General

Savings deposits are insured in the Savings Deposit Insurance Fund.

Fund shall reimburse the insured deposits, but not more than the equivalent of € 30,000 on deposit in a bank, branch of a foreign bank or savings house calculated at the exchange rate of the National Bank of the Republic of Macedonia the day the Governor's decision on revoking the license for establishment and operation of the bank, branch of a foreign bank or savings house.

Specified amount of the principal of the deposit, contractual interest calculated and credited interest and undue interest to the date of finality of the decision of the Governor.

Reimbursement of Denar and foreign currency deposits is paid in denars.