Insurance of Deposits. A portion up to four hundred thousand Turkish Liras of sum of principals and interest rediscount of any deposit accounts opened in Turkish Lira, foreign exchange and precious metal by persons other than governmental agencies, credit institutions and financial institutions in domestic branches of the Bank shall be covered by the insurance as per “the Regulation on Premiums to be Collected by Deposit and Participation Funds Subject to Insurance and Saving Deposit Fund.”
Insurance of Deposits. A portion up to One Hundred and Fifty Thousand Turkish Liras of the saving deposit accounts in Turkish Lira and the gold deposit and foreign exchange deposit accounts, classified as saving deposits, opened by a natural person in the local branches of the Bank is covered by insurance pursuant to and under the “Regulation on Insurable Deposits and Participation Funds and on Premiums To Be Collected by Saving Deposits Insurance Fund”.
Insurance of Deposits. A portion up to two hundred thousand Turkish Liras of sum of principals and interest rediscount of any deposit accounts opened in Turkish Lira, foreign exchange and precious metal by persons other than governmental agencies, credit institutions and financial institutions in domestic branches of the Bank shall be covered by the insurance as per “the Regulation on Premiums to be Collected by Deposit and Participation Funds Subject to Insurance and Saving Deposit Fund.” Any deposits, safe deposits and receivables, including without limitation any amounts on deposit accounts opened in the name of the Client with a check book even if check book is not delivered, transfer amounts, interests to accrue on deposits, receivables and safe deposits up to end of term of limitation, which are not requested within ten years starting from the date of the last request, transaction, or any written instruction of the Client, shall lapse. The Bank shall give a notice to the Client by a registered and reply paid letter by end of January of the following calendar year by stating that all deposits and receivables of the Client which lapsed in a calendar year with a value equal to and higher than TL 250 (two hundred and fifty Turkish Liras) shall be transferred to the Saving Deposit Insurance Fund. Such deposits and receivables, and deposits and receivables with a value less than TL 250 (two hundred and fifty Turkish Liras) shall be announced as a list on website of the Bank for four months as from beginning of February. In addition, the bank shall publicize through newspapers that it has posted the aforementioned lists on its website. Prior to February 15, such public announcements shall be printed through the Public Announcement Agency for two days in two of the five national newspapers that the Public Announcement Agency lists as having the highest circulation on the day of the announcement. Any lists announced on websites are also sent to the Saving Deposit Insurance Fund and the Banks Association of Turkey simultaneously. The Saving Deposit Insurance Fund and The Banks Association of Turkey publish these lists in a consolidated form on its website by the end of May. All deposits and receivables which are lapsed and announced and are not requested by the Client or his heirs by the fifteenth day of June shall be transferred by the Bank together with their interest to the TRCB or other Bank accounts of the Saving Deposit Insurance Fund by end of June and shall be recorded as re...