I I. Announcements
150.000 TL of Demand Deposit Accounts Are Under the Guarantee
of the Savings Deposit and Insurance Fund
The Regulation on Premiums to be Collected by the Insurance
Deposits and Participation Funds and Savings Deposits Insurance
Fund was amended. With the current regulation, 150.000 TL of demand
deposit accounts are under the guarantee of the Savings Deposit and
Insurance Fund. The related amendment was published in the Official
Gazette dated 25 September 2019 and numbered 30899. The amount
covered by insurance before the change was 100.000 TL.
Maximum Interest Rates for Credit Card Transactions
The Central Bank of the Republic of Turkey has decreased maximum
interest rates for credit card transactions, allowing banks to
charge lower interest rates. From 1 October 2019, the maximum
contractual interest rate for credit card transactions in Turkish
Lira decreases from 2.00% to 1.60%, as well as for foreign currency
credit card transactions from
