as follows:
- Three times compensation in the amount of the deposit balance as of June 20, 1991 is paid to persons born before 1945;
- Double compensation is paid in the amount of the deposit balance as of June 20, 1991 to persons born in 1946 to 1991.
The amounts of these compensations are determined by the storage period of deposits. They are reduced by the amount of funds that were previously received. They are also reduced by the amount of additional compensation.
If the deposit was closed during the period from June 20, 1991 to December 31, 1991, the possibility of payment in double and triple amounts does not apply. If an investor who is a citizen of the Russian Federation died between 2001 and 2018, his heir receives payment for funeral services.
Payment is also made to an individual who paid for these services, but is not an heir.
The amount of this compensation is determined by the balance of the deposit as of June 20, 1991, but cannot exceed 6 thousand rubles.
Thus, if you qualify for compensation for Soviet deposits, it can be received if certain conditions are met. The main thing is to submit the necessary documents and make the necessary calculations. Only after this can you receive the payment due by law.
Our dear readers, we are pleased to welcome you to the pages of the legal portal “site”. In this material we will consider the features of the payment of compensation in 2019 for deposits dating back to 1991. So, who will be able to receive funds, and for what purposes, in what volumes are payments made and what documents will be required? We will discuss all these points below.
The information presented in the article may be useful to individuals who were unable to return the funds invested in the state bank in 1991. It is also recommended that the heirs of investors who, by law, receive rights to these savings, study it. Let us recall that compensation of deposits for 1991 is a continuation of the program that was introduced in 1996. Frozen savings continue to be paid out in 2019.
On a note! Since there is no fixed amount established, we will consider the accrual formula.
What contributions are we talking about, background
In 1991, there were not so many banking institutions in Russia; the population kept their savings in savings banks. A series of economic and political shocks that overtook the country during this period had a negative impact on the financial position of the Russian Federation. Due to money emission, price growth and hyperinflation, there was a decline in the consumer power of citizens. The situation in the country was extremely difficult and one of the anti-crisis measures was the freezing of cash savings in savings accounts.
In fact, for clients of the state bank, the “freeze” was equivalent to the complete loss of “hard-earned” savings. We are talking about deposits issued before June 20, 1991. Below we will talk about later contracts, which are also subject to compensation.
Federal Law No. 362 ensures the right of citizens to return deposits dating back to 1991 in 2018-2020.
We are not talking about full repayment of the debt. No one promises to compensate for all lost profits. After all, it is not easy to carry out an objective assessment of the damage, taking into account the moral side of the issue and the lost benefit. But the law gives hope for partial restoration of justice. Each investor or his heir is entitled to compensation.
What is the compensation program?
Initially, the compensation program was focused only on socially disadvantaged segments of the population. This circle included pensioners, people with unstable income, disabled people and veterans, people with many children and holders of USSR certificates. Today the circle of recipients has expanded significantly.
Savings will be compensated taking into account the financial strength of the budget, which will annually allocate 5.5 million rubles for these purposes. Such a reserve will make it possible to partially compensate for the losses of citizens due to “burnt deposits”. In order to pay off debts to the population, the President of the Russian Federation outlined the time frame for the implementation of the program, this is the period from 2018-2020.
During the period 2018-2020. The state plans to pay more than sixteen trillion rubles to citizens affected by the 1991 crisis. The amount was determined taking into account inflation indicators for the entire period.
The legislative framework
Sberbank of Russia became the entity responsible for paying compensation to the population on designated deposits. This is a public joint stock company. His participation in the program, payment terms and amounts of compensation, as well as the circle of recipients are ensured by a number of regulatory legal acts, including:
- Federal Law No. 73 “On the protection of deposits, restoration of rights”, dated May 10, 1995. Its provisions guarantee the fulfillment of obligations by the state to the population in relation to pre-reform deposits.
- Federal Law No. 415 “Budget 2018-2019.” This bill regulates the rules for compensation of deposits with the right to repurchase government obligations and State Bank Certificates.
