Date: March 21, 2017
At the Policy Board meeting held today, the Deposit Insurance Corporation of Japan (DICJ) decided to change the deposit insurance premium rates in the following manner:
The deposit insurance premium rates applicable from April 1, 2017 will be:
|0.049% for deposits for payment and settlement purposes.；and|
|0.036% for general deposits，etc.|
The premised effective rate(Note) is 0.037%.
Subsequent to the decision above, DICJ applied for approval for the change of above rates to the Commissioner of the Financial Services Agency and the Minister of Finance based on the rules of the Deposit Insurance Act.
(Note) The ratio of total insurance premium against total eligible deposit