Information on the Deposit Guarantee System in the Republic of Uzbekistan
Deposit Guarantee System
The Deposit Guarantee System is a set of measures aimed at protecting the rights and legitimate interests of depositors by paying compensation through the Deposit Guarantee Agency in the event of a guarantee case.
The system involves:
- The Deposit Guarantee Agency
- Banks
- Owners of guaranteed objects
Guaranteed Objects
The following are considered guaranteed objects:
- Deposits of individuals, including individual entrepreneurs
- Deposits of legal entities
- Deposits in national and foreign currencies
Funds Recognized as Deposits
The following are considered deposits:
- Funds placed under a bank deposit agreement or bank account agreement (including escrow accounts), as well as those confirmed by deposit certificates;
- Accrued but unpaid interest under deposit or account agreements and deposit certificates.
Not Subject to Guarantee
- Deposits of banks and other financial institutions;
- Deposits of state authorities and state enterprises;
- Deposits of related parties (except amounts not exceeding three months' salary);
- Deposits in foreign branches or subsidiaries;
- Individual pension savings accounts;
- Funds recognized by court decision as proceeds of criminal activity.
Compensation Amount
- Full amount if the deposit does not exceed 200,000,000 UZS;
- 200,000,000 UZS if the deposit exceeds this limit.
Compensation Procedure
Compensation may be paid:
- Through an agent bank;
- By transfer to an account in another bank;
- By other methods determined by the Supervisory Board of the Agency.
Payment Deadlines
The Agency must ensure that at least three-quarters of depositors are able to receive compensation within:
- 20 working days;
- From January 1, 2026 — within 15 working days;
- From January 1, 2027 — within 7 working days.