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.
|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)
Repayment is made according to the failed cooperative’s assets.