Who is included in the circle of recipients
So, we already know when compensation will be paid, this is the period from 2018 to 2020. Now regarding the conditions for its provision. Let's look at which USSR-era deposits are reimbursed and which individuals will not be able to receive it. So, the following obligations are subject to compensation:
- Agreements executed before June 20, 1991 when depositing funds into a Sberbank savings book (state debt to the population);
- Transactions concluded with Gosstrakh before January 1, 1992;
- Treasury obligations;
- Sberbank certificates.
Attention! In 2019, only those investors who were born before payments were stopped can claim monetary compensation.
If the investor dies before compensation, the right to his contribution passes to his heirs. Such applicants are entitled to compensation from Sberbank if they were born after 1991. The main condition is Russian citizenship and permanent residence in the Russian Federation.
Refunds are not valid for:
- persons born after 1991;
- deposits after June 20, 1991;
- deposits closed between June 20 and December 31;
- applicants who have already received compensation;
- heirs that at the time of the death of the owner of the money did not have Russian citizenship;
- deposits for which there are no heirs.
How will the deposit be reimbursed if the rights to savings are inherited?
For deposits frozen in 1991, compensation goes to the relatives of the deceased depositor. This possibility is provided by law. But there are certain nuances:
- the deposit must be made before June 2, 1991;
- the owner of the deposit had Russian citizenship;
- at the time of the death of the owner of the money, the heir had Russian citizenship;
- the heir was already born at the time the deposit was frozen.
What you can learn about the recalculation of payments in the compensation law
It is obvious that the funds left in savings banks will be compensated by Sberbank in 2019. We will discuss the compensation scheme for deposits of that period in this section. So, first of all, we need a recalculation. Banknotes of that period must be aligned with the current exchange rate. The inflation loss is subject to compensation and is included in the final amount.
The amount increases by a percentage, which depends on parameters such as:
- recipient's age;
- contract time;
- the amount of previous payments.
For persons born before 1945, the amount is tripled. Everyone born from 1945 to 1991 is paid twice as much as on the book.
Funeral assistance from the deposit
If cash savings remained in the account of banking institutions at the time of the death of the depositor, then his relatives can receive funeral assistance. The condition applies to cases occurring after 2001. It concerns those contracts for which there was a balance.
Attention! Funeral assistance for all depositors who died after 2001 is paid regardless of whether the deposit was valid or closed from June 20 to December 31, 1991.
Funeral assistance is generated from the investment funds of the deceased applicant; accordingly, the amount depends on the balance. If the deposit amount is 400 rubles or more, 6,000 rubles will be allocated. If there is an investment of less than 400 rubles, a 15x magnification is used.
When appropriate assistance has been provided, the bank employee puts a note on the death certificate of the depositor.
Contribution for children, payment features
In this section we will talk about deposits opened for minor offspring by their ancestors. It is stipulated that the rights to the money must be transferred to the potential owner at the time of majority. How is compensation determined in this case?
The amount of compensation in this case depends on the age of the recipient. As noted above, if the applicant was born after 1945, then he can count on double the amount. If he was born earlier, the initial figure will be tripled.
Attention! Interest on deposits that were “frozen” during the crisis is not subject to the rule of increasing interest on long-term deposits. Only the principal amount is taken into account.
How is the deposit storage duration coefficient used?
Compensation is determined based on the length of time the money is in the bank. A reduction factor applies to a certain amount. The reduction unit is determined taking into account the opening and closing dates of the deposit.
Amount of payments or how to calculate
To determine the compensation amount, you need to use the recipient’s date of birth to take into account the multiplicity of the increase, the storage period of the money to determine the indexation coefficient, and the amount already repaid.
The formula is used: KS = KU * OS * K - P, here
- KS – final amount;
- OS – residual amount;
- K – coefficient by closing date;
- KU - magnification factor, can have an indicator of 2 and 3;
- P – amount already paid in advance.
Procedure for receiving compensation
Compensation payments are not automatically assigned. Banks do not engage in investigative activities, but only pay the funds due to the person. Accruals are made on the basis of the applicant’s personal application and his written application.
The following procedure is provided:
- Checking the contract in all respects to ensure its compliance with the terms of the program.
- Contact Sberbank, preferably to the deposit opening branch or any other to transfer savings.
If it is inconvenient for the applicant to go to the place where the deposit is opened, he can choose any other branch. To transfer funds, an application is written in form 143 (internal nomenclature). There is no fee for internal money transfers.
