Deposits denominated in Turkish Lira, foreign currency, and precious metals, held at domestic branches—excluding those belonging to official institutions, credit institutions, and financial institutions—are covered by insurance up to TRY 1,200,000 per person at each deposit bank for the year 2026.

This amount will be increased by the Savings Deposit Insurance Fund (SDIF) at the beginning of each calendar year, taking into account the revaluation rate determined and announced pursuant to the Tax Procedure Law No. 213 dated 4 January 1961, and will be published in the Official Gazette.

Deposits Not Covered by Insurance

Deposits opened at the foreign branches of deposit banks, deposits held at credit institutions engaged in offshore banking activities in Türkiye or abroad, and excessive interest paid above the maximum interest rates publicly announced by the bank and notified to the Central Bank, as well as above the average interest rates of the five deposit banks with the highest total deposits, are not covered by insurance.

Deposit banks are prohibited under the Banking Law No. 5411 from accepting deposits from residents in Türkiye on behalf of financial institutions established abroad.

Insurance Payments

Payments to be made under the insurance scheme shall be made in Turkish Lira in the event that the operating license of the deposit bank is revoked. In determining the insured amount, the total of the principal and accrued interest of deposit accounts is taken into account. The Turkish Lira equivalents of foreign currency and gold deposit accounts are calculated based on the Central Bank’s foreign exchange buying rates and the closing price of the Istanbul Gold Exchange session (for gold-denominated accounts) on the date the bank’s operating license is revoked.

Contact Information

Address:Esentepe Mah. Büyükdere Cad. Tekfen Tower Binası No:209 Kat:21 PK34394 4.Levent Şişli İstanbul Türkiye

Phone: +90 212 260 88 88

E-mail: contact@bankofchina.com.tr