OREANDA-NEWS. December 25, 2015. Pursuant to Federal Law No. 432-FZ, dated 22 December 2014, ‘On Amending Certain Laws of the Russian Federation and Recognising Invalid Certain Laws (Provisions of Laws) of the Russian Federation’, the Bank of Russia communicates that the basic rate of return on deposits with banks which have jointly raised two thirds of the total household deposits, for January 2016 has been published in subsection ‘Basic Rate of Return on Deposits’, section ‘Information and Analytical Materials’ on the Bank of Russia website.

The established rate is calculated in compliance with Bank of Russia Ordinance No. 3607-U, dated 23 March 2015, ‘On Determining Basic Return on Deposits’ and Bank of Russia Ordinance No. 3606-U, dated 23 March 2015, ‘On Amending Bank of Russia Ordinance No. 3194-U, dated 27 February 2014, On the Procedure for Disclosing by Credit Institutions Information about Interest Rates on Household Bank Deposit Agreements’.