- Collection of necessary confirmations.
- Submitting an application with a package of additions.
- Issue. The money is paid in cash according to the order. The second option is to transfer the resource to a deposit account.
- Contact Rosgosstrakh (only for insurance owners).
What documents are needed to receive compensation?
So let's start with the statement. The document form can be downloaded from the official website of Sberbank. Get it from a bank employee. You can bring a completed form or fill in the required information on the spot. The document must contain information about the owner of the account, his heir (if issued by the receiver), data on the deposit (opening/closing dates, amount).
You must also provide the following documents with your application:
- passport;
- a book confirming the investment of money;
- power of attorney with a notary visa, if a representative acts on behalf of the interested party.
Attention! If an heir applies for compensation, he must additionally present a certificate of death of the owner of the deposit.
Current questions and answers
- Question: If you lost your passbook, what should you do?
Answer: In this case, you need to send a request to Sberbank, all documentation will be restored. They will only require an explanatory note from you that justifies the loss of the financial document.- Question: If the amount of the increase depends on age, how does that affect the final amount?
Answer: The program has a social direction, the interests of older people are a priority. Given an equal balance, young people will be paid on average 50% less than older savers.- Question: If there were several deposits at once, is it possible to receive funeral assistance for each?
Answer: Payments are made only for one deposit, the one with the largest balance is selected.- Question: Who can be the recipient of a child deposit refund?
Answer: The recipient of compensation payments can be the investor (the person who buried him) or the heir.
In Soviet times, the phrase “Citizens, keep your money in a savings bank!” was very common and was considered the standard of civil responsibility. Anyone who listened to this advice could rest assured that he had made the right choice. For a long time they were confident not only in the future, but also in the fact that nothing bad could happen to their money. During the collapse, many Sberbank depositors lost their savings due to the freezing of all accounts. Unfortunately, the state has not yet been able to fully repay its debts to the people. Therefore, after so many years, many victims are still waiting for their money to be returned and are wondering how they can receive compensation for the damage they have suffered.
Payment procedure
At the moment, it is still ongoing for citizens of the country who made deposits before the collapse of the USSR. All accounts that, according to the laws of the country, are subject to protection and restoration, are gradually paid by the Savings Bank of the Russian Federation. The law on compensation to citizens for damage caused was adopted in 1995.
It became known that the country's budget plans to continue payments to victims of the bank bankruptcy in 1991. Taking into account the adopted law on compensation for damage, consideration of citizens' applications will continue from 2017 to 2019. Five million five hundred thousand rubles have been allocated from the budget for each year. This is exactly the amount pledged by the current government to pay off debt to citizens of the Russian Federation in order to cover the debt left by Sberbank of the USSR.
Regulatory acts
Many citizens are interested in what regulations will now govern the return of funds from investments made before 1991. All data is noted in the law on the state budget for this period. Basically, the government refers to the law that was adopted back in 1995. It is this that implies the return of depositors’ money and the state’s protection of its citizens from such problems.
Payment procedure
The government authorities have not yet approved the procedure. We only know that there are no changes in the payment scheme that were prescribed in the budget before. The latest changes in legislation regarding deposits made before June 20, 1991 were made in 2009, by Resolution No. 1092. Payments will begin when Sberbank of Russia receives funds from the state budget for the current year.
It is worth noting that Sberbank will not make payments again. In other words, according to the law, if a person has already received compensation in a double or triple amount, or payment has been made for funeral services or other types of compensation, he cannot receive money from this deposit again and the bank does not undertake to return the funds to the victims again.
Who can receive compensation
The question of most interest to the population is information about who will be able to receive compensation for deposits in the coming years. This information is specified in the law on the state budget for the current year. Citizens of the Russian Federation will be able to receive the following amounts.
Those depositors and heirs of deposits, whose year of birth is before 1945 inclusive, have the right to receive payments in the amount of three times increased account balances, in the state in which they were at the time of closure of the bank, that is, on June 20, 1991. Compensation for Sberbank deposits is calculated taking into account the nominal value of units of banknotes at that time. The amount also depends on how long the deposit was kept in the bank. And also the amount of money that was previously received during previous issuances of compensation and commissions is subtracted from it.
