The deposit and participation fund insurance is a guarantee for losses to be incurred by the deposit and participation holders being paid partially or wholly by the government or an institution established for this purpose in the event that operating licenses of the deposit and participation banks (credit institutions) authorized to collect deposit and participation fund are revoked by the Banking Regulation and Supervision Agency. Authority and duty to insure the deposit and participation funds in Türkiye are entrusted to the Savings Deposit Insurance Fund (SDIF/FUND),which is a public entity.

The insurance limit of deposit and participation fund for the year of 2026 is 1,200,000 Turkish Liras (TRY) for each person in each credit institution. This amount is increased each year, taking into account the revaluation rate announced for the previous year. effective from the beginning of the calendar year, by the Fund Board.

Yes. Capital of the deposit accounts opened by local or foreign persons, who live abroad, in the domestic branches and total of the interest rediscounts related to these accounts, unit account values of the participation fund and private current accounts are subject to the insurance coverage up to TRY 1,200,000.

No. The investment instruments such as government bond, treasury stock, investment fund which are sold through the credit institutions, and cryptoassets are not subject to the insurance coverage.

In the event that a person has more than one deposit account in a deposit bank or its different branches, proportion up to TRY 1,200,000 of the total deposit accounts belonging to the person is subject to the insurance coverage.

The insurance coverage of the partners in joint account is separately calculated for each partner. In the event that shares of partners in joint account are not specified, it is deemed each account owner to have equal share.

All insured payments are made in TRY.
TRY equivalent of the foreign currency accounts is determined based on the forex buying of exchange rates of The Central Bank of the Republic of Türkiye on the date when the operating license of the relevant credit institution is revoked and TRY equivalent of accounts in precious metal is determined based on the final quotation of the Istanbul Gold Exchange and the forex buying of exchange rates of The Central Bank of the Republic of Türkiye on the date when the operating license of the relevant credit institution is revoked.