Identify credit institutions that have participated in deposit insurance to ensure the safety of your deposits

Which organizations are required to participate in deposit insurance?

Not all organizations in the financial sector are required to participate in deposit insurance. According to current regulations, only credit institutions that accept deposits in Vietnamese Dong from individuals are required to participate in the deposit insurance, including commercial banks, cooperative bank, people's credit fund, microfinance organizations, and foreign bank branches. This is an important point to help people recognize where to deposit money safely and legally protected.

How to identify credit institutions that have participated in deposit insurance?

Observe information at the transaction point

By law, credit institutions participating in the deposit insurance must publicly post the Certificate of participation in the deposit insurance at all points of transaction with customers. Normally, the Certificate of participation in the deposit insurance, in which the DIV certifies that  a credit institution  has participated in the deposit insurance is issued. The time of issuance of the certificate is noted, and next to it is the logo of the Deposit Insurance of Vietnam (DIV), located in the transaction counter area.

This is the first and most visible sign that an organization is compliant with the deposit insurance regulations.

Ask the teller directly

Depositors can ask bank staff whether the organization participates in deposit insurance or not. Credit institution staff will provide information on the insured institutions status when requested by customers.

Check information through transaction documents

Currently, many credit institutions focus on communicating regulations on deposit insurance directly on the savings book, deposit contract, or transaction confirmation slip. Therefore, many credit institutions clearly state information about participating in deposit insurance on the savings book, deposit contract, or transaction confirmation slip. This is one of the information that people can refer to before depositing money.

Look up information directly on the DIV website

Visit the official website of the DIV at https://www.div.gov.vn, navigate to the list of insured institutions, and enter the name of the bank or credit institution for verification. This list is updated regularly, helping people clearly understand information about organizations that operate legally and participate in deposit insurance.

Be cautious with organizations that are not covered by DIV

In fact, there are cases where people have lost money by depositing funds into disguised organizations – such as capital mobilization groups or financial companies operating under a disguise – that are not licensed to receive deposits. The DIV does not cover these organizations, so when risks occur, depositors will not receive insurance payments from the DIV.

Therefore, the basic principle is: Only deposit money at credit institutions licensed to operate by the SBV, which are listed as insured institutions and provide transparent transaction information.

Increase knowledge to protect yourself

Deposit insurance serves as a "safety net" for depositors, particularly small depositors, in situations of force majeure in the financial market. However, to enjoy this benefit, people need to seek information proactively, carefully check whether the organization has participated in deposit insurance or not, and not trade deposit safety for high interest rates.

Currently, the deposit insurance communication activities of the DIV are being promoted through various channels, including radio, television, newspapers, social networks, and community communication sessions. This is an opportunity for individuals to enhance their financial knowledge, enabling them to make informed and safe choices with their money.

With transparent and official verification channels, people can completely proactively check and protect their rights.

Communication Department