Victims of a bank failure in the early nineties who were born between 1945 and 1991, including eligible heirs, are entitled to double their account balances. Compensation for Sberbank deposits is calculated based on the nominal value of units of banknotes at that time. The amount also depends on how long the deposit was kept in the bank. And also the amount of money that was previously received during previous issuances of compensation and commissions is subtracted from it.
In case of death of the investor
If the investor died between 2001 and this year, heirs or people who paid for funeral services can count on compensation. They are paid compensation for Sberbank deposits, as required by the law of the country, to pay for funerals and other expenses. In other words, the person who dealt with funeral issues has the right to receive 6 thousand rubles in compensation.
As for the heirs, they can receive payments on the deposits of citizens born before 1991. The age of the investor is not important in this case. The main thing is that no payments have been made on this deposit before. If compensation was previously paid for Sberbank deposits to pay for funeral services, then when calculating the amount it is not deducted from the total amount of money returned.
Who cannot receive compensation
Citizens who managed to close their deposits at the end of 1991 will not be able to receive payments on their deposits. This category of people is not paid double or triple compensation. Also, payments are not made to people who have already received doubled and tripled balances. The heirs and persons who were involved in this process cannot receive compensation in the amount of six thousand rubles for funeral services.
Calculation of the amount taking into account the nominal value
Payment for funeral services in the event of the death of a depositor and compensation for deposits before 1991 are paid according to federal law dated December 19, 2006. in the amount of 6 thousand rubles, only if the deceased’s savings book contained 400 rubles or more. If we take into account the nominal value of banknotes at that time, then the amount less than 400 rubles on the deceased’s book is reimbursed to the people or heirs involved in ritual expenses, in the amount of the contribution increased by fifteen times.
When the relevant authority accepts an application for payment of compensation to cover funeral services, a note is made on the depositor’s death certificate presented. It confirms that funds have been paid out and prevents further fraud.
Calculation of the payment amount taking into account the deposit storage period
Depending on how long the deposit was kept, the state calculates subsequent payments on it. To calculate the amount of compensation, a special coefficient is used:
- For deposits that are currently valid, as well as for those accounts that were valid in the period from 1992 to 2012 and closed between 1996 and 2015, the number of this coefficient is 1.
- For deposits that were valid from 1992 to 1994 and closed in 1995, the sum of the coefficient is 0.9.
- Deposits closed in 1994, valid for two years from 1992 - the coefficient is 0.8.
- Closed deposits in and valid for the year before are subject to calculation with a coefficient of 0.7.
- If the deposit was closed in 1992, then the coefficient is 0.6.
- If the deposit is closed from 06/20/91 to 12/31/91, the coefficient is zero and the amount is not paid.
That is, if we look at an example, a person who made a deposit and was born after 1945, who closed the deposit in 1995, will be able to count on compensation of his funds that will be doubled. This takes into account the fact that the amount is calculated using a coefficient whose value is 0.9.
Features of receiving compensation
Taking into account the information discussed above, it is worth paying attention to special points related to compensation payments. This will be useful to anyone who wants to receive compensation for damage and is interested in the details of who exactly can count on compensation for their loss.
People currently living in the country and their heirs who do not have citizenship of the Russian Federation will not be able to receive compensation. The budget does not provide for such expenses, and the law does not allow such payments. Also, people who live in other countries, have foreign citizenship or do not have it at all cannot count on payments. More detailed information can be obtained by contacting Sberbank; the hotline telephone number is listed on the official resource.
An important point is that Russian legislation does not provide for compensation for damage to citizens of countries that were formerly part of the USSR. In other words, money is issued only to those who have Russian citizenship and live here. All others must receive compensation in their own country in accordance with its laws.
It is also important that if the deposit was opened after June 20, 1991, then you should not count on any payments.
By law, payment of such bills is not calculated. Compensation for Sberbank deposits in 2016 took place according to this scheme. This year, all payments are made on the basis of changes in legislation regarding budget allocation for the current year.
What documents are needed
You can receive compensation at the Sberbank branch where the deposit itself was originally made and where it is currently located. To receive money, you must provide a certain list of documents.
