MPs enhance rates on deposits

Banks Finansy17-09-2007 MPs enhance rates on deposits banks can not unilaterally change the interest rate on deposits. The State Duma should consider the introduced bill with changes in the article "Banking", which complements the norm, not allowing credit institutions to unilaterally change the interest rate on deposits. The initiative is designed to protect the rights of depositors, which would be agreed 11% suddenly dropped to, say, 5%. The project addresses the contradiction between the Civil Code, which prohibits banks to unilaterally change the interest rates on deposits and current Law "On Banks and Banking, allowing such a change in rates. So far, under the credit institution has no right to unilaterally change the interest rates on loans (deposits), commission and terms of these agreements with customers, except as permitted by federal law or by contract with customer. " In other words, this provision contradicts the Constitution and the Civil Code.