The advantages of the law on increasing insurance compensation for irrevocable deposits are named

The adopted law on increasing insurance compensation for irrevocable deposits will strengthen citizens' trust in the banking system and stimulate long-term savings, Evgeny Shatov, partner at Capital Lab, told Izvestia on July 16.

"The doubling of the insurance limit — from 1.4 million to 2.8 million rubles — is supported by the role of the DIA and the Mandatory Deposit Insurance Fund. This demonstrates the state's willingness to protect large savings, especially for long—term periods (more than 3 years)," he said.

According to him, for long-term depositors, this means reducing risks: the impossibility of early withdrawal is compensated by increased insurance.

"This is especially important for citizens saving up for strategic goals such as housing or education, who were previously afraid to freeze large sums," the expert explained.

The law creates conditions for the growth of long-term deposits. Irrevocable certificates now offer not only high rates, but also increased protection, which makes them more attractive than standard deposits. In addition, certificates can be resold through an assignment agreement, which reduces the psychological barrier.

"The total insured amount per depositor can reach 4.2 million rubles, if we take into account the usual deposits," he added.

The expert noted that the law will help banks attract long-term resources for mortgages and infrastructure projects.

"The success of a product depends on the rates, but with the right approach, it can become an important source of financing for the economy," he said.

However, there are also risks: small banks are unlikely to be able to compete, and some depositors will remain cautious due to the impossibility of early withdrawals.

"Everything depends on macroeconomic stability, but in the long run this tool can become significant," Shatov summed up.

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