The following documents must be provided for investors and their representatives:
- Documents confirming the identity of the recipient.
- If necessary, you need a document confirming that this is a person authorized to receive compensation for the deposit.
- A previously completed application regarding the desire to receive compensation must first be done at a bank branch.
- If available, then you need a Sberbank savings book.
- If not available, then a statement about the loss of the passbook.
- If the deposit was closed between 1992 and 2015, you need to provide a special application, which is pre-issued at the bank.
Heirs of investors need to collect the same documents, but with one difference: instead of confirming a power of attorney, they must provide a document on the right to inheritance, a death certificate of the investor, as well as a certificate stating that the investor at the time of death was a full citizen of the Russian Federation. Compensation for Sberbank deposits to heirs is made only if these conditions are met.
Where can I find out information?
All necessary data can be clarified from Sberbank employees, including what documents are needed to pay compensation. On the bank's website there is a form for filling out an application to receive money, or you can personally contact Sberbank. Phone number and other coordinates are also available on the official resource. It is worth noting that employees are required to return any original documents that clients provide to complete an application for payments after completing all necessary actions with them.
What you should pay attention to when registering
If the deposit is closed, this information should be displayed in the cash receipt order. The person receiving compensation must sign it. Before doing this, it is recommended that you carefully read the text of the order and check the amount specified in it. If questions arise, it is better not to receive a payment and wait for recalculation. In this situation, you should request one of the copies of the order in hand. Also, the Sberbank savings book must contain the note “compensation” and it must be returned to the recipient upon completion of the procedure.
Formula for calculating compensation
You can calculate the deposit amount yourself. To do this, you need to use the following formula: the deposit balance as of June 20, 1991, multiply by the compensation coefficient, multiply by the increase number, in the case of a triple return by 3, in the case of a double return by 2, respectively, and subtract the amount of previously paid compensation for this deposit.
It is important to take into account that two deposits are involved in calculating the amount, namely the main balance on the savings book and the amount of compensation calculated on March 1, 1991. This does not apply to those people whose contribution was made after this date.
What does additional account mean?
Taking into account the fact that food prices have increased due to inflation, a decree was adopted to increase the amount of deposits by forty percent. More precisely, those depositors whose savings exceeded the amount of 200 rubles received an additional account that contained funds in the amount of forty percent of the total amount. They could legally use them only after three years. If the amount was less than 200 rubles, then they could use the additional account after three months.
The state program continues to pay compensation to Soviet depositors of Sberbank, whose funds were “frozen” in June 1991. Payments began in 1996 from the federal budget and continue today. According to Federal Law No. 73-FZ “On the restoration and protection of savings of citizens of the Russian Federation” dated May 10, 1995, the government recognized the deposit debt as an internal debt of the state and undertakes to repay it by December 25, 2020.
Citizens of the Russian Federation and their heirs can count on compensation for lost funds. The amount of payments depends on the age of the depositor, the amount of the account balance and the deposit period.
Who is entitled to compensation?
Payments on Sberbank deposits opened before June 20, 1991 and valid until June 20, 1991 are made:
- depositors - citizens of the Russian Federation born in 1991 inclusive;
- heirs - citizens of the Russian Federation born in 1991 inclusive (on deposits of citizens of the Russian Federation);
- to heirs or individuals paying for funeral services in the event of the death of the investor - a citizen of the Russian Federation in the period from 2001 to 2016.
In some cases, compensation for deposits is not provided. The law does not apply to the following situations:
- the deposit was opened on June 20, 1991 and later;
- the deposit was closed from June 20, 1991 to December 31, 1991;
- compensation for the deposit has already been fully paid;
- the depositor does not have Russian citizenship (regardless of his place of residence);
- the heir to the deposit of a citizen of the Russian Federation does not have Russian citizenship (regardless of place of residence);
- heir born before 1991.
Deposits opened on the territory of states that were formerly part of the USSR are compensated by these states in accordance with the legislation in force there.
Compensation amount
Investors and heirs. The amount of compensation in 2016 is regulated by Federal Law No. 359 of December 14, 2015 (Article 15, clauses 2-5), the amount is paid to citizens of the Russian Federation based on the face value of banknotes in 1991 as follows:
- born in 1945 inclusive - three times the amount of the balance of deposits as of June 20, 1991;
- Born 1946-1991 inclusive - in double the amount of the balance of deposits as of June 20, 1991.
