ADB: tax on interest income on deposits can cause the RAID of the Russians on the banks

the Number of clients ‘ statements about the closure of the deposits and the issuance of cash from the accounts of is growing, noted in a letter to the “Association of Russian banks” (ADB) to the head of the Bank of Russia Elvira Nabiullina.

According to the ADB, the behavior of clients caused by the forthcoming introduction of a tax on interest income on deposits in the amount of 1 million rubles, according to RIA Novosti.

As citizens has not explained the order and timing of the introduction of the tax, many clients simply do not understand its essence, says ADB. All of this can cause a “run on the banks, the first signs of which are already visible,” emphasizes ADB.

President Vladimir Putin delivered on March 25 with an appeal to the Russians, in which he proposed to take some “tough economic measures.” One such measure is the maintenance of a tax rate of 13% for interest income on deposits and investments in debt securities, if the size of the contribution or investment exceeds 1 million rubles Revenues from this tax will go to support citizens in distress.