Differentiation of interest rates on deposits for different categories of depositers from the position of a commercial bank

Introduction. The commercial bank uses the deposit as the main long-term attracted resource to ensure its activities. For certain categories of citizens, banks offer increased interest rates on deposits. The current legislation regulating the banking sector is in constant and dynamic development. Every year, the Central Bank of the Russian Federation proposes new bills or makes adjustments to existing regulations. Knowledge of current innovations and amendments and their compliance is the main tool for the work of a commercial bank.

Materials and methods. The study is based on the analysis of the reasons for the differentiation of conditions by deposits, the main stakeholders, their interests and contradictions are studied, and possible ways of resolving the problem are proposed, taking into account the obstacles in their path. The analysis of changes in deposit rates necessitated the following research methods: analysis, synthesis, formal logic, comparison, induction, deduction, etc.

Results and discussion. As a result of the analysis, it was revealed that the deposit allowances for different categories of customers differ. Salary clients and those who leave their applications online receive more deposit allowances. The main stakeholders are commercial banks, microfinance organizations, the Central Bank, clients of commercial banks and employees of commercial banks.

Conclusion. The problem of differentiating conditions by deposits is ambiguous and has both advantages and disadvantages. When settling it, it is necessary to take into account the interests of all participants in financial relations in order not to upset the balance and come to mutually beneficial cooperation between them.

1. Information resource of the State Duma. Available from: https://sozd.duma.gov.ru/bill/160987-8 [Accessed 10 December 2023].

2. In the third quarter of 2022, a record amount of cash was withdrawn in Russia. Available from: https://www.kommersant.ru/doc/5707740 [Accessed 10 December 2023].

3. The Central Bank spoke out against discrimination against “old” deposits. Available from: https://www.pnp.ru/economics/v-cb-vystupili-protiv-diskriminacii-starykh-vkladov.html [Accessed 10 December 2023].

4. Contribution without additives. Available from: https://www.kommersant.ru/doc/5140870 [Accessed 10 December 2023].

5. What determines the interest rate on a deposit. Available from: https://brobank.ru/ot-chego-zavisit-procentnaya- stavka/ [Accessed 10 December 2023].

6. Interest rates and structure of turnover on deposits in rubles. Available from: https://www.cbr.ru/statistics/bank_sector/int_rat/DepositsDB/ [Accessed 10 December 2023].

7. The market has ambiguously assessed the Central Bank’s intention to ban differentiated rates on deposits. Available from: https://www.vedomosti.ru/finance/articles/2021/12/20/901703-rinok-neodnoznachno-otsenil-namerenie-tsb [Accessed 10 December 2023].

8. How many pensioners are there in Russia. Available from: https://gogov.ru/articles/population-ru/pensioners [Accessed 10 December 2023].

9. The Central Bank will fight against discrimination of deposits. Available from: https://www.bfm.ru/news/489022 [Accessed 10 December 2023].