The amount of compensation depends on the period of storage of deposits and is reduced by the amounts of previously received preliminary and additional compensation.
Heirs have the right to payments on deposit balances only if the depositors themselves have not received them before.
The owner of the inherited deposit on the day of death must be a citizen of the Russian Federation. The amount previously paid to the heirs for funeral services in the amount of up to 6 thousand rubles. does not affect the amount of compensation.
Coefficients determining the amount of compensation
The size of payments is influenced by the storage period of deposits, depending on which one or another coefficient is used in the calculation formula:
1 - for deposits currently operating, as well as for deposits closed in 1996-2015;
0.9 - for deposits closed in 1995;
0.8 - for deposits closed in 1994;
0.7 - for deposits closed in 1993;
0.6 - for deposits closed in 1992;
Formulas for calculating compensation to investors
The amount of triple compensation is determined by the formula:
(Oν × Kk × 3) - Rk
The amount of double compensation is determined by the formula:
(Oν × Kk × 2) - Rk
Kk - compensation coefficient;
Rk - the amount of previously received compensation;
Oν - balance on the deposit as of 06/20/1991 (If the deposit was opened before 03/01/1991, the balance as of 06/20/1991 will consist of funds in the deposit account and funds in a special account opened in accordance with OP No. 1708 dated March 22, 1991 “On compensation to the population for losses from depreciation of savings due to a one-time increase in retail prices." According to the decree, the amount of savings of depositors as of March 1, 1991 was increased by 40%).
Example 1: An investor born in 1940 has an active deposit. As of June 20, 1991, there were 2,000 rubles in the account. I have not received any compensation before. Payment amount:
2000 rub. × 1 × 3 = 6000 rub.
Example 2: A depositor born in 1950 closed the deposit in 1994. The balance of the deposit as of June 20, 1991 is 2000 rubles. I have not received any compensation before. Payment amount:
2000 rub. × 0.8 × 2 = 3200 rub.
Calculation of compensation to heirs
The exact amount of payments to the heir will be announced at the Sberbank branch at the place where the deposit is kept. Its size depends on:
- year of birth of the heir;
- deposit storage period (closed or active);
- hereditary share;
- amounts of previously paid compensation.
Funeral services. In case of death of the investor in 2001-2015. heirs or persons who paid for funeral services are entitled to compensation, the amount of which depends on the balance of deposits as of June 20, 1991, but not exceeding 6 thousand rubles. (persons who paid for funeral services must apply for payments before the expiration of 6 months from the date of opening of the inheritance). In this case, the citizenship of the heir or the person who paid for the funeral services does not matter.
The terms of compensation and its amount are determined by Federal Law No. 238 (Article 117, Part 5-7) dated December 19, 2006, based on the face value of banknotes in 1991:
- if the amount of deposits is less than 400 rubles, the amount of payments is equal to the amount of deposits specified in the application, multiplied by 15;
- if the amount of deposits is equal to or exceeds 400 rubles, the amount of payments is equal to 6 thousand rubles.
Upon acceptance of the application, a note on the compensation made is made on the death certificate of the investor.
Documents for receiving compensation
Payment of compensation is made at Sberbank branches at the location of the deposits.
Depositors and their proxies must present:
- a savings book or an application for the loss of a savings book (for existing deposits) or a special statement (for the loss of a savings book for closed deposits);
- power of attorney for the right to receive compensation (for an authorized person).
The heirs and their proxies present:
- identification document;
- death certificate of the investor;
- a document confirming the right to inheritance;
- a document confirming that the depositor was a citizen of the Russian Federation;
- passbook or special statement;
- power of attorney for the right to receive compensation (for an authorized representative);
- a document confirming that the heir is a citizen of the Russian Federation.
To establish the citizenship of a deceased investor, you can contact the passport and visa service at the investor’s last place of residence.
To compensate for the payment of funeral services, the heirs need to present the package of documents listed above. Another individual can also receive compensation for paying for funeral services on the basis of a notary’s decree upon presentation of a passport and death certificate.
