Accounts

Insurance
Insurance
Insurance
Insurance

In accordance with 63. Article of 5411 numbered Banking Law :

Insurance
Insurance
Insurance
Insurance
  • Collected funds in private current accounts and participation accounts on Turkish currency or Exchange currency on behalf of real persons in Participation Banks depend on insurance. The part up to 50,000 TL of accounts and profit share sums of a person is within the scope of the insurance.
  • Accounts that are opened in abroad agencies including off-shore banking of Participation Banks is out of the scope of Savings Deposit Insurance Fund.
  • In case of removal of activity permit; unit account value that will be calculated on liquidiation balance sheet is based on. Payments within the scope of Savings Deposit Insurance Fund are performed on Turkish Lira. For conversion of Foreign currency account into Turkish Lira, Central Bank Exchange purchase currency is applied.
  • If shares who have accounts in private common account and/or participation account are certain; payment is performed according to these shares; including the insurance amount; if it is not certain payment is performed equally on condition that not exceeding the insurance amount for each person.