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Three full coverage of deposit insurance publicity
Deposit insurance, also known as deposit protection, means that the state provides clear legal protection for public deposits through legislation to promote the healthy development of the banking industry. As a basic institutional arrangement of the financial industry, deposit insurance is conducive to better protecting the rights and interests of depositors, promoting the healthy and stable development of financial institutions and maintaining financial stability.
The deposit insurance system is a kind of financial guarantee system, which refers to an insurance institution established by various qualified deposit financial institutions. As the insured, all deposit institutions pay insurance premiums to them according to a certain proportion of deposits, and establish deposit insurance reserves. When the member institutions have business crisis or face bankruptcy, deposit insurance institutions provide financial assistance or directly pay part or all of their deposits to depositors, thus protecting the interests of depositors, maintaining bank credit and stabilizing financial order.
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