When any agricultural or fishery cooperative in Japan runs into difficulty, depositors are protected under the savings insurance system as shown below.
Savings for payment and settlement purposes: Full protection
General savings, etc.: Principal up to \10 million plus interest per depositor
Type of savings, etc.
|Savings eligible for protection under savings insurance system||Savings for payment and settlement purposes||Current savings, non-interest bearing ordinary savings, etc.||Full protection|
|General savings, etc.||Interest-bearing ordinary savings, time savings, savings at notice, saving-type savings, installment savings, The Norinchukin Bank debentures (safekeeping instruments such as interest-bearing bank debentures)||Principal up to a total of \10 million plus interest thereon.
Repayment for the portion in excess of \10 million is made according to the state of the failed cooperative’s assets.
|Non-eligible savings, etc.||Foreign-currency savings, negotiable certificates of savings, The Norinchukin Bank debentures (other than safekeeping instruments such as discount bank debentures and interest-bearing bank debentures)||No protection.
Repayment is made according to the failed cooperative